Energy & Technology, Corp. Affiliate Technical Industries, Inc. Announces the Acquisition of Total Pipe Services Assets

LAFAYETTE, LA--(Marketwired - May 27, 2014) - Energy & Technology, Corp. affiliate Technical Industries Inc. ("Energy & Technology" or the "Company") (OTCBB: ENGT) 

Mr. George M. Sfeir the C.E.O. of Energy & Technology, Corp. and Technical Industries, Inc. and group of companies, announced the purchase of Total Pipe Services, Inc. assets of Broussard Louisiana, a previous subsidiary of Seaboard Pipe, Inc. Mr. Sfeir announced that the operation will be relocated to the Abbeville Louisiana Facility in order to boost the manufacturing capability including inspection and engineering and become a One Stop Shop. The facility is serving the local market and the Gulf of Mexico when the restrictions are lifted.  

To be added to the Energy & Technology, Corp. Investor email list, please email engt@engt.com

About Energy & Technology, Corp.

As the holding company of Technical Industries, Inc., Energy Pipe, LLC, and Energy Technology MFG & Threading LLC, Energy & Technology, Corp. (OTCBB: ENGT) is a technology and essential commodities provider including main source for rig, integrated systems, down hole tools, OCTG, linepipe, drillpipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, engineering, non-destructive testing, storage, maintenance and other products, and services. To learn more about ENGT visit: www.engt.com.

SAFE HARBOR STATEMENT

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2013 and other documents filed by ENGT with the SEC.