October 5, 2018 - 11:45 AM EDT
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665 Energy, Inc. (SSOF) Integrates Subsidiaries, Forms New Corporate Structure

  • Global oil and gas equipment industry projected to be worth $205 billion by 2020
  • 665 Energy’s three subsidiaries now integrated under new holding company with combined revenues of $12.6 million
  • Expansion plans include move into oil drilling rig acquisition, refurbishment and resale business
  • Financial audit underway with plans to become an SEC reporting standards company and move to OTCQB in Q4 2018

665 Energy, Inc. (OTC: SSOF), a holding company in the oilfield equipment and supply industry with facilities in Oklahoma, Germany and Dubai, specializes in supplying oilfield equipment, drilling rigs and drilling pipe. A recent name change from 66 Oilfield Services is designed to distinguish the corporate structure of the holding company from its three operating companies: Five Star Rig and Supply; Oklahoma Rig Fabricators; and 66 Oilfield Services, according to a recent news release (http://nnw.fm/We7JX).

The global market for oil and gas equipment is expected to grow from its current $194 billion to $205 billion by 2020, research firm Statista reported...

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Source: NetworkNewsWire (October 5, 2018 - 11:45 AM EDT)

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