EDMONTON, Alberta, June 29, 2006 (PRIMEZONE) -- Mr. Andrew Male, Vice President & Director of COSCO ESP Inc. (Pink Sheets:CCPI) ("COSCO" or the "Company"), wishes to announce that pursuant to its operating plan, the Company has initiated the process of compiling the documentation and requirements it needs to become a fully reporting issuer in order that it move from Pink Sheets to the OTC BB.
The move is the natural next step in the Company's evolution and reflects the progress it has made to date in attracting new business, as well as substantial investment interest from the financial community. According to Mr. Male, "It has always been our intention to achieve a listing of our shares on a recognized stock exchange."
COSCO ESP Inc. is publicly traded on Pink Sheets under the symbol "CCPI", and is an established manufacturer and service provider of down-hole Electric Submersible Pump related equipment in the oil and gas industry. The Company's advanced technology oilfield pumping and monitoring equipment allows for more efficient extraction of oil from new and existing underground oil reservoirs. COSCO is active in several countries in the Middle East as well as Africa, Russia, China and Southeast Asia.
The COSCO ESP logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2346
No Stock Exchange has reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined within the "safe harbor" provision as contained in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results.