EDMONTON, Alberta, July 7, 2006 (PRIMEZONE) -- Mr. Andrew Male, Vice President & Director of COSCO ESP Inc., (Pink Sheets:CCPI), ("COSCO") or (the "Company"), wishes to state that COSCO has recently been contacted by several people who have received unsolicited e-mails relating to COSCO, its business and its publicly-traded shares. The Management of COSCO unequivocally advises that such e-mails are not and never have been authorized by COSCO, and COSCO has no knowledge of the origin or intent of such e-mails. We regret this intrusion, possible confusion and any inconvenience such e-mails may have caused; however, the content and transmittal of such e-mails are beyond COSCO's control and are unrelated to any authorized corporate communications. COSCO will identify as "Authorized" any communication(s) it releases and, more importantly, copies of such "Authorized" communication(s) will be simultaneously posted on COSCO's website.
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.