First Choice Products Inc. (CNSX: FCI) is pleased to announce that its subsidiary PetroQuest Ventures Inc. (PetroQuest") is nearing completion of R&D on its propriety patent pending down hole oil well inspection tool. It is in the final stages of surface testing having successfully tested to 1,000 psi. Fine tuning, machining and drawings of components are being prepared. When these are completed a surface test will be initiated this week with equipment that can provide pressure up to 6000 psi. This test is to confirm that the tool's dyes will hold up under the fluid pressures. The dyes are responsible to keep the tool centered and locked in place under tubing and pump pressure testing. After this testing a final down-hole in field test will be undertaken to complete R&D and then commercialization can commence.
A video is available for viewing on the company's web site; www.firstchoiceproductsinc. Go to PetroQuest section for video.
The Company's common shares are listed for trading on the Canadian National Stock Exchange (CNSX) trading symbol "FCI" and quoted OTC "FCIZF".
On Behalf of the Board: Robert A. Sim, President
FIRST CHOICE PRODUCTS INC.
PETROQUEST VENTURES INC.
:#111 - 30990 Peardonville Rd., Abbotsford, B.C. V2T 6K1 Toll-Free (866) 719-2988 Fax (604) 853-3119
The CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
We seek safe harbour.
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