HOUSTON, TEXAS, SEPTEMBER 10, 2011 – TEAM Oil Tools (TEAM) announces today that Mr. Randy Jones has joined the company in a dual capacity as Director of Composite Products and Intellectual Property Coordinator.

Randy gained his BBA in Aviation Management from Boise State University, an MBA from California State University and most recently his EJD in Technology Law from Concord Law School in California. He has 30 years of experience, initially in aircraft and aerospace technology and subsequently in specialty materials with Alcoa and ITT where he was closely involved in the development of composite products for the Marine and the Oil and Gas industries and holds 15 related patents. His broad experience of composites and his close involvement with patents in general will be a major asset to TEAM in the development of innovative composite products and control of its intellectual property.

Randy will be based in the corporate office in The Woodlands.