FOUNDERS INDUSTRIES, INC.
From the subsidiary Twin Oaks Construction's, physical plant location in Olney, Texas, the Company operates an oil field tubular hydro-testing and pipe threading facility. Poised to exponentially expand into parallel and supplemental fields in the regional oil & gas industry, management foresees the Company to be an industry leader in its target market.
The North Texas facility's services include high pressure hydro-testing, drifting, and threading capabilities for (up to) truckload quantities of steel tubulars - with sizes ranging from 2" to 12". The company works for the oil & gas and steel tubular industries, with limited direct sales to the public. Price quotes for specific jobs or bulk orders are available by contacting the plant office in Olney, Texas.
In addition to its oilfield pipe operations, Twin Oaks Construction is a bonded RRC (Texas Railroad Commission) oil & gas operator, producing Company owned oil & gas leases. Future plans include include expanded pipe testing & threading, environmental remediation salvage bid & cleanup, oil well cementing and plugging, and the development of a marketing and sales model for oil field equipment on secondary markets working with another Company subsidiary Oilfieldjunk.com, LLC.
With its SEC Form SB-2 Registration Statement originally filed on June 28, 2004 (and updated on July 26, 2005), Founders was originally chartered in 2002 as a wholly owned subsidiary of Skylynx Communications, Inc. (OTCBB-SKYC) (formerly Basic Technologies., Inc.) under the terms of a spin-off agreement. Agreed to by the Board of Directors of Basic Technologies in December, 2001, in January of 2002, Basic Tech announced a record date of February 8, 2002, for the spin-off of Founders Industries. That transaction was announced in the form of a dividend to the (then - 2/8/02) shareholders of record of Basic Tech, and the spin-off was consummated per the agreement. A review of the most recent SEC filings of Basic Tech and Founders will update the reader on the exact status of the dividend stock distribution.
Our page and the internet based equipment sales model is under construction. For general information on Founders and its subsidiary operations, please review the Company's filings with the Securities & Exchange Commission, or contact the Company at firstname.lastname@example.org
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