Hilbroy Advisory: Baker Hughes opens Saudi Arabia drill bit manufacturing plant

This modern drill bit plant consolidates all the manufacturing processes for PDC bits in Saudi Arabia. At full capacity, the facility, an integral part of the Baker Hughes super base in Dhahran, will employ approximately 80 people.

Online PR News – 03-February-2011 – – Montreal, Quebec, February 2, 2011– Hilbroy Advisory Inc.(DeutcheBörse: 2H0) Hilbroy Advisory Reports : Baker Hughes announced that its new drill bit manufacturing plant in Saudi Arabia is fully operational and delivering industry-leading polycrystalline diamond compact (PDC) bits to the Saudi Arabian and Middle East markets.

This modern drill bit plant consolidates all the manufacturing processes for PDC bits in Saudi Arabia. At full capacity, the facility, an integral part of the Baker Hughes super base in Dhahran, will employ approximately 80 people.

"Proximity to markets and customers is critical to ensuring client alignment and fit-for-purpose products," says Art Soucy, vice president of supply chain for Baker Hughes.

"Saudi Arabia and the Middle East are key markets for Baker Hughes and, after several years of successfully assembling drill bits in Saudi Arabia, we took the next logical step of manufacturing bits from raw materials. The investment underscores our commitment to diversify our manufacturing footprint to better serve our global client base."

Khaled Nouh, president of Middle East operations for Baker Hughes, says, "Baker Hughes has provided solutions to clients in the Middle East, and specifically Saudi Arabia, for over 70 years - dating back to the drilling of the famous first discovery well, Dammam #7. We have demonstrated our commitment to the Saudi market, opening our new integrated base last year and now the new drill bit manufacturing plant, which offers further employment opportunities for the Saudi workforce. We welcome this opportunity to be part of Saudi Aramco's continued leadership in developing the oil and gas reserves of Saudi Arabia."
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact Information
Jean Francois Amyot
1400 rue Begin
Montreal Quebec, H4R 1X1