Flotek Industries Inc (NYSE:FTK) Investor Notice: Investigation over Potential Violations of Securities Laws

An investigation for investors in Flotek Industries Inc (NYSE:FTK) shares over potential securities laws violations by Flotek Industries Inc was announced and NYSE:FTK stockholders should contact the Shareholders Foundation.

Logo

San Diego, CA -- (SBWire) -- 12/14/2016 --An investigation on behalf of investors of Flotek Industries Inc (NYSE:FTK) shares over potential securities laws violations by Flotek Industries Inc and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Flotek Industries Inc (NYSE:FTK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Flotek Industries Inc (NYSE:FTK) concerning whether a series of statements by Flotek Industries Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Flotek Industries Inc reported that its annual Total Revenue declined from $49.16 million in 2014 to $334.36 million in 2015 and that its Net Income of $53.60 million declined to a Net loss of $13.46 million in 2015.

On December 7, 2016, a report was published alleging that studies done by Flotek Industries Inc were based on incomplete data and failed to consider key variables in the oil production process, and that if the Company's primary driver of revenue and profitability, CnF, were repriced to the same level of other generics of its kind, revenues would fall from $60 to $90 million per annum.

Shares of Flotek Industries Inc (NYSE:FTK) declined on December 13, 2016 to as low as $10.12 per share.

Those who purchased shares of Flotek Industries Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/750990