$SMGI - 8K/PR Highlights:
o The company’s 12 products are branded and proprietary; Miracle Blue™ is an industry standard for degreasers
o Profitable in 2015 and 2016 (which were difficult years for oilfield), illustrating the business models ability to shrink and have lower fixed costs
o Revenue growth up 68% for first six months ‘17 vs. ’16
o Substantial additional growth anticipated in West Texas’ Permian Basin
o Half the drilling rigs in the United States are in Texas alone. Good concentration of customers to attach share of industry
o Current Customers are a ‘who’s who’ for our industry – Nabors (NBR), Patterson UTI (PTEN), Helmrich & Payne (HP), Cactus Drilling, Savannah Drilling and suppliers like Distribution Now (DNOW)
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