As of December 31, 2010, Flotek's cash balance was approximately $19 million. In addition, the Company continues to reduce its overall debt levels. On December 31, 2010, the Company made an additional $500,000 principal payment on its Senior Secured Credit Facility, reducing the current principal amount outstanding under the facility to approximately $33.6 million. Additional payments required to be made under the credit facility in March, 2011 are expected to further reduce the outstanding balance. "The improvement in our balance sheet and cash position are just as important as the acceleration in operating results," added Chisholm.