Sverica Announces Center Rock Inc. Acquisition

Berlin, PA – February 8, 2008 – Sverica International has acquired a majority interest in Center Rock Inc. (“Center Rock” or “CRI”) and recapitalized the Company with current shareholders. Based in Berlin, PA, CRI is a leading manufacturer and distributor of bits, capital equipment and other consumables to the drilling industry. Terms of the transaction were not disclosed.

Center Rock is an integrated drilling solutions company that manufactures a complete line of pneumatically-driven downhole drilling products (bits & hammers), distributes capital equipment in the form of high-pressure air and booster compressors that power its manufactured drilling components, and offers 24/7 support services. Center Rock is headquartered in a 30,000 sq. foot manufacturing and warehousing facility.

Sverica will work with Center Rock’s management team to leverage the company’s success in the Appalachian Basin and further penetrate the larger drilling markets of western United States. Dave Finley, Partner with Sverica International, commented on the recently completed acquisition: “The energy drilling market shows outstanding fundamentals that will continue to sustain demand for CRI products. Sverica focuses on companies with a high service component to their offering and CRI’s outstanding reputation among its customers makes this partnership very exciting to us. We look forward to working with management to help evaluate and execute CRI’s growth strategy while continuing CRI’s legacy of superior customer service to become the leader in its market.”

About Center Rock
Center Rock is an integrated drilling solutions company that manufactures a complete line of pneumatically-driven downhole drilling products (bits & hammers), distributes capital equipment in the form of high-pressure air and booster compressors that power its manufactured drilling components, and offers 24/7 support services. Center Rock is headquartered in Berlin, PA and has additional sales and service offices in Midland, TX and Grand Junction, CO. CRI serves a national customer base throughout the oil & gas, water-well / geothermal and commercial / infrastructure construction industries. For more information, please visit www.centerrock.com.