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Coil Tubing Technology Exhibits at Offshore Technology Conference 2006; Conference Sets Attendance Record of Over 59,000 Participants

COMTEX -- Coil Tubing Technology, Inc. ("CTT") (OTC: CTBG) today announced its participation in the 2006 Offshore Technology Conference held on May 1st through 4th in Houston, TX. This year's OTC turned out to be the most successful OTC since 1982 with over 59,000 in attendance. The conference, sponsored by companies such as Halliburton, Schlumberger, Chevron, Verizon Wireless and other multinational corporations, focuses exclusively on emerging technologies in drilling, exploration, production and environmental protection for offshore oil and gas applications.

Over 2,000 companies from 33 countries were in attendance at the OTC, providing CTT with the opportunity to showcase its proprietary lines of downhole cleaning nozzles and drilling systems to perhaps the broadest audience of any conference this year. CTT and Hammelmann Corp. of Dayton, OH presented their combined line of tools at booth #4663.

"CTT has attended the OTC for the last three years running and we were excited by the increased attendance at the conference," stated Jerry Swinford, President of CTT. "We met with new prospective customers operating in the North Sea, Southeast Asia and South America and expect additional orders this year and beyond because of the OTC."

About Coil Tubing Technology, Inc. (CTT)

Coil Tubing Technology, Inc. (CTT) has specialized in the design of proprietary tools for the coil tubing industry since 1990, concentrating on four categories of coil tubing application: thru tubing fishing, thru tubing work over, pipeline clean out, and coil tubing drilling. CTT was founded in 1998 by Jerry Swinford, an oilfield tool designer with more than 15 patents granted or pending and more than 25 years experience in the creation of oilfield tools.

For more information, please visit: www.coiltubingtechnology.com.

Forward-Looking Statements

Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current estimates and projections about Coil Tubing Technology, Inc.'s business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategy, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

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