ITEM 5. Other Events

     In  a  press  release  dated  June  27,  2003,  Flotek  Industries,   Inc.,
(OTCBB:FLTK)  announced  its  intentions  to divest  its  Equipment  Specialties
Division located in Duncan Oklahoma.

ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (c) Exhibits

            Exhibit 99.1 Press Release dated June 27, 2003




     Signatures


     Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                             Flotek Industries, Inc.

     Dated June 27, 2003     By: /s/  Mark D. Kehnemund
                             ----------------------------------------
                             Chief Financial Officer