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Parker Drilling (NYSE: PKD), a global drilling contractor and service provider, announced today the appointment of David C. Mannon as chief executive officer. Mannon will also join Parker Drilling's board of directors. Both appointments are effective October 23, 2009.

Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT) is pleased to announce Biocombustibles y Energias Alternativas (ALS) has entered into a long-term agreement with CTI to develop projects in Argentina and throughout Latin America. ALS (www.alsbio.com), partnering with DOW Chemical (www.dow.com), has identified several projects where CTI technology can greatly improve process yields and profitability using CTI and DOW proprietary technology.

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