International Business Exchange (IBEX) successfully brokered the sale of the business Texan Oilfield Services, Inc located in Katy, TX on November 11th, 2004 to a undisclosed corporation. IBEX acted as the merger and acquisition advisor to the deal, helping the business owner list, market, wade through buyers, due diligence and close the deal. Texan Oilfield Services, Inc. is an oilfield sales and service company that specializes in selling and servicing downhole stabilizers used in the drilling of deep oil and gas wells on shore and off-shore. A separate company that manufactures this line of equipment for the Company and other lines of equipment for other companies is also apart of the operation. Texan sells and services premium quality downhole stabilizers that are manufactured in all sizes and varieties specifically for the Company in a machine shop between Lafayette and Breaux Bridge, Louisiana. The manufacturing process creates a hard metal wear surface that resists downhole wear up to twice that of competing products.