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Georgetown Corp., Through Its Wholly Owned Subsidiary Synergy Oil Tool and Supply, Receives $447,778 in Orders

OKLAHOMA CITY, OK--(Marketwire -08/22/12)- Georgetown Corporation (GTCP) is pleased to announce that, through its wholly-owned subsidiary Synergy Oil Tool & Supply LLC (Synergy), it has entered into an agreement to ship 427 joints of premium 4" XT-39™ Drill Pipe, related subs, & handling tools totaling $447,778.

Gary Haub, President of Synergy, stated, "We are pleased to have been selected as the drilling equipment supplier for this project and expect to provide additional services as our reputation for on-time delivery and quality products grows."

About Georgetown Corp.

Georgetown, through its subsidiaries, is a provider of oilfield services and equipment to independent and major oilfield companies in exploration, production and development of oil and gas properties, domestically and in selected international markets. The Company plans to continue its growth organically, search for new acquisitions, and expand geographically.

Statements made in this press release that are forward-looking in nature are intended to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by Georgetown Corp. with the Securities and Exchange Commission, including the Annual Report on Form 10-K, and the 10 Q which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.