AUSTIN, TEXAS (March 28, 2007) - Dresser Wayne, a leading global retail fueling equipment manufacturer and technology pioneer, has signed a distributor and service agreement with Southern Pump & Tank Company. Based in Charlotte, N.C., Southern Pump & Tank Company will market Dresser Wayne's complete portfolio of retail petroleum products in seven southeastern states.

"Both Southern Pump & Tank Company and Dresser Wayne have long-standing reputations for serving our customers with unmatched quality products and service offerings, coupled with the highest level of honesty and integrity," said Bill Reichhold, vice president of U.S. sales for Dresser Wayne. "We offer some of the most advanced technologies in this industry. In order for fuel retailers to maximize their technology investment, they have to get the right support and training from their distributor on a consistent basis. Southern Pump & Tank Company's knowledgeable sales and support team is well-known for its leadership in these areas. We are extremely excited about this new partnership and the enhanced benefits our customers will receive because of it."

Dresser Wayne and Southern Pump & Tank Company are working closely to ensure a seamless transition for current and future customers. "Our primary goal is to make sure that customers from both Dresser Wayne and Southern Pump & Tank are well taken care of without any disruption to their business during this transition," said Charlie Tew, CEO of Southern Pump & Tank Company.

As part of this agreement, Southern Pump & Tank Company will market and service Dresser Wayne products in the following areas of the Southeast: all of North Carolina and South Carolina, eastern Tennessee, southeastern Kentucky, southern and eastern Virginia, northeastern Florida, and all of Georgia except for the southwestern portion of the state. Southern Pump & Tank Company has served the southeast petroleum retail market since 1935.

Dresser Wayne is a division of Dresser, Inc.

About Dresser, Inc.

Dresser, Inc. is a leader in providing highly engineered infrastructure products for the global energy industry. The company has leading positions in a broad portfolio of products including valves, actuators, meters, switches, regulators, piping products, natural gas-fueled engines, retail fuel dispensers and associated retail point of sale systems and air and gas handling equipment. Leading brand names within the Dresser portfolio include Dresser Wayne® retail fueling systems, Waukesha® natural gas-fired engines, Masoneilan® control valves, Mooney® regulators, Consolidated® pressure relief valves, and Roots® blowers and rotary gas meters. It has manufacturing and customer service facilities located strategically worldwide and a sales presence in more than 100 countries. The company's website can be accessed at www.dresser.com.

About Dresser Wayne

Dresser Wayne, headquartered in Austin, Texas, is one of the largest business units of Dresser, Inc., and is an industry pioneer for the retail fueling industry. Among its innovations, Dresser Wayne was the first to introduce self-service consoles and fuel blending dispensers to service stations, in-pump card readers and cash acceptors, in-pump radio frequency identification payment systems and dispenser-mounted touch screen payment/communication systems. In addition, Dresser Wayne designs and markets software systems that enable its retail fueling customers to manage the convenience store aspects of their businesses more efficiently, including inventory control, price book management, labor management and site administration. The Dresser Wayne website is www.dresserwayne.com.

About Southern Pump & Tank Company

Southern Pump & Tank Company is the industry leader in sales, installation, servicing and repair of oil equipment. The company provides equipment for major oil companies, convenience stores, HVR/Hypermarket, retail lube stores, oil jobbers, bulk petroleum plants, and fleet fueling operations. Southern Pump & Tank Company provides its customers with 24 hour field service and in-house repair service for petroleum dispensers, meters, electronic systems and POS equipment. In addition to its Petroleum Division, the company also has Car Wash, Industrial and Electrical divisions to serve the needs of petroleum retailers. The company's web site is www.southernpump.com.

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COMPANY CONTACT:
DP Rabalais
Director, North America Marketing
(512) 388-8444
dp.rabalais@wayne.com