DALLAS, TEXAS (March 22, 2006) - During a conference call with its lenders today, Dresser, Inc. said it was unlikely it would be able to file its 2005 Annual Report on Form 10-K by April 17, 2006, the previously announced date for which it is requesting an extension.

In the event the April 17 filing date is not met, the company would seek another extension of its financial statement delivery requirements from the lenders under its senior secured credit facility.  In addition, the company would seek an extension from the lenders under its senior unsecured term loan.

The company said additional time would likely be needed to analyze certain accounting issues.

            About Dresser, Inc.

Dresser, Inc. is a worldwide leader in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, measurement systems, and compression and power systems segments of the energy industry. Headquartered in Dallas, Texas, Dresser has a comprehensive global presence, with approximately 6,500 employees and a sales presence in more than 100 countries worldwide. The company's website is www.dresser.com.

            Safe Harbor Statement: 

This document contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including without limitation, the company's expectations regarding the completion of the 2005 audit and the unaudited results of the fiscal year ended Dec. 31, 2005.  Actual results may differ from the expectations described in these forward-looking statements, which are subject to factors that are not in every case under the company's control.  Factors that could affect the company's forward-looking statements may include, among other things, the completion of its analysis of certain accounting issues, unexpected effects from the discontinued operations accounting on the company's financial position, results of operations or liquidity, and unanticipated changes to the company's previously issued financial statements.  In addition, see the "Risk Factors" disclosure in the company's Quarterly Report on Form 10-Q for the period ended Sept. 30, 2005.

Because the information herein is based solely on data currently available at this time, it is subject to change as a result of situations over which the company may have no control or influence, and should not therefore be viewed as an assurance regarding such information.  Additionally, the company is not obligated to make public disclosure of such changes unless required to do so under applicable rules and regulations.

COMPANY CONTACT:

Jenny Haynes

Vice President of Investor Relations and Communications

(972) 361-9933

Jenny.haynes@dresser.com