DALLAS, TEXAS (March 21, 2006) - Dresser, Inc. announced today that it will not meet the March 31, 2006, filing deadline for its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2005, and will file a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission. 

As a result of the filing delay, the company will not be timely in providing its 2005 audited financial statements to the lenders under its senior secured credit facility.  Consequently, the company is seeking a waiver from its senior secured lenders to extend the deadline for providing audited 2005 financial statements from March 31 to April 17, 2006. The terms of the company's other financing agreements do not require a waiver for this delay. 

The company said its recent focus on completing prior-period reports and the extensive accounting effort associated with the November 2005 sale of two of its businesses necessitated the delay.

The company believes it is in compliance with all other requirements of its credit facilities.

The company also noted that it continues to benefit from high energy prices and the resulting investments being made in energy infrastructure, and its backlog, bookings and cash flow remain strong.

            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,  market conditions, backlog, bookings and cash flow. 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, 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