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HOUSTON, Texas April 1, 2003 — Boots & Coots International Well Control, Inc. (Amex: WEL), reported today that revenues for the year ended December 31, 2002, were $14.1 million as compared with revenue of $16.9 million a year ago, a decrease of 17%. Net loss for the current year was $9.2 million compared to net income of $1.3 million for the year ended December 31, 2001. Net loss attributable to common shareholders, after preferred stock dividends of $3.1 million, was $12.3 million or $0.28 per share for the year ended December 31, 2002, versus a net loss of $1.6 million or $0.04 per share, for the year ended December 31, 2001.

For the quarter ended December 31, 2002, revenue decreased by 18% to $2.6 million as compared with revenue of $3.2 million for the same period of 2001. Net loss prior to preferred stock dividends, which are paid in kind, increased in the current period to $1.6 million versus a net loss of $0.5 million for the prior period. Net loss attributable to common shareholders was $2.3 million for the current period compared to a net loss of $1.3 million in the prior period.

Boots & Coots CEO Jerry Winchester said, “While our response segment results overall were down in 2002, we are please that our prevention segment revenues experienced an increase of 48% in the current year compared to the year ending 2001. This was primarily a result of increased service fees associated with the WELLSURE® program and expanded service and equipment sales associated with the Company's Safeguard program. Response segment revenues decreased 45% last year as compared to the year ending 2001. This decrease was primarily the result of a decline in emergency response services which mirrored decreased drilling activity.”

Winchester further stated, “We expect improvements in our response revenue for the first quarter of 2003 due in part to increased demand for our emergency response services. Boots & Coots remains committed to supplying prevention and response services in the global market.”

Boots & Coots also announced today that it will hold a conference call on April 8, 2003 to discuss the specific results of the year and quarter ended December 31, 2002 and provide updates to recent activities, progress and developments. Specific information regarding the call will be forthcoming.

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