
HOUSTON, Texas May 1, 2003 — Boots & Coots International
Well Control, Inc. (Amex: WEL), reported today that it had missed
a proxy statement filing with the U.S. Securities and Exchange
Commission (SEC) that it had previously planned to make. The
filing was required by April 30, 2003, as a result of the Company’s
election, as permitted by SEC rules, to omit certain information
from its Form 10-K for the year ended December 31, 2002. The
Company is currently working towards the preparation and filing
of an amendment to its Form 10-K for December 31, 2002, to include
the previously omitted information, which will cure the filing
deficiency. The Company is not restating its financial statements
to its form 10K for December 31, 2002. The Company anticipates
filing the amendment with the SEC next week. The Company explained
that recent unusual demands on personnel and temporary staffing
constraints were responsible for the delay.
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About Boots & Coots
Boots & Coots International Well Control, Inc., Houston,
Texas, provides a suite of integrated oilfield services centered
on the prevention, emergency response and restoration of blowouts
and well fires around the world. Boots & Coots' proprietary
risk management program, WELLSURE®, combines traditional
well control insurance with post-event response as well as
preventative services, giving oil and gas operators and insurance
underwriters a medium for effective management of well control
insurance policies. The Company's SafeGuard program, developed
for regional producers and operators sponsored by Boots & Coots,
provides dedicated emergency response services, risk assessment
and contingency planning, and continuous training and education
in all aspects of critical well management. For more information,
visit the Company's web site at http://www.bootsandcoots.com
.
Certain statements included in this
news release are intended as "forward- looking statements" under
the Private Securities Litigation Reform Act of 1995. Boots & Coots
cautions that actual future results may vary materially from
those expressed or implied in any forward-looking statements.
More information about the risks and uncertainties relating
to these forward- looking statements are found in Boots & Coots'
SEC filings, which are available free of charge on the SEC's
web site at http://www.sec.gov.
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