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HOUSTON, Texas May 2, 2003 — Boots & Coots International Well Control, Inc. (Amex: WEL), reported today that revenues for the first quarter ended March 31, 2003 were $10.9 million, an increase of $6.9 million compared with revenue of $4.0 million for the same period in 2002. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $4.3 million in the current period compared to $0.3 million in the same period for the prior year. Net Income (loss) prior to preferred stock dividends, which are primarily paid in kind, for the current period was $3.3 million versus a net loss of $(1.8) million for the prior year period. Net income (loss) attributable to common stockholders was $2.6 million for the current period compared to a net loss attributable to common stockholders of $(2.7) million in the prior year period.

Response revenues for 2003 first quarter were significantly higher than the 2002 period due to the service activity and associated equipment sale in Iraq. Prevention service revenues were down slightly in the 2003 period as core resources in Venezuela were shifted toward higher response activity in the region.

Boots & Coots’ CEO Jerry Winchester said, “Obviously, we are pleased with our earnings this quarter. The response related activity in Iraq and Venezuela led us to the best quarter in the history of the Company. We are proud of our proven response capabilities and the high job performance levels of our people. While we will continue to perform work in Iraq during the second quarter, our focus remains on the continued growth of our Prevention Segment.”

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