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HOUSTON, Texas July 23, 2003 — Boots & Coots International Well Control, Inc. (Amex: WEL), announced today that on July 21, 2003 it received a letter from the American Stock Exchange (AMEX) stating that the Company is not in compliance with the continued listing standards of AMEX and that AMEX had completed its review of Boots & Coots’ revised plan of compliance and supporting documentation (the “Plan”). AMEX has determined that, in accordance with the AMEX Company Guide, the plan submitted by Boots & Coots on June 16, 2003 makes a reasonable demonstration of its ability to regain compliance with continued listing standards.

Specifically, Boots & Coots is not in compliance with: Section 1003(a)(i) with shareholders equity of less than $2,000,000 and has sustained losses from continuing operations and / or net losses in two of its three most recent fiscal years and Section 1003(a)(ii) with shareholders equity of less than $4,000,000 and has sustained losses from continuing operations and / or net losses in three out of its four most recent fiscal years.

Additionally, according to the Company’s Form 10-Q for the period ended March 31, 2003, the Company’s total shares outstanding at May 13, 2003 amounted to 82,767,293 shares. This amount is greater than those listed with the Exchange. As such, the Company is not in compliance with Section 301 of the AMEX Company Guide, which states that a listed company is not permitted to issue, or to authorize its transfer agent or registrar to issue or register, additional securities of a listed class until it has filed an application for the listing of such additional securities and received notification from the Exchange that the securities have been approved for listing.

Finally, according to the Company’s definitive proxy statement that was filed on July 11, 2003, the Company has one member on its audit committee. As a result, the Company is not in compliance with audit committee composition requirements under Section 121B(b)(i) of the AMEX Company Guide, which requires each issuer to have and maintain an audit committee of at least three members, compromised solely of independent directors, each of whom is able to read and understand fundamental financial statements, including a company’s balance sheet, income statement, and cash flow statement or will become able to do so within a reasonable period of time after his or her appointment to the audit committee.

AMEX has granted Boots & Coots an extension until the filing due date of Boots & Coots' Form 10-Q for the period ending September 30, 2003 to gain compliance with AMEX’s listing standards subject to the Company providing AMEX with updates, at least quarterly or as requested by AMEX, in conjunction with the initiatives outlined in the submitted Plan.


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