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HOUSTON, August 08, 2003 -- Boots & Coots International Well Control, Inc. (AMEX: WEL - News). — Boots & Coots reported today that revenues for the second quarter ending June 30, 2003, increased by 101% to $8.0 million as compared with revenue of $4.0 million for the same period of 2002. Revenues earned from Iraq related work were $4.4 million for the second quarter of 2003. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $2.9 million in the current period compared to a negative ($0.4 million) in the same period for the prior year. The Company’s income from continuing operations was $1.9 million for the current period (prior period $1.7 million loss) resulting in a net income for the current period of $1.9 million (prior period $7.2 million net loss). After deducting preferred stock dividends, net income attributable to Common Shareholders was $1.6 million for the current period compared to net loss of ($7.9 million) for 2002 three-month period. Basic and diluted earnings (loss) per share were $0.02 as compared to ($0.19) for the three-month comparable periods.

For the six months ending June 30, 2003, revenue increased 137% to $19.0 million as compared with revenue of $8.0 million for the same period a year ago. Revenues earned from work in Iraq in the first two quarters of 2003 were $12.1 million (including a first quarter equipment sale of $6.6 million). In the current six-month period earnings before interest, taxes, depreciation and amortization (EBITDA) increased by $7.2 million to $7.1 million. The Company’s income from continuing operations was $5.2 million for the current six-month period (prior period $1.8 million loss) and its income from discontinued operations was $0.01 million (prior period $7.2 million loss) resulting in a net income for the current period of $5.2 million (prior period $9.0 million net loss). After deducting preferred stock dividends, net income attributable to Common Shareholders was $4.2 million for the six months ending June 30, 2003, versus a net loss of ($10.6 million) for the 2002 six-month period. Basic earnings (loss) per share were $0.06 as compared to ($0.25) for the six-month comparable periods. Diluted earnings (loss) per share were $0.05 as compared to ($0.25) for the six- month comparable periods.

Prevention revenues for 2003 second quarter and six months were significantly higher than the 2002 periods due to the service activity and associated first quarter equipment sale in Iraq. Response service revenues were dramatically higher than last year due to our continued involvement in Iraq.

Boots & Coots’ CEO Jerry Winchester said, “We are very pleased with our second consecutive quarter of strong financial performance as we continue to drive growth opportunities and build shareholder value. We remain committed to taking advantage of any and all opportunities to contribute to the expansion and development of the prevention side of our business while sustaining our internationally proven response capabilities as we continue our work in Iraq and other areas around the globe.”

Kirk Krist, Boots & Coots’ Chairman of the Board, stated, “This is an exciting time for our Company as our initiatives and efforts materialize with another positive earnings report this year. It is gratifying to see the fruition of our hard work reflected in this earnings report. Management has stayed on course by focusing on the continued growth of the prevention segment of our business and remains committed to improving our balance sheet. We have confidence in our efforts and are proud of the strides we have made in these endeavors.”


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                            (Table to follow)


              BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.
                       SUMMARY OF OPERATING RESULTS

            Three and Six Months Ended June 30, 2002 and 2003
                               (UNAUDITED)
                 (in thousands except per share amounts)

                                 Three Months Ended      Six Months Ended
                                      June 30,                June 30,
                                   2002       2003        2002       2003

  Revenue                         $3,984     $8,026      $7,994    $18,957

  Income (Loss) Before Interest,
   Taxes, Depreciation and
   Amortization                    ($387)    $2,860        ($51)    $7,132

  Income (Loss) From Continuing
   Operations                    ($1,738)    $1,854     ($1,803)    $5,152

  Income (Loss) From
   Discontinued Operations,
   net of tax                    ($5,422)       ---     ($7,187)       $15

  Net Income (Loss)              ($7,160)    $1,854     ($8,990)    $5,167

  Preferred Dividend
   Requirements and
   Accretion                        $762       $265      $1,592       $997

  Net Income (Loss) Attributable
   to Common Shareholders        ($7,922)    $1,589    ($10,582)    $4,170

  Basic Earnings Income (Loss)
   Per Common Share:
    - Continuing Operations        (0.06)      0.02       (0.08)      0.06
    - Discontinued Operations      (0.13)      0.00       (0.17)      0.00
    - Net Income (loss)            (0.19)      0.02       (0.25)      0.06

  Diluted Earnings Income (Loss)
   Per Common Share:
    - Continuing Operations        (0.06)      0.02       (0.08)      0.05
    - Discontinued Operations      (0.13)      0.00       (0.17)      0.00
    - Net Income (loss)            (0.19)      0.02       (0.25)      0.05

  Weighted Average Common Shares
   Outstanding
    - Basic                       42,180     82,726      41,811     68,125
    - Diluted                     42,180     98,508      41,811     85,546


              BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.

UNAUDITED RECONCILIATION BETWEEN CONSOLIDATED STATEMENT OF OPERATIONS AND EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION

Three and Six Months Ended June 30, 2002 and 2003
                              (in thousands)

                                 Three Months Ended     Six Months Ended
                                      June 30,               June 30,
                                  2002       2003        2002        2003

  Net Income (Loss)             ($7,160)    $1,854     ($8,990)     $5,167

  (Income) Loss from
   Discontinued Operations,
   Net of Income Taxes           $5,422        ---      $7,187        ($15)

  Income Tax Expense               $158       $271        $173        $575

  Interest Expense and Other
   (Income)                        $905       $481      $1,005        $906

  Depreciation and Amortization    $288       $254        $574        $499

  Earnings Before Interest,
   Taxes, Depreciation and
   Amortization                   ($387)    $2,860        ($51)     $7,132


Barry Gross 
Gross Capital, Inc.
Tel: 361-949-4999
FAX: 361-949-0346
EMAIL: InvestorRelations@bncg.com