
HOUSTON, October 1, 2003 -- Boots & Coots International Well
Control, Inc. (AMEX:WEL), is pleased to announce today that it
has added two new members to its Board of Directors. The addition
of Mr. Robert S. Herlin and Mr. E. J. (Jed) DiPaolo brings the
Company’s total current Board membership to five.
Mr. Herlin is President and CEO of Natural Gas Systems, Inc.,
an independent oil and gas operating company focused on re-developing
mature fields, and a partner with Tatum Partners, a provider
of contract executive management to companies requiring a higher
level of expertise for issues such as rapid growth, initial
public offerings, strategic changes and financial distress.
Mr. Herlin formerly served as CFO for Intercontinental Tower
Corporation and was CEO / CFO for Benz Energy Inc., a publicly-held
oil and gas company focused on high risk, 3D seismic-based
exploration on the Gulf Coast of the United States. Mr. Herlin
brings a strong background in finance, strategic planning,
mergers and acquisitions.
Mr. DiPaolo is currently an Energy Partner with Growth Capital
Partners, L.P. From 1976 to 2002, Mr. DiPaolo was with Halliburton
Company, most recently as Group Senior Vice President of Global
Business Development. Mr. DiPaolo was part of a four-man transition
team responsible for integrating Halliburton Energy Services
with Dresser Industries to form the industry’s largest
oilfield service company. Mr. DiPaolo is also an owner and
partner in Orbis Oil & Gas, an independent oil company
operating in Texas.
Mr. Herlin and Mr. DiPaolo join current outside director Mr.
W. Richard Anderson as well as Mr. Jerry Winchester, President
and Chief Executive Office of the Company and Mr. K. Kirk Krist,
Chairman of the Board. Mr. Anderson will continue to serve
as the chairman of the Company’s audit committee which
will now also include Mr. Herlin and Mr. DiPaolo.
Mr. Anderson, the President and Chief Financial Officer of
Prime Natural Resources, Inc., formerly served as the Managing
Partner for the Houston Office of Hein & Associates, LLP,
a nationally recognized CPA firm focused on mergers and acquisitions.
Prior to joining Boots and Coots in 1998, Mr. Winchester served
as the Global Product Manager for Halliburton Energy Services’ Well
Control, Hydraulic Workover, Coil Tubing and Nitrogen Product
Service Lines. Mr. Krist’s background is as an independent
businessman focused on the acquisition and trading of oil and
gas properties. He has been a self-employed venture capitalist
in the oil and gas industry since 1982.
Mr. Krist said, "We are extremely excited about the wealth
of knowledge and expertise brought to our Board with the additions
of Mr. Herlin and Mr. DiPaolo. Boots and Coots has come a long
way over the last year and I am proud that we are able to bring
in this caliber of industry leadership for our shareholders.”
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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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