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NEWS
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December 17, 2003
 Boots & Coots
Provides Update on Wellsure® Canada< Previous Page  |
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Investor
Contact:
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Jennifer
Tweeton VOLLMER 713-970-2100 jennifert@vollmerpr.com |
Rob Schatz/Richard
Cooper Strategic Growth International 212-838-1444 info@sgi-ir.com |
This growth supports the company’s business strategy to expand its prevention services both domestically and abroad. The company is currently providing prevention services under the WELLSURE® or SafeGuard brands in the US, Canada, Venezuela, Algeria and Kazakhstan. “WELLSURE® has been very well received in the Canadian market,” said Bob Pollock, P.E., Director of Marketing for the company’s Canadian operation. “Companies immediately recognize the value our program brings to their operations by ensuring higher safety standards. We are actively engaged in developing several other near-term contracts in Canada.” “While our Canadian WELLSURE® contracts are not yet financially material as compared to our total prevention operations, they reflect an important industry trend and underline our success in pursuing non-event related business,” commented Jerry Winchester, Chief Executive Officer of Boots & Coots. “It’s a win-win partnership. Our customers incur less risk of a critical well control event and we realize a steady, recurring revenue stream. Successful entrance into the Canadian market is just one of many milestones the company has accomplished this year that have expanded our operations and our prospects.” |
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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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