
HOUSTON (July 9, 2004) — Boots & Coots International
Well Control, Inc. (Amex: WEL), reported today that the Company
reached a quorum and the shareholders approved the Company’s
proposed 2004 Long-Term Incentive Plan and a proposed amendment
to increase the shares available for issuance under the Company’s
Non-employee Director Stock Option Plan, with more than 68% of
the shares present and entitled to vote on the proposals voting
favorably.
“We believe that equity-based compensation plans are
necessary and useful devices to assist us in attracting, retaining,
and motivating employees and others critical to our future
success, while also aligning their interests with those of
our shareholders, and we appreciate our shareholders for realizing
this and approving these proposals,” said Kirk Krist,
Chairman of the Board.
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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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