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HOUSTON, Texas November 9, 2004 - Boots & Coots International Well Control, Inc. (Amex: WEL), a global prevention, emergency response and restoration company for the oil and gas industry, reported today that revenues for the third quarter ended September 30, 2004 were $3.3 million, compared with revenues of $8.1 million for the same period of 2003.

The Company's loss from continuing operations was $1.3 million for the third quarter (prior year $0.5 million income), resulting in a net loss for the quarter of $1.3 million (prior year $0.8 million income). After deducting preferred stock dividends, net loss attributable to Common Shareholders was $1.6 million for the current period compared to $0.7 million income for the 2003 three-month period. Basic and diluted loss per share was each $0.05 and $0.05, respectively, as compared to income of $0.03 and $0.03, respectively, for the three-month comparable period. Earnings before interest, taxes, depreciation and amortization (EBITDA) were negative $0.5 million in the current period compared to positive $2.2 million in the same period for the prior year.

For the nine months ended September 30, 2004, revenues were $14.7 million as compared with revenues of $27.0 million for the same period a year ago. In the current nine-month period EBITDA was $1.5 million as compared to $9.3 million in the prior period.

The Company's loss from continuing operations was $0.8 million for the current nine-month period (prior period $5.6 million income) and its loss from discontinued operations was $0.025 million (prior period $0.4 million income), resulting in a net loss of $0.8 million (prior period $6.0 million net income). After deducting preferred stock dividends, net loss attributable to Common Shareholders was $1.4 million for the nine months ended September 30, 2004, versus a net income of $4.9 million for the 2003 nine-month period. Basic loss per share was $0.05 as compared to income of $0.24 for the nine-month comparable period. Diluted loss per share was $0.05 as compared to income of $0.24 for the nine-month comparable period.

"During the quarter, we entered into two international SafeGuard agreements," stated Jerry Winchester, Chief Executive Officer. "We estimate that our revenues under these contracts will be approximately $23 million over the next five years. The Company has not earned any of this revenue through September 30, 2004, but we anticipate some fourth quarter revenues and a full year of these revenues in 2005. Along with our base revenues in WELLSURE®, engineering and our other SafeGuard agreements, our Prevention Segment revenues are estimated to be in 2005 approximately $15 million. This will help provide a steady income stream and bring exceptional returns if response activity is high."

Operational highlights include:

• Prevention revenues were $1.9 million and $6.3 million for the third quarter and nine months, respectively. During the third quarter, the Company secured two major SafeGuard contracts worth approximately $23 million over the next five years.
• Response revenues were $1.4 million and $8.4 million for the third quarter and nine months, respectively.
• At September 30, the Company reported working capital of $3.0 million and long-term debt of $5.9 million.
• Shareholders' Equity improved $0.175 million, from $0.380 million at December 31, 2003.

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