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News 02/09/2007
    
BOOTS & COOTS REPORTS FIRST QUARTER RESULTS


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Investor Contact:

Jennifer Tweeton
281-931-8884
jtweeton@boots-coots.com


BOOTS & COOTS REPORTS FIRST QUARTER RESULTS
Company Reports Second Consecutive Record Revenue Quarter

HOUSTON, May 5, 2008— Boots & Coots International Well Control, Inc. (Amex: WEL), announced net income of $5.1 million, or $0.07 per diluted share for the first quarter ended March 31, 2008, compared to $0.5 million, or $0.01 per diluted share for the same period last year. Revenues for the quarter were $45.0 million compared to $22.3 million for the first quarter of 2007. EBITDA (earnings before interest, income taxes, depreciation and amortization; see the reconciliation and rationale for this non-GAAP financial measure below) was $9.8 million, or 21.9% of revenues for the quarter compared to $2.7 million, or 12.3% of revenues for the first quarter of 2007.

“Led by two international well intervention projects and higher international response activity, the first quarter generated record revenue for Boots & Coots,” stated Jerry Winchester, president and chief executive officer. “Our well intervention business increased 82% compared to the first quarter of last year, and the utilization rate on our hydraulic workover business increased sequentially from 42% at the end of last year’s fourth quarter to 50% by the end of the first quarter.”

“Our strategic initiatives have helped us increase Boots & Coots’ global presence and integrate the company’s service lines, such as expanding pressure control rental tools into our international locations as well as domestically in North and East Texas,” continued Mr. Winchester. “Additionally, a recovery project in offshore India should help maintain momentum in the well intervention segment in the second quarter.”

Business Segment Results
Well Intervention
For the quarter ended March 31, 2008, the Well Intervention segment generated revenues of $37.9 million and contributed EBITDA of $7.2 million, compared to revenues of $20.8 million and EBITDA of $2.4 million for the first quarter of 2007. The EBITDA margin was favorable due to increased activity partially offset by higher third-party costs associated with two international Safeguard projects.

Response
For the first quarter of 2008, the Response segment generated revenues of $7.1 million and contributed EBITDA of $2.7 million, compared to revenues of $1.4 million and EBITDA of $0.4 million for the first quarter of 2007. During the 2008 first quarter, the Company experienced a higher level of international response activity, primarily in Africa.

Conference Call
Boots & Coots will discuss 2008 first quarter results via a conference call and Webcast tomorrow, May 6, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The dial-in number for the call is 866-831-6272, passcode ‘Boots & Coots’. To listen to the live Webcast, log on to www.boots-coots.com/investor/invest.htm and click on the ‘2008 First Quarter Earnings Webcast’ link. A replay of the Webcast will be available on the investor relations page of the Company’s Website within 24 hours of the call. The call will also be available for replay for 30 days by dialing 888-286-8010, passcode 76022451.

About Boots & Coots
Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. The Well Intervention segment consists of services that are designed to enhance production for oil and gas operators and reduce the number and severity of critical well events such as well fires, blowouts or other losses of control at the well. This segment includes services performed by hydraulic workover and snubbing units and the rental of pressure control tools that are used to enhance production at the wells. The scope of these services also includes prevention services such as training, contingency planning, well plan reviews, audits, inspection services and engineering services offered through our Safeguard programs and services offered in conjunction with our WELLSURE® risk management program. The Response segment consists of personnel, equipment and services provided during an emergency response such as a critical well event or a hazardous material response.

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 www.sec.gov.

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