Boots & Coots Increases 2006 Guidance; Company to Report Third Quarter Earnings on November 8
HOUSTON, Oct. 23 /PRNewswire-FirstCall/ -- Boots & Coots International
Well Control, Inc. (Amex: WEL), the premier pressure control company for the
oil and gas industry, today increased revenue guidance for the year ending
December 31, 2006. The company believes revenues for its Well Intervention
segment will be $65 million to $67 million, which is 8% to 12% higher than the
$60 million estimate given on August 8. The Company also reported that it
expected to benefit from a strong third quarter in its Response segment as
well.
'We have been highly successful in integrating and enhancing our pressure
control services,' stated Jerry Winchester, President and Chief Executive
Officer. 'The strategic value of our expanded service capability is being
demonstrated by our customers' support worldwide, and we have been able to
successfully leverage our business development capabilities across all
segments of our business. The growth strategy for our consolidated pressure
control business is on track, and we have also seen a significant increase in
response activity during this quarter. With the continued strength of our Well
Intervention segment and the added response activity, we anticipate a very
strong quarter.'
The company will hold its quarterly conference call to discuss third
quarter results and other operational highlights on Wednesday, November 8, at
10:00 a.m. Central Time (11:00 a.m. Eastern Time). Boots & Coots will release
third quarter results after market close on November 7. A copy of the
company's press release and any other financial information about the period
to be presented will be available at the Investor Relations section of the
company's Website.
The dial-in number for the call is 800-320-2978, passcode 'Boots & Coots'.
To listen to the live Webcast, log on to
http://www.bncg.com/investor/invest.htm and click on the 2006 Third 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 62669787.
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 as well as hydraulic
workover/snubbing and hot tapping services around the world. Boots & Coots'
proprietary risk management program, WELLSURE(R), 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.boots-coots.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 .
Investor Contact: Jennifer Tweeton
VOLLMER
713-970-2100
jennifert@vollmerpr.com
Stan Altschuler / Richard Cooper
Strategic Growth International
212-838-1444
info@sgi-ir.com
SOURCE Boots & Coots International Well Control, Inc.
