American Oilfield Divers relocates corporate headquarters to Houston.HOUSTON--(BUSINESS WIRE)--May 20, 1997--American Oilfield Divers Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DIVE) Tuesday announced that effective immediately, the company's corporate headquarters has relocated to Houston from Lafayette, La. American Oilfield Divers Inc., founded in 1981 by current chairman of the board George C. Yax, is a leading provider of subsea Subsea is a general term frequently used to refer to equipment, technology, and methods employed to explore, drill, and develop oil and gas fields that exist below the ocean floors. This may be in "shallow" or "deepwater". services and related products, including diving, marine construction and environmental services to the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , U.S. West Coast, internationally and to certain U.S. inland customers. The company went public in July 1993 at $9 per share, and following a secondary offering in February 1997, has a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of approximately $121 million. Since its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , AOD See HD DVD. has expanded from primarily a Gulf of Mexico diving company to an international provider of subsea services and related products with revenues of more than $100 million. "We believe the move of our corporate headquarters will benefit all aspects of our company," said Rod Stanley, AOD's president and chief executive officer. "The move allows us to offer a broader base of support for our growing Gulf Services operations; centralize and consolidate some of our developing services, including our engineering and technical services; enhance access to domestic and international clients, investors, shareholders and vendors; and focus more on growing and developing our international and deepwater strategies by attracting key personnel. We will continue our Gulf Services operations at the Port of Iberia, La., and maintain a sales and administrative office in Lafayette for our expanding Gulf of Mexico client base." AOD's corporate headquarters in Houston is 900 Town and Country Lane, Suite 400, Houston, Texas, 77024. The telephone number is 713/430-1100 and fax number is 713/461-4731. The company's contact for financial and trade media, security analysts, investors and shareholders is Gregory A. Rosenstein, manager of investor relations Investor relations The process by which the corporation communicates with its investors. . In addition to its Port of Iberia, La., location, AOD maintains facilities in Harvey and Lafayette, La.; Houston; Oxnard, Calif.; Kansas City, Kan.; Columbus, Ohio; Lagos and Port Harcourt, Nigeria; Aberdeen, Scotland; and Vancouver, Canada. The company is currently looking at expansion opportunities in Perth, Western Australia This article is about the metropolitan area of Perth, Western Australia. For the local government area, see City of Perth. Perth is the capital of the Australian state of Western Australia. , through its recently announced agreement in principle to acquire all the assets of Contract Diving Services, Pty., Ltd. and its affiliates. CONTACT: American Oilfield Divers Inc. Greg Rosenstein, Cathy Green, 713/430-1100 |
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