Boots & Coots Prices Common Stock Offering.HOUSTON -- Boots & Coots COOTS Conference on Object-Oriented Technologies and Systems International Well Control, Inc. (AMEX AMEX See: American Stock Exchange :WEL wel: see catfish. ), announced today that it has priced a public offering of 26.0 million shares of its common stock at $2.10 per share (before underwriting discounts and commissions), 13.0 million shares of which are being sold by Boots & Coots and 13.0 million shares of which are being sold by Oil States Energy Services, Inc. The underwriters may also purchase up to 3.9 million additional shares of common stock, 1.95 million shares from each of Boots & Coots and Oil States, to cover over-allotments. The offering is expected to close on April 24, 2007. Boots & Coots will not receive any proceeds from the sale of shares by Oil States. Boots & Coots intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering to fund international expansion opportunities in Algeria, other U.S. and international expansion opportunities and for general corporate purposes. Morgan Keegan & Company, Inc. acted as sole book-running manager of the offering and RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
The offering is made only by means of a prospectus, copies of which may be obtained from Morgan Keegan & Company, Inc., Fifty Front Street, 19th Floor, Memphis, TN 38103 (phone number: 800-366-7426 or fax number: 901-579-4355). This press release does not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of such common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Boots & Coots Boots & Coots International Well Control, Inc., Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. The Well Intervention A well intervention, or 'well work', is an activity involving maintenance, modification, repair or completion of an oil or gas well. Types of well work Pumping
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements made in this press release that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections. These forward-looking statements are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. These forward-looking statements include, without limitation, anticipated uses of proceeds from the offering. Actual results could differ materially from those expressed or implied by these forward-looking statements as a result of various factors, including, but not limited to, the various risks described in the "Risk Factors" section and elsewhere in the registration statement on Form S-3 that the Company has filed with the Securities and Exchange Commission related to this offering. Boots & Coots undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. |
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