Offshore Logistics, Inc. Announces Results of Union Vote.Business Editors LAFAYETTE, La.--(BUSINESS WIRE)--March 13, 2000 Offshore Logistics, 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 :OLOG OLOG Our Lady of Guadalupe ), issued the following statement by George M. Small, President. "Today, the National Mediation Board The National Mediation Board is a three-person board created in 1934 by an act amending the Railway Labor Act (45 U.S.C.A. §§ 151–158, 160–162, 1181–1188) to resolve disputes in the railroad and airline industries that could disrupt travel or imperil the held a ballot count in a union representation election related to the maintenance personnel of the Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Air Logistics, L.L.C. The Office and Professional Employees International Union The Office and Professional Employees International Union (OPEIU) is a United States labor union representing more than 150,000 white-collar workers in the public and private sector in the United States. petitioned the Board in November to hold this election. A majority of our maintenance employees have voted against union representation. Out of 217 eligible voters, 100 cast ballots in favor of a union. We are extremely pleased that our employees have elected to continue dealing directly with the management of Air Logistics, L.L.C. in addressing work place issues." Air Logistics, L.L.C., one of the largest suppliers of helicopter transportation services to the oil and gas industry in the 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 , remains committed to providing the highest standards of service, safety and reliability to its customers. Offshore Logistics, Inc. is a major provider of helicopter transportation services to the oil and gas industry worldwide. Through its subsidiaries, affiliates and joint ventures, the Company provides transportation services in most oil and gas producing regions including the United States Gulf of Mexico, the North Sea, Africa, Mexico, South America, Australia, Egypt and the Far East. The Company's Common Stock is traded on the NASDAQ Stock Exchange under the symbol OLOG. Statements contained in this press release that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements contained in this press release include the possibility that union organizers, may, at a future date (within Federal guidelines) petition the National Mediation Board for recognition and representation. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings, including but not limited to the Company's report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended March 31, 1999 and the Company's report on Form 10-Q Form 10-Q See 10-Q. for the quarters ended June 30, 1999, September 30, 1999 and December 31, 1999. Copies of these may be obtained by contacting the Company or the SEC. |
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