Three Distinguished Experts Join GX Technology in Key Client Liaison Roles.

Business/Energy Editors & High Tech Writers

HOUSTON--(BUSINESS WIRE)--Oct. 16, 2000

GX Technology Corporation (GXT) announced today that it recently hired three distinguished geophysicists to act as key technical liaisons with its oil company clients. Nick Bernitsas, formerly of ARCO, Lawrence Gochioco, formerly of Conoco's coal division, and Ian Jones, formerly of Compagnie Generale de Geophysique (CGG) will help ensure that GXT's advanced seismic imaging solutions meet the most stringent requirements of its clients.

"We are very pleased to have these highly respected geophysicists on board and in such key positions," said Mick Lambert, president and COO of GX technology Corporation. "Our goal is to consistently meet or exceed client expectations, and each of these new employees will play a critical role in making that happen. They will work closely with our clients to understand their seismic imaging challenges and will team with our technology and services groups to produce the highest-quality solutions for those clients. They will also be responsible for helping to communicate these solutions and GXT's underlying technology to our clients and the industry at large."

Nick Bernitsas recently joined GX Technology's Houston office as Senior Geophysical Advisor. Prior to joining GXT, Bernitsas worked for 10 years in ARCO's research and development department where he was involved in the development and application of tools for seismic imaging, velocity analysis and full waveform modeling. During his last 18 months with ARCO, Bernitsas was assigned to Vastar to guide the development of their depth imaging strategy. Bernitsas holds a Ph.D. in Geophysics from the University of Texas at Austin, an MS in Geophysics from Ohio University, and a BS in Physics from the University of Athens in Greece. He is a member of the SEG.

Ian Jones joins GX Technology in November as Senior Geophysical Advisor for its London-based European operations. Jones was previously the manager of research and development and depth imaging at CGG. During his 15 years of service with CGG, Jones was instrumental in the development of software for depth and time seismic migration and in the application of CGG technology to client projects involving velocity model building, prestack seismic imaging, 3D AVO and 3D tomographic inversion. Jones received a Ph.D. in Geophysics from the University of British Columbia, an M.Sc. in Geophysics from the University of Western Ontario and a B.Sc. in Physics with Geology from Manchester University. Jones has written dozens of technical articles and is a current member of both the SEG and the EAGE.

Lawrence M. Gochioco recently joined GX Technology as Senior Marketing Geophysicist after spending nearly 15 years directing the coal geophysics program for the research and development arm of CONSOL, formerly Conoco Coal. Gochioco's expertise includes the acquisition, processing and interpretation of high-resolution seismic data and other geophysical methods. Gochioco has published nearly a dozen technical papers and articles and serves as a special editor to Geophysics and as an editorial board member for The Leading Edge. Lawrence holds an MS in physics from Ohio University and a BS in physics from Ateneo de Manila University, Philippines. Gochioco is a member of the SEG and the SME.

ABOUT GX TECHNOLOGY CORPORATION

GX Technology is the leading provider of advanced subsurface imaging solutions, focused especially on prestack depth imaging. GXT's innovative technology, close client collaboration and a commitment to quality and turnaround are key to helping its clients significantly reduce the risk and cost of drilling for oil and gas. GX Technology is headquartered in Houston, has service centers in Houston, London and Jakarta and has additional offices in Calgary, Paris and Beijing. Its Web site can be accessed at www.gxt.com.