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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Broken_Clock who wrote (36557)2/2/1999 5:46:00 PM
From: Platter  Read Replies (1) of 95453
 
For you VTS holders......Veritas Acquires Time Seismic Exchange
Ltd.

HOUSTON--(BUSINESS WIRE)--Feb. 2, 1999--Veritas DGC Inc.
announced today the completion of its acquisition of the parent
company of Time Seismic Exchange Ltd. ("Time Seismic" or "Time"), a
Canadian seismic data library company.
Time Seismic will continue to operate as a separate business unit
under the leadership of Richard Earle. Time will continue to build its
growing library of non-exclusive 2D and 3D seismic data for customers
in Canada.
Time Seismic owns over 3,800 kilometers of 2D data in the Western
Canadian basin. Time will be adding an additional 225 kilometers of 2D
data to its latest library program.
Veritas DGC Inc., (NYSE&TSE:VTS) headquartered in Houston, is a
leading provider of land, transition zone and marine-based seismic
data acquisition, seismic data processing, and multiclient data sales
to the petroleum industry. Veritas operates seven divisions in
selected markets worldwide and, based on revenue, is the fifth largest
geophysical services provider.
For additional information, contact:
Rene VandenBrand Richard Earle
Veritas DGC Inc. Time Seismic Exchange Ltd.
713/512-8830 403/262-9732
--30--JS/np*
CONTACT: Veritas DGC Inc.
Rene VandenBrand, 713/512-8830
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