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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (51966)	9/27/1999 10:43:00 PM
From: stevedhu	Read Replies (2) \| Respond to of 95453

Monday September 27, 8:00 pm Eastern Time Company Press Release Friede Goldman International and Halter Marine Group File Registration Statement and Set Meeting Dates for Merger JACKSON and GULFPORT, Miss.--(BUSINESS WIRE)--Sept. 27, 1999-- Friede Goldman International Inc. (NYSE:FGI - news) and Halter Marine Group, Inc. (AMEX:HLX - news) today announced that the companies have filed a registration statement on Form S-4 with the Securities and Exchange Commission relating to the merger agreement that was announced on June 1, 1999 and whose terms were amended on September 14, 1999. The proxy materials will be mailed to shareholders of Friede Goldman and Halter Marine on or about September 28, 1999, and proxies will be solicited in connection with the special meetings of shareholders. Friede Goldman intends to hold a special meeting of its shareholders on Thursday, October 28, 1999, for the purpose of voting on the proposed merger. The record date for determination of shareholders entitled to notice of such meeting and to vote at the meeting is September 23, 1999. Halter Marine intends to hold a special meeting of its shareholders on Thursday, October 28, 1999, for the purpose of voting on the proposed merger. The record date for determination of shareholders entitled to notice of such meeting and to vote at the meeting is September 23, 1999. Subject to approval by shareholders of both companies as well as other terms and conditions outlined in the registration statement, the closing of the merger is expected to occur on or about November 1, 1999. Friede Goldman is a leading provider of offshore drilling services, including design, engineering, new construction, repair, retrofit, and conversion. The company operates Friede & Goldman, Ltd., a leading naval architecture and marine engineering firm for the offshore drilling market. The company also operates four shipyards in the U.S. and Canada through its subsidiaries Friede Goldman Offshore, and Friede Goldman Newfoundland. The company also designs, manufactures, and markets equipment for the worldwide offshore industry through its subsidiary Brissonneau & Lotz Marine. Halter Marine is the world's foremost provider of design, construction, repair and conversion services for vessels, offshore drilling rigs and engineered products serving the offshore energy industry. Its vessel segment is also a leading provider of small to medium-sized ocean-going vessels for government/military and commercial markets. Halter Marine maintains multiple domestic production facilities and four international joint ventures. The statements contained in this press release that are not historical in nature are forward-looking statements. The forward-looking statements contained herein are based on current expectations and are not guarantees since there are inherent difficulties in predicting future results, and actual results could differ materially from those expressed or implied in the forward-looking statements. These factors include, without limitation, those disclosed in the Form 10-K and 10-Q filings with the Securities and Exchange Commission for Friede Goldman International and Halter Marine Group. Contact: Halter Marine Group John Hastings, 228/897-4987 or Friede Goldman International Natalie Pittman, 601/352-1107 Take Care and Goodnight Steve