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To: Kavika who wrote (87453)2/16/2001 12:52:04 PM
From: Razorbak  Read Replies (1) | Respond to of 95453
 
WEL

It might revisit $5.00, but it'll probably take awhile. I wouldn't worry too much about insider selling at $1.75 last spring because the company got a completely new balance sheet at the beginning of this year.

Razor



To: Kavika who wrote (87453)2/17/2001 12:53:49 AM
From: Razorbak  Read Replies (2) | Respond to of 95453
 
"Boots & Coots (AMEX:WEL) Fights Gas Fire in Mississippi"

Friday February 16, 4:33 pm Eastern Time
Press Release
SOURCE: Boots & Coots International Well Control, Inc.

HOUSTON, Feb. 16 /PRNewswire/ -- Boots & Coots International Well Control, Inc. (Amex: WEL - news), is currently fighting a large gas well fire near Waynesboro, Mississippi for Bean Resources Inc. The blowout occurred on February 13, 2001 and Boots & Coots firefighters and environmental crews were immediately dispatched. The well is currently on fire and the rig and associated debris are being moved in order to cap the well. It is estimated that it will take 10 to 14 days to bring the well under control and for safety reasons the well will be capped without extinguishing the fire. There have been no injuries reported at this time.

Boots & Coots President and Chief Operating Officer Jerry Winchester, stated, ``We have utilized this capping on fire process extensively over the last several years in order to minimize the environmental impact and help reduce the amount of time we have people exposed to the extremely dangerous conditions around the wellhead.''

To ensure public health and safety, it was necessary to evacuate a two mile radius around the well. Boots and Coots is presently conducting air monitoring under the oversight of Mississippi Department of Environmental Quality (MDEQ) and the United States Environmental Protection Agency (USEPA). Bean Resources has made provisions for those evacuated and a hot line has been established at (800) 441-MEMA. Boots and Coots personnel continue to work closely with Federal, State and local authorities to ensure all necessary precautions are taken with respect to both well site and public safety.

Boots & Coots International Well Control, Inc., Houston, Texas, is the global emergency response company that specializes, through its Well Control unit, as an integrated, full-service, emergency-response company with the in- house ability to provide its expanded full-service prevention, response and restoration capabilities to the global needs of the oil and gas and petrochemical industries, including but not limited to, oil and gas well blowouts and well fires as well as providing a complete menu of non-critical well control services. Through its Special Services unit, the Company continues to respond to marine oil spills and emergencies, refinery, pipeline, manufacturing and transportation emergencies, inclusive of hazardous material handling.

Forward-looking statements contained in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties which may cause actual results to differ from anticipated results, including risks associated with the timing and development of, and market acceptance of, the Company's services and products as well as risks of downturns in economic conditions generally, risks associated with competition and competitive pricing pressures, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including its latest Form 10-K at December 31, 1999.

Company Contact: Jerry Winchester
Boots & Coots Group
713-621-7911

Dominique Kasischke
Boots & Coots Group
713-621-7911

Investor Contact: Barry Gross
Gross Capital Associates
361-949-4999

Laurence Alpert
Columbine Financial
303-721-9990

SOURCE: Boots & Coots International Well Control, Inc.


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