HOUSTON, Nov. 15, 2007 (PRIME NEWSWIRE) -- In a release issued earlier under the same headline, please note that amounts entered in the three months 2007 column (the third column) of the table "Reconciliation of EBITDA," are incorrect due to an error in the entering of the amount for "Plus: interest expense, net of capitalized interest"; this number should have been 67 rather than 678 which affected the totalling amounts in the same column. The corrected table follows:
SUPERIOR OFFSHORE INTERNATIONAL, INC. & SUBSIDIARIES
Reconciliation of EBITDA
Nine Months Ended Three Months Ended
September 30, September 30,
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2007 2006 2007 2006
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(dollars in thousands)
Net income (loss) $ (1,038) 37,711 3,564 13,666
Plus: interest expense, net of
capitalized interest 204 715 67 299
Plus: depreciation and
amortization 4,575 2,235 2,183 780
Plus: loss on extinguishment
of debt 3,851 -- -- --
Plus: provision for income taxes (570) 21,056 1,978 8,007
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EBITDA 7,022 61,717 7,792 22,752
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Plus: stock compensation expense 5,488 -- 3,259 --
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Adjusted EBITDA $ 12,510 61,717 11,051 22,752
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