HOUSTON, Dec. 7, 2007 (PRIME NEWSWIRE) -- Superior Offshore International, Inc. (Nasdaq:DEEP) today announced the appointment of Jean-Pierre Fontanille to the Company's global management team.
Fontanille was named Senior Vice President - Middle and Far East/Africa. He is based in Superior's recently opened office in Dubai, U.A.E., and is responsible primarily for operations but will also be involved in marketing for the region.
"Jean-Pierre will play an important role at Superior Offshore as we continue to re-focus the Company toward international and deepwater opportunities," said Jim Mermis, President and Chief Executive Officer. "We see a lot of opportunities in the Middle East, Far East and Africa, and Jean-Pierre's many years of experience in these markets will be a tremendous asset as we move forward in our strategic repositioning of the Company."
Fontanille has more than 30 years' experience in the global subsea market in the Middle East, West Africa and Southeast Asia. He previously worked in general management and business development with Stolt Comex Seaway and Gulmar Offshore Middle East. He reports to Mermis.
About Superior Offshore International, Inc.
Superior Offshore International is a leading provider of subsea construction and commercial diving services to the offshore oil and gas industry, serving operators internationally and domestically in the outer continental shelf of the U.S. Gulf of Mexico. Construction services include installation, upgrading and decommissioning of pipelines and production infrastructure. Commercial diving services include inspection, maintenance and repair services and support services for subsea construction and salvage operations. The company also operates a construction/fabrication division. Superior Offshore operates a fleet of 11 service vessels and provides remotely operated vehicles (ROVs) and saturation diving systems for deepwater and harsh environment operations.
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Forward-Looking Statements
Certain statements contained in this news release are forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements include information concerning our possible or assumed future business and financial performance and results of operations, including statements regarding projected 2007 revenues; expected drydocking schedules and the dates vessels and equipment will be placed in service; expectations regarding demand for our services, operating revenues and other matters with regard to the outlook of our business and industry; our strategy, including the expansion and growth of our operations; and our plans, expectations and any effects of expanding our deepwater capabilities and pursuing international growth opportunities. We have based these statements on our assumptions and analyses in light of our experience and perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate in the circumstances. Forward-looking statements by their nature involve substantial risks and uncertainties that could significantly affect expected results, and actual future results could differ materially from those described in such statements. Although it is not possible to identify all factors, we continue to face many risks and uncertainties. Some of the factors that could cause actual future results to differ materially are described under the caption "Risk Factors" in our Prospectus, dated April 19, 2007 and filed with the Securities and Exchange Commission on April 20, 2007, which may be obtained by visiting the Investor Relations section of our website under "Financial Information" at www.superioroffshore.com or from the SEC's website at www.sec.gov.