***Recommends Trico Stockholders Vote FOR
Joseph Compofelice and Ben Guill***
*** Endorses Trico's Existing Special Meeting Provision***
THE WOODLANDS, Texas, June 2, 2009 (GLOBE NEWSWIRE) -- Trico Marine Services,
Inc. (Nasdaq:TRMA) (the "Company" or "Trico") today announced that Glass Lewis
& Co., a leading independent proxy advisory firm, issued a report yesterday
reversing its prior position with respect to Trico's 2009 Annual Meeting of
Stockholders, scheduled for June 10, 2009. Glass Lewis now recommends that
Trico stockholders vote FOR Trico's nominees - Joseph S. Compofelice and Ben A.
Guill.
Trico's Board of Directors unanimously recommends that stockholders vote
AGAINST Kistefos's proposals. Trico urges stockholders to act today to protect
their investment by signing, dating and returning the WHITE proxy card.
Stockholders are advised not to return any proxy cards sent by Kistefos, even
as a protest vote, as only the latest dated proxy card will count in this
critical vote.
If you have questions or need assistance voting your WHITE proxy card please
contact:
MacKenzie Partners, Inc.
105 Madison Avenue
New York, New York 10016
proxy@mackenziepartners.com
Call Collect: (212) 929-5500
or
Toll-Free (800) 322-2885
About Trico Marine Group
The Trico Marine Group is an integrated provider of subsea, trenching and
marine support vessels and services. Trico's towing and supply division
provides a broad range of marine support services to the oil and gas industry
through use of its diversified fleet of vessels including the transportation of
drilling materials, supplies and crews to drilling rigs and other offshore
facilities; towing drilling rigs and equipment, and support for the
construction, installation, repair and maintenance of offshore facilities.
Trico's subsea services and trenching/installation divisions control a well
equipped fleet of vessels and operate a fleet of modern ROVs and trenching and
other subsea protection equipment.. The Trico Marine Group is headquartered in
The Woodlands, Texas and has a global presence with operations in the North
Sea, West Africa, Mexico, Brazil and Southeast Asia as well as the Gulf of
Mexico.
For more information about Trico Marine Services, Inc. visit us on the web at
www.tricomarine.com.
Important Information
In connection with the solicitation of proxies, on May 13, 2009, Trico filed
with the Securities and Exchange Commission (the "SEC") and mailed to
stockholders a definitive proxy statement and a WHITE proxy card for its 2009
annual meeting of stockholders. Trico stockholders are strongly advised to read
these documents as they contain important information. Stockholders may obtain
Trico's proxy statement, a form of WHITE proxy card and any amendments or
supplements and other documents for free at the SEC's website at www.sec.gov.
Copies of Trico's proxy materials will also be available for free at Trico's
website at www.tricomarine.com or by directing a request to Trico Marine
Services, Inc., 10001 Woodloch Forest Drive, Suite 610, The Woodlands, Texas
77380, Attn: Corporate Secretary, or calling (713) 780-9926. In addition,
copies may be requested by contacting, MacKenzie Partners, Inc. at (800)
322-2885 toll-free or by email at proxy@mackenziepartners.com. Trico and its
directors and executive officers may be deemed to be participants in the
solicitation of proxies from stockholders in connection with its 2009 annual
meeting. Detailed information regarding the names, affiliations and interests
of individuals who are deemed participants in the solicitation of proxies is
available in Trico's definitive proxy statement. The contents of the websites
referenced above are not deemed to be incorporated by reference into Trico's
proxy statement.
The Trico Marine Services, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5229
Forward Looking Language
Certain statements in this letter that are not historical fact may be "forward
looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements about the
Company's beliefs and expectations and information concerning possible or
assumed future performance or results of operations, and are not guarantees.
Actual events may differ materially from those projected in any forward-looking
statement. There are a number of important factors involving risks and
uncertainties beyond the control of the Company that could cause actual events
to differ materially from those expressed or implied by such forward-looking
statements. A description of risks and uncertainties relating to Trico Marine
Services, Inc. and its industry and other factors, which could affect the
Company's results of operations or financial condition, are included in the
Company's Securities and Exchange Commission filings. Trico undertakes no
obligation to publicly update or revise any forward-looking statements to
reflect events or circumstances that may arise after the date of this report.
CONTACT: Trico Marine Services, Inc.
For Investors:
Rishi Varma, VP & Chief Administrative Officer
(713) 780-9926
MacKenzie Partners, Inc.
Bob Marese
(212) 929-5500
Joele Frank, Wilkinson Brimmer Katcher
For Media:
Jamie Moser
Marin Kaleya
(212) 355-4449
Glass Lewis Reverses Decision, Supports All Trico Nominees
| Source: Trico Marine Services, Inc.