HOUSTON, Nov. 21 /PRNewswire-FirstCall/ -- On November 21, 2005, The Board
of Directors of Cal Dive International, Inc. (Nasdaq: CDIS) declared a two-
for-one split of the Company's common stock. Holders of record as of the
close of business on December 1, 2005 will be entitled to one additional
common share for each common share held on that date. The Company's transfer
agent, Wells Fargo Shareowner Services, will distribute the shares on or about
December 8, 2005.
Owen Kratz, Cal Dive's Chairman and Chief Executive Officer, stated, "This
stock split, our second in the last five years, should further improve the
liquidity of our stock and make our shares available to a larger and more
varied group of investors. Our Board of Directors' decision to split the
stock is a strong indication of the confidence we have in the growth
opportunities for our business."
Cal Dive International, Inc., headquartered in Houston, Texas, is an
energy service company which provides alternate solutions to the oil and gas
industry worldwide for marginal field development, alternative development
plans, field life extension and abandonment, with service lines including
marine diving services, robotics, well operations, facilities ownership and
oil and gas production.
This press release contains forward-looking statements that involve risks,
uncertainties and assumptions that could cause our results to differ
materially from those expressed or implied by such forward-looking
statements. All statements, other than statements of historical fact, are
statements that could be deemed "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995, including,
without limitation, any projections of revenue, gross margin, expenses,
earnings or losses from operations, or other financial items; any statements
of the plans, strategies and objectives of management for future operations;
any statement concerning developments, performance or industry rankings
relating to services; any statements regarding future economic conditions or
performance; any statements of expectation or belief; and any statements of
assumptions underlying any of the foregoing. The risks, uncertainties and
assumptions referred to above include the performance of contracts by
suppliers, customers and partners; employee management issues; complexities of
global political and economic developments, and other risks described from
time to time in our reports filed with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year ending
December 31, 2004. We assume no obligation and do not intend to update these
forward-looking statements.
SOURCE Cal Dive International, Inc.
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Related links:
http://www.caldive.com
CONTACT:
Wade Pursell, Chief Financial Officer of Cal
Dive International, Inc., +1-281-618-0400, or fax,
+1-281-618-0505
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