HOUSTON, Jan. 23 /PRNewswire-FirstCall/ -- Universal Compression Holdings,
Inc. (NYSE: UCO) announced today it will release financial results for its
fiscal 2002 third quarter late on Monday, January 28, 2002. The Company will
broadcast a conference call to discuss the quarter's results and other
corporate matters over the Internet at 11:00 a.m. Eastern Time on Tuesday,
January 29, 2002. To listen to the live Webcast, go to
http://www.universalcompression.com (click "Company Overview" in the "Company
Information" section) or http://www.videonewswire.com/event.asp?id=2893 at
least 15 minutes prior to the start of the call. The conference call will be
archived through Tuesday, February 5, 2002 on the Web site
www.universalcompression.com and at http://www.prnewswire.com . Both the live
broadcast and replay of the archived version are free of charge to the user.
The technical requirements to listen to the broadcast are either
RealPlayer(R) or Microsoft(R) Windows Media(TM) software and a minimum
28.8 Kbps connection to the internet. Both RealPlayer(R) and Microsoft(R)
Windows Media(TM) can be downloaded free from
http://www.vdat.com/download_players . If you experience problems listening
to the broadcast, send an email to isproducers@prnewswire.com .
The Company also announced the reduction in the size of its Board of
Directors from eleven to nine with the resignations of John K. Castle and C.
Kent May as directors of the Company. Both directors joined the Board in 1998
when Castle Harlan Partners III, L.P. a private investment fund managed by
Castle Harlan, Inc., a merchant banking firm, acquired our business. "We
appreciate the contributions and advice of these retiring directors," said
Stephen A. Snider, Universal's President and Chief Executive Officer. "With
guidance from John and Kent we have significantly enhanced the Company's
operational capabilities and performance."
Mr. Castle is Chairman of Castle Harlan, Inc. In late 2001, Castle Harlan
Partners III, L.P. distributed its Company common stock ownership to its
partners. This distribution reduced the ownership position of Castle Harlan
Partners III, L.P. to less than five percent of the outstanding Company common
stock. Mr. May is Senior Vice President, General Counsel, Secretary and a
Director of Anchor Glass Container Corporation. He is also a member of the
Pittsburgh law firm of Eckert Seamans Cherin & Mellott, L.L.C.
Universal Compression, headquartered in Houston, Texas, is a leading
natural gas compression services company, providing a full range of contract
compression, sales, operations, maintenance and fabrication services to the
domestic and international natural gas industry.
Statements about Universal's outlook and all other statements in this
release other than historical facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements rely on a number of assumptions concerning future
events and are subject to a number of uncertainties and factors, many of which
are outside Universal's control, which could cause actual results to differ
materially from such statements. While Universal believes that the
assumptions concerning future events are reasonable, it cautions that there
are inherent difficulties in predicting certain important factors that could
impact the future performance or results of its business. Among the important
factors that could cause actual results to differ materially from those
indicated by such forward-looking statements are integration of acquisitions
and the demand for Universal's products and services. These and other risk
factors are discussed in Universal's filings with the Securities and Exchange
Commission, copies of which are available to the public. Universal expressly
disclaims any intention or obligation to revise or update any forward-looking
statements whether as a result of new information, future events, or
otherwise.
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SOURCE Universal Compression Holdings, Inc.
Web site: http: //www.universalcompression.com
Photo: NewsCom: http: //www.newscom.com/cgi-bin/prnh/20011008/UCOLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
Company News On-Call: http: //www.prnewswire.com/comp/157369.html
CONTACT: David Oatman, Director, Investor Relations of Universal Compression Holdings, Inc., +1-713-335-7460
Audio: http: //www.videonewswire.com/event.asp?id=2893
CAPTION: UCOLOGO UNIVERSAL COMPRESSION HOLDINGS LOGO Universal, headquartered in Houston, Texas, is a leading natural gas compression services company, providing a full range of contract compression, sales, operations, maintenance and fabrication services to the domestic and international natural gas industry. (PRNewsFoto)[TK] HOUSTON, TX USA 10/08/2001