HOUSTON, June 17 /PRNewswire-FirstCall/ -- Universal Compression Holdings,
Inc. (NYSE: UCO) announced today the appointment of Lisa W. Rodriguez to its
Board of Directors. Ms. Rodriguez is Vice President, Finance and Accounting,
at Weatherford International, Inc. The Company also announced the resignation
of Curtis W. Huff as a director of the Company. Mr. Huff is President, Chief
Executive Officer and Director of Grant Prideco, Inc. and former Executive
Vice President, Chief Financial Officer and General Counsel of Weatherford
International, Inc.
"We appreciate the guidance from Curtis during a period of significant
organizational integration," said Stephen A. Snider, Universal's President and
Chief Executive Officer, "and are pleased about the addition of Lisa to our
Board as we seek new opportunities." Mr. Huff joined the Board in February
2000 when the Company acquired Weatherford Global Compression Services, L.P.,
the gas compression business of Weatherford International, Inc. Ms.
Rodriguez, a Certified Public Accountant, assumed her post this month and her
term will expire at the 2002 annual meeting of Universal's stockholders. The
size of the Company's Board of Directors remains at nine.
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,
the demand for Universal's products and services and worldwide economic and
political conditions. 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, Vice President, Investor Relations and Planning of Universal Compression Holdings, Inc., +1-713-335-7460
NOTE TO EDITORS: Photo of Lisa W. Rodriguez is available from company contact.
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