HOUSTON--(BUSINESS WIRE)--April 3, 2007--Hanover Compressor
Company (NYSE:HC), a global market leader in full service natural gas
compression and a leading provider of service, fabrication and
equipment for oil and natural gas production, processing and
transportation applications, will be presenting at the Howard Weil
35th Annual Energy Conference on Wednesday, April 4 in New Orleans.
John Jackson, President and Chief Executive Officer, will be
presenting on Wednesday, April 4, 2007 at 2:40 p.m. Eastern.
The presentation will not be webcast; however, the presentation
slides will be made available on the company's website at
www.hanover-co.com immediately after the presentation.
About Hanover Compressor Company
Hanover Compressor Company (NYSE:HC) is a global market leader in
full service natural gas compression and a leading provider of
service, fabrication and equipment for oil and natural gas production,
processing and transportation applications. Hanover sells and rents
this equipment and provides complete operation and maintenance
services, including run-time guarantees for both customer-owned
equipment and its fleet of rental equipment. Founded in 1990 and a
public company since 1997, Hanover's customers include both major and
independent oil and gas producers and distributors as well as national
oil and gas companies. More information can be found on the Internet
(www.hanover-co.com).
Forward-looking Statements
Certain matters discussed in this presentation are
"forward-looking statements" intended to qualify for the safe harbors
established by the Private Securities Litigation Reform Act of 1995
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements can generally be identified as such
because of the context of the statement or because the statement
includes words such as "believes," "anticipates," "expects,"
"estimates," or words of similar import. Similarly, statements that
describe Hanover's future plans, objectives or goals or future
revenues or other financial measures are also forward-looking
statements. Such forward-looking statements are subject to risks and
uncertainties that could cause our actual results to differ materially
from those anticipated as of the date the statements were made. These
risks and uncertainties include, but are not limited to: our inability
to renew our short-term leases of equipment with our customers so as
to fully recoup our cost of the equipment; a prolonged substantial
reduction in oil and natural gas prices, which could cause a decline
in the demand for our compression and oil and natural gas production
and processing equipment; reduced profit margins or the loss of market
share resulting from competition or the introduction of competing
technologies by other companies; changes in economic or political
conditions in the countries in which we do business, including civil
uprisings, riots, terrorism, the taking of property without fair
compensation and legislative changes; changes in currency exchange
rates; the inherent risks associated with our operations, such as
equipment defects, malfunctions and natural disasters; governmental
safety, health, environmental and other regulations, which could
require us to make significant expenditures; our inability to
implement certain business objectives, such as international expansion
(including our ability to timely and cost-effectively execute projects
in new international operating environments), integrating acquired
businesses, generating sufficient cash, accessing capital markets,
refinancing existing or incurring additional indebtedness to fund our
business, and executing our exit and sale strategy with respect to
assets classified on our balance sheet as assets held for sale; risks
associated with any significant failure or malfunction of our
enterprise resource planning system and our inability to comply with
covenants in our debt agreements and the decreased financial
flexibility associated with our substantial debt. A discussion of
these and other factors is included in the Company's periodic reports
filed with the Securities and Exchange Commission.
Additional Information
In connection with the proposed merger, a registration statement
of the new company, Iliad Holdings, Inc., which includes proxy
statements of Universal Compression Holdings, Inc. and Hanover
Compressor Company, and other materials, has been filed with the
Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE
URGED TO CAREFULLY READ THE REGISTRATION STATEMENT AND THE PROXY
STATEMENT/PROSPECTUS AND THESE OTHER MATERIALS REGARDING THE PROPOSED
MERGER, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT UNIVERSAL,
HANOVER, ILIAD HOLDINGS AND THE PROPOSED TRANSACTION. Investors and
security holders may obtain a free copy of the registration statement
and the proxy statement/prospectus and other documents containing
information about Universal and Hanover, without charge, at the SEC's
web site at www.sec.gov, Universal's web site at
www.universalcompression.com, and Hanover's web site at
www.hanover-co.com. Copies of the registration statement and the proxy
statement/prospectus and the SEC filings that will be incorporated by
reference therein may also be obtained for free by directing a request
to either Investor Relations, Universal Compression Holdings, Inc.,
713-335-7000 or to Investor Relations, Hanover Compressor Company,
832-554-4856.
Participants in Solicitation
Hanover Compressor Company and Universal Compression Holdings,
Inc. and their respective directors, officers and certain other
members of management may be deemed to be participants in the
solicitation of proxies from their respective stockholders in respect
of the merger. Information about these persons and their interests in
the solicitation of proxies in respect of the merger has been included
in the registration statement of Iliad Holdings, Inc. and the joint
proxy statement/prospectus filed with the SEC in connection with the
proposed transaction.
CONTACT: Investor Relations Inquiries:
Stephen York, 832-554-4856
Vice President, Investor Relations and Technology
syork@hanover-co.com
SOURCE: Hanover Compressor Company