Offshore Logistics, Inc. Announces Corporate Name Change to Bristow Group Inc.
01 Fevereiro 2006 - 12:26PM
Business Wire
Offshore Logistics, Inc. (NYSE:OLG), a leading provider of
helicopter services and production management services to the
offshore energy industry, announced today that it has changed its
corporate name to Bristow Group Inc. In conjunction with this
corporate name change, the Company also is changing its common
stock symbol on the New York Stock Exchange to "BRS" effective
Monday, February 6, 2006. The Company currently operates under the
brand names of Air Logistics and Bristow Helicopters for its
helicopter services and Grasso Production Management for its
production management services. These brands will continue to be
used in their respective markets alongside the new Bristow name and
logo because of their strong customer recognition and association
with a heritage of excellence in safety and service. William E.
Chiles, President and Chief Executive Officer said, "We are
rebranding the Company as Bristow Group Inc. as a way of outwardly
expressing the internal changes we have been making over the past
year to build a more unified service organization. These changes
will help us expand our global reach involving the strategic
allocation of assets and capital, as well as modernize and
standardize our business practices and operations worldwide. In
addition, we want to ensure that best practices and the highest
standards of safety, excellence and business integrity are the
hallmark of our global organization." Chiles added, "We are
confident that our One Mission, One World, One Team approach will
help us better serve our customers throughout the world." Bristow
Group Inc., formerly Offshore Logistics, Inc., is a major provider
of helicopter services to the oil and gas industry worldwide.
Through its subsidiaries, affiliates and joint ventures, the
Company provides transportation services in most oil and gas
producing regions including the U.S. Gulf of Mexico and Alaska, the
North Sea, Africa, Mexico, South America, Australia, Russia, Egypt
and the Far East. Additionally, the Company is a leading provider
of production management services for oil and gas production
facilities in the U.S. Gulf of Mexico. The Company's Common Stock
currently trades on the New York Stock Exchange under the symbol
OLG, but will trade under the symbol BRS beginning February 6,
2006. Forward-Looking Statements Disclosure Statements contained in
this news release that state the Company's or management's
intentions, hopes, beliefs, expectations or predictions of the
future are forward-looking statements. It is important to note that
the Company's actual results could differ materially from those
projected in such forward-looking statements. Additional
information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is
contained from time to time in the Company's SEC filings, including
but not limited to the Company's annual report on From 10-K for the
year ended March 31, 2005, and the Company's reports on Form 10-Q
for the quarters ended June 30, 2005, and September 30, 2005.
Bristow Group Inc. disclaims any intention or obligation to revise
any forward-looking statements, including financial estimates,
whether as a result of new information, future events or otherwise.
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