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Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
GULFMARK OFFSHORE, INC. FILES $125 MILLION SHELF REGISTRATION
HOUSTON, TX., August 29, 2000 -- GulfMark Offshore, Inc. (NASDAQ:GMRK)
announced the filing of a $125 million shelf registration statement with the
Securities & Exchange Commission covering up to $125 million of various debt
and equity securities.
"Although we have no immediate plans to offer any of the securities for sale,
we believe it is prudent to have registered securities available to fund
future opportunities," said president and chief operating officer, Bruce
Streeter.
GulfMark Offshore, Inc. provides marine transportation services to the energy
industry with a fleet of fifty (50) offshore support vessels, primarily in the
North Sea, offshore Southeast Asia, Brazil and West Africa.
Contact: Edward A. Guthrie, Executive Vice President & CFO
(713) 963-9522
This press release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 which involve
known and unknown risk, uncertainties and other factors. Among the factors
that could cause actual results to differ materially are: prices of oil and
gas and their effect on industry conditions; industry volatility; fluctuations
in the size of the offshore marine vessel fleet in areas where the Company
operates; changes in competitive factors; and other material factors that are
described from time to time in the Company's filings with the SEC.
Consequently, the forward-looking statements contained herein should not be
regarded as representations that the projected outcomes can or will be
achieved.
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