Boots & Coots (WEL) Files $250M Mixed Shelf

Boots & Coots, Inc. (NYSE: WEL), today announced that the Company has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission. The registration statement is subject to review by the SEC.

"We currently have no plans to offer or sell securities under this registration statement," stated Cary Baetz, chief financial officer of Boots & Coots. "Having a universal shelf registration in place provides us with greater financial flexibility and is a proactive step which will help facilitate our future ability to raise capital to fund potential acquisitions, invest in other growth opportunities or repay debt."

When declared effective by the SEC, the Company may, from time to time, offer and sell up to $250 million of its securities consisting of common stock, preferred stock, debt (senior and subordinated), warrants, units or a combination thereof subject to market conditions and the Company's capital needs. The terms of any offering under the shelf registration statement would be established at the time of such offering and described in a prospectus supplement filed with the SEC prior to completion of the offering.