SOURCE: 4D Seismic

July 19, 2006 11:50 ET

4D Seismic (FDSM) Announces Acquisition

HOUSTON, TX -- (MARKET WIRE) -- July 19, 2006 -- 4D Seismic, Inc. (PINKSHEETS: FDSM) announces its Board of Directors has approved the purchase of Environmental Construction Services for cash at its July board meeting.

Environmental Construction Services and 4D Seismic have been exploring a working relationship since April, with the two companies sharing personnel and equipment. The purchase had been rumored for some time as Environmental Construction Services, Inc., which is incorporated in Texas, had changed its name to 4D Seismic Inc. The Texas Corporation will be a wholly owned subsidiary of 4-D Seismic, Inc., the Nevada Corporation. The management team will remain the same without any departures or reassignments.

The Board also was presented and discussed the possibility of seeking a firm to form a strategic alliance for identifying technologies opportunities and acquisitions in the future. A subcommittee was impaneled to investigate and report back to the full board at the August meeting.

The work for the Clayton Ivy / Humble Oil tract is on schedule and budget; 4D Seismic will post periodic updates on this situation as development warrants.

The Board of Directors agreed with the recent pull back in the stocks price to begin the repurchase of the shares approved in the June meeting and not wait until the fourth quarter of 2006.

Forward-Looking Statements

This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about 4D Seismic business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan, changes in the petroleum market, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. The Company assumes no obligation to update information concerning its expectations.

Contact Information

  • Contact:
    Donald J. Najvar
    Sr. Vice President
    Investor Relations
    4D Seismic
    Phone: 281-980-2354