SOURCE: Trico Marine Services, Inc.

June 12, 2007 18:28 ET

Trico Marine Services Announces Re-Election of Directors at Annual Meeting

HOUSTON, TX--(Marketwire - June 12, 2007) - Trico Marine Services, Inc. (NASDAQ: TRMA) today announced that, based on results from the Company's Annual Meeting, Trico stockholders have re-elected the Company's three nominees -- Edward C. Hutcheson, Jr., Myles W. Scoggins and Per Staehr -- to the Trico Board of Directors, with votes representing approximately 84% of the outstanding shares. Each of the three nominees received over 95% of the votes represented at the meeting.

Joseph S. Compofelice, whom the Board elected as Executive Chairman of the Board, said, "On behalf of the Board and management, we thank all of our stockholders for demonstrating their continued support and confidence in Trico. Every member of the Board is committed to maximizing value for all Trico stockholders, and we have a strategy in place that we are confident will allow us to help Trico realize its full potential."

About Trico

Trico provides a broad range of marine support services to the oil and gas industry, primarily in the North Sea, Gulf of Mexico, West Africa and Southeast Asia (through its partnership). The services provided by the Company's diversified fleet of vessels include the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment from one location to another; and support for the construction, installation, repair and maintenance of offshore facilities. Trico has its principal office in Houston, Texas.

For more information about Trico Marine Services, Inc. visit us on the web at www.tricomarine.com.

Certain statements in this press release that are not historical fact may be "forward-looking statements." Actual events may differ materially from those projected in any forward-looking statement. There are a number of important factors involving risks and uncertainties beyond the control of the Company that could cause actual events to differ materially from those expressed or implied by such forward-looking statements. A description of risks and uncertainties relating to Trico Marine Services, Inc. and its industry and other factors, which could affect the Company's results of operations or financial condition, are included in the Company's Securities and Exchange Commission filings. Trico undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release.

Contact Information

  • Contact:
    Geoff Jones
    Vice President and Chief Financial Officer
    (713) 780-9926