SOURCE: Trico Marine Services, Inc.

August 31, 2007 12:00 ET

Trico Marine Services Appoints VP of International Operations

HOUSTON, TX--(Marketwire - August 31, 2007) - Trico Marine Services, Inc. (NASDAQ: TRMA) announces the appointment of Gerald Gray as its Vice President (Trico Supply (UK)) of International Operations.

Mr. Gray has been in the marine industry for over 33 years serving in various managerial with an emphasis on international operations for U.S.-based companies, including two of the largest OSV companies. Mr. Gray has been responsible for operations in, among other areas, Africa, Southeast Asia, the Middle East and Norway. In each of those roles, his core strength has been in international maritime operations for a U.S. company. He will be based out of the Company's Aberdeen office and is responsible for operations in the North Sea and West Africa.

"We are delighted to welcome Gerry to the Trico management team," commented Trico's Chief Executive Officer, Joseph S. Compofelice. "His experience in managing international operations will greatly benefit Trico as we continue to implement our strategic plan in these specific growth markets. We are confident that he will make a positive impact improving the operating efficiency in this area which accounts for over 60% of Trico's revenue stream."

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 joint venture). 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 is headquartered 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