National Energy Services Reunited Corp. (“NESR”) (NASDAQ:NESR)
announced today that it will hold a call to discuss the
acquisitions of Gulf Energy SAOC (“GES”) and National Petroleum
Services (“NPS”). The call is scheduled for 4:00 PM ET on Tuesday,
November 21, 2017. Participants may dial into the toll-free line at
1-800-753-9048 and the international line at 1-323-794-2094.
Investors, analysts and members of the media
interested in listening to the call are encouraged to view the
accompanying presentation slides, which is being filed as an
exhibit to NESR’s Current Report on Form 8-K on November 20, 2017
and will be available on the Securities and Exchange Commission
website at www.sec.gov. A replay of the conference call will be
available through Tuesday, November 28, 2017. To hear a replay,
participants may dial into the toll-free line at 1-844-512-2921 and
the international line at 1-412-317-6671 and entering pin number
5466960. A copy of the conference call transcript will also be
filed with the SEC following the call.
About National Energy Services Reunited
Corp.www.nesrco.com
NESR is a Special Purpose Acquisition Company
formed in the British Virgin Islands and headquartered in Houston,
Texas. The company raised $229 million in its IPO to acquire
companies in the energy services sector globally. NESR is led by
CEO Sherif Foda, who is also one of the shareholders of the
company.
About National Petroleum
Services www.npsintl.com
NPS is a leading regional provider of integrated
energy services in the MENA and Asia Pacific regions, and currently
operates in 12 countries across the MENASA region and through
various regional subsidiaries. NPS’ service lines include wells
services, electric line logging, well testing, and integrated
drilling and workover operations. NPS has a highly skilled
workforce of more than 1,600 employees from 40 different
nationalities.
About Gulf Energy
SAOCwww.gulfenergy-int.com
GES is a provider of high-quality integrated
drilling and completions oilfield service solutions in the Middle
East and North Africa region, with a workforce of approximately
1,200 people. GES has established relationships with a majority of
the operators in Oman as well as with other international clients.
As a pioneer in many oilfield services technologies, GES has a
successful track record of servicing complex wells.
Forward Looking Statements
This communication includes certain statements
that may constitute "forward-looking statements" for purposes of
the federal securities laws. Forward-looking statements include,
but are not limited to, statements that refer to projections,
forecasts or other characterizations of future events or
circumstances, including any underlying assumptions. The words
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intends," "may," "might," "plan," "possible," "potential,"
"predict," "project," "should," "would" and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking.
Forward-looking statements may include, for example, statements
about: the parties' ability to effect the business combination; the
benefits of the business combination; the future financial
performance of NESR following the business combination; and changes
in GES and NPS strategy, future operations, financial position,
estimated revenues, and losses, projected costs, prospects, plans
and objectives of management. These forward-looking statements are
based on information available as of the date of this press
release, and current expectations, forecasts and assumptions, and
involve a number of judgments, risks and uncertainties.
Accordingly, forward-looking statements should not be relied upon
as representing NESR’s views as of any subsequent date, and NESR
does not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws. You should not place undue reliance on these forward-looking
statements. As a result of a number of known and unknown risks and
uncertainties, NESR’s actual results or performance may be
materially different from those expressed or implied by these
forward-looking statements. Some factors that could cause actual
results to differ include: (i) the occurrence of any event,
change or other circumstances that could delay the business
combination or give rise to the termination of the definitive
agreements relating to the business combination; (ii) the
outcome of any legal proceedings that may be instituted against
NESR following announcement of the business combination;
(iii) the inability to complete the business combination due
to the failure to obtain approval of the stockholders of NESR, or
other conditions to closing in the definitive agreements relating
to the business combination; (iv) the risk that the proposed
business combination disrupts current plans and operations of NESR,
NPS or GES as a result of the announcement and consummation of
the business combination; (v) NESR's ability to realize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition and the ability of
NESR to grow and manage growth profitably following the business
combination; (vi) costs related to the business combination;
(vii) changes in applicable laws or regulations; and
(viii) the possibility that NESR, NPS or GES may be adversely
affected by other economic, business, and/or competitive
factors.
No Offer or Solicitation
This communication is for informational purposes
only and shall not constitute an offer to sell or the solicitation
of an offer to buy any securities pursuant to the proposed business
combination and other transactions described herein or otherwise,
nor shall there be any sale of securities in any jurisdiction in
which the offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such jurisdiction. No offer of securities shall be made except by
means of a prospectus meeting the requirements of Section 10
of the Securities Act of 1933, as amended.
Important Information for Investors and
Stockholders
In connection with the proposed business
combination, NESR intends to file a proxy statement with the SEC.
The definitive proxy statement and other relevant documents will be
sent or given to the stockholders of NESR and will contain
important information about the proposed business combination and
related matters. NESR stockholders and other interested persons are
advised to read, when available, the proxy statement in connection
with NESR's solicitation of proxies for the meeting of stockholders
to be held to approve the proposed business combination because the
proxy statement will contain important information about the
transaction. This is not a solicitation of any vote or approval.
When available, the definitive proxy statement will be mailed to
NESR stockholders as of a record date to be established for voting
on the proposed business combination. Stockholders will also be
able to obtain copies of the proxy statement, without charge, once
available, at the SEC's website at www.sec.gov.
Participants in the
Solicitation
NESR and its directors and officers may be
deemed participants in the solicitation of proxies of NESR
stockholders in connection with the proposed business combination.
NESR stockholders and other interested persons may obtain, without
charge, more detailed information regarding the directors and
officers of NESR in its final prospectus filed with the SEC on May
12, 2017. Additional information will be available in the
definitive proxy statement when it becomes available.
For inquiries regarding NESR, please
contact:
Joseph Caminiti or Steve CalkAlpha IR
Group312-445-2870NESR@alpha-ir.com
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