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Dresser-Rand Position in the Middle East & North Africa

Source: www.gulfoilandgas.com 2/22/2011, Location: Africa

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In response to inquiries, Dresser-Rand Group Inc.made the following disclosures concerning its business in the Middle East and North Africa. In 2010, revenues from countries in the region amounted to approximately 6.9% of total revenues of nearly $2.0 billion. The following countries in the region, Algeria, Bahrain, Egypt, Libya, Tunisia and Yemen, that have or are experiencing unrest, represent approximately 2.6% of total 2010 revenues. Of these six countries, only Libya exceeds 1% of total 2010 revenues representing 1.2%.

According to Blaise Derrico, Dresser-Rand's Director, Investor Relations, "While unrest in the region is a cause for concern, we believe the situation in certain parts of the Middle East and North Africa will not have a material adverse impact on our expected 2011 revenues or operating results."

The Company will host a conference call to discuss its fourth quarter 2010 results on Friday, February 25, 2011, at 9:00 a.m. Eastern Time and will respond to questions concerning their business in the region.

In a news release issued on February 18, 2011, the Company announced that the Web cast of its fourth quarter 2010 conference call can be accessed through the Company's Web site, www.dresser-rand.com. Participants may also join the conference call by dialing (877) 303-3199 in the United States and (408) 427-3882 from outside the United States five to ten minutes prior to the scheduled start time.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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