Natural Gas Services Group Announces Wayne Vinson, President and CEO, Has Passed Away
MIDLAND, Texas, Mar 15, 2004 /PRNewswire-FirstCall via COMTEX/ -- Natural Gas Services Group, Inc. (Amex: NGS) sadly announces Mr. Wayne Vinson, the Company's President, CEO, and member of the Board of Directors, passed away this morning at 1:00 a.m. CST at Midland Memorial Hospital, Midland, Texas. Mr. Vinson passed away as a result of lung cancer.
The Company has known of Mr. Vinson's condition and a final Board of Directors meeting is being scheduled to name a new president.
Mr. Wallace Sparkman, a founder of the Company, and a member of the Board of Directors, will be named Interim President and will handle day to day business matters.
Funeral services are still pending.
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause NGS's actual results in future periods to differ materially from forecasted results. Those risks include, among other things, the loss of market share through competition or otherwise; the introduction of competing technologies by other companies; a prolonged, substantial reduction in oil and gas prices which could cause a decline in the demand for NGS's products and services; and new governmental safety, health and environmental regulations which could require NGS to make significant capital expenditures. The forward-looking statements included in this press release are only made as of the date of this press release, and NGS undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. A discussion of these factors is included in the Company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission.
For More Information, Contact: Wallace Sparkman
432-563-4207
Jim Drewitz, Public Relations
jdrewitz@comcast.net
972-355-6070
SOURCE Natural Gas Services Group, Inc.
Wallace Sparkman of Natural Gas Services Group, Inc., +1-432-563-4207; or Jim Drewitz, Public Relations, +1-972-355-6070, or jdrewitz@comcast.net, for Natural Gas Services Group, Inc. (NGS)