Tesco Corporation Announces NASDAQ Stock Symbol Change Effective April 2, 2007
March 30 2007 - 9:00AM
PR Newswire (US)
Trading Symbol: "TESO" on NASDAQ "TEO" on TSX HOUSTON, TX, March 30
/PRNewswire-FirstCall/ -- Tesco Corporation announced today that,
effective April 2nd, its NASDAQ stock symbol will be changed to
TESO to reflect our recent transition from a foreign private issuer
to a domestic reporting issuer under the Securities Exchange Act of
1934. This change does not affect our trading symbol on the Toronto
Stock Exchange, which will remain TEO. Tesco Corporation is a
global leader in the design, manufacture and service of technology
based solutions for the upstream energy industry. TESCO seeks to
change the way people drill wells by delivering safer and more
efficient solutions that add real value by reducing the costs of
drilling for producing oil and gas. FORWARD-LOOKING STATEMENTS This
presentation contains statements that may constitute
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. These statements include,
among others, statements regarding expectations of future revenues,
activities, capital expenditures and earnings and technical
results. These statements are based on current expectations that
involve a number of risks and uncertainties, which could cause
actual results to differ from those anticipated. These risks
include, but are not limited to: the background risks of the
drilling services industry (e.g. operational risks; potential
delays or changes in plans with respect to customers' exploration
or development projects or capital expenditures; the uncertainty of
estimates and projections relating to levels of rental activities;
uncertainty of estimates and projections of costs and expenses;
risks in conducting foreign operations (e.g. political and fiscal
instability) and exchange rate fluctuations); uncertainty and risks
in technical results and performance of technology; and other
uncertainties. DATASOURCE: Tesco Corporation CONTACT: Julio
Quintana, (713) 359-7000, Tesco Corporation
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