Market Overview

EPIC Companies, LLC Successfully Acquires Ranger Offshore, Inc.

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EPIC Companies, LLC ("Epic") and Ranger Offshore, Inc. ("Ranger") are
excited to announce the business combination of Ranger and Epic. EPIC is
now a global, full service marine contractor, able to provide customer
solutions worldwide.

EPIC will continue to focus on serving all EPIC and Ranger customers
with the same level of quality and safety that has earned our customers'
trust. EPIC will have significantly expanded resources, an improved
capital structure, and the ability to take on projects worldwide, with
substantial resources in Mexico, the Caribbean, and West Africa, in
addition to the U.S. Gulf of Mexico.

We want to thank our vendor and employee partners for working with us
through this integration as we build a stronger, more diverse platform,
to continue to provide world class services.

"I am excited to offer a new breadth and depth of service to our
customers as we combine these two leading organizations into one
company. My team and I will continue to focus on providing the highest
quality of service through safe and efficient operations, now on a
global basis," said Peter Pintar, CEO of EPIC Companies, LLC.

Bill Lam, previously CEO of Ranger Offshore, added, "I'm pleased to
serve as President, Global Construction Services at EPIC and lead our
construction business on a worldwide basis. The talent and commitment of
our combined team is impressive, and I'm confident we will continue our
growth across these markets."

EPIC Companies is a Texas based, full-service provider to the global
decommissioning and construction markets. As the most experienced
company in this segment, EPIC Companies is known for their environmental
stewardship, customer service, outstanding safety and operational
excellence.

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