HOUSTON, Nov. 20, 2017 (GLOBE NEWSWIRE) -- 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 SAOC
www.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 Calk
Alpha IR Group
312-445-2870
NESR@alpha-ir.com
