Flare ups in hot spots throughout the world continues to create aneed for the

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Paul Rapa, MBA, RedChip Research Analyst, reported:
"Boots & Coots continues to outperform as the Company reportedrecord revenue for the third consecutive quarter. WEL'sInternational Safeguard and pressure control services led theCompany's growth in 2Q08 with prevention revenue growing 226% over2Q07. The Company's Response Segment continued to improve due toincreased activity particularly in Africa and the Middle East."
"Flare ups in hot spots throughout the world continues to create aneed for the WEL's services. An indication that activity willremain strong in the Middle East was the recent announcement of atwo-year, $15 million Safeguard and hydraulic workover contract inLibya, which will commence in the fourth quarter," he continued.
"With international activity remaining solid throughout West Africaand the Middle East, new projects in Asia, and expansiondomestically, we continue to believe that the Company is being veryconservative in its guidance for the remainder of 2008. At acurrent P/E around 13x, we continue to believe that the stock isvery undervalued. Based on the Company's recent second quarterresults, we are maintaining our 'Strong Buy' rating on WEL," Rapaconcluded.
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Disclosure
Neither RedChip Companies nor the analyst has received anycompensation from Boots & Coots International Well Control Inc.or any other party for the writing and preparation of this equityresearch report. The analyst(s) contributing to this report do nothold any shares of the subject securities. This report is based ondata obtained from sources we believe to be reliable but is notguaranteed as to accuracy and does not purport to be complete.Neither the information nor any opinion expressed constitutes anoffer, or an invitation to make or garner an offer, to buy or sellany securities or any options, futures, or other derivativesrelated to such securities.