Key’s President and Chief Executive Officer,
Dodson continued, “I am very proud of the progress our team at Key has made over the past several years, strengthening our balance sheet to a position where we can add to our already strong footprint in the
“We are extremely focused on providing Endeavor, and all our customers, with best-in-class service and equipment and doing so with industry leading safely. I’m pleased to say that even with the challenges of increasing activity and a growing employee base, Key is working safer than at any time in its 45-year history.”
Dodson concluded, “I would like to thank the Key employees for all of their dedication and efforts not only for the constant drive to make every job we do at Key incident free, but also for the improvements in our financial position over the past several years.”
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Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature or that relate to future events and conditions are, or may be deemed to be, forward-looking statements, including statements relating to Key's operational and financial strategies, including leverage reduction strategies, Key’s ability to successfully effect those strategies and the expected benefits therefrom. These forward-looking statements are based on Key’s current expectations, estimates and projections and its management’s beliefs and assumptions concerning future events and financial trends affecting its financial condition and results of operations. In some cases, you can identify these statements by terminology such as “may,” “will,” “should,” “predicts,” “expects,” “believes,” “anticipates,” “projects,” “potential” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions or estimates and are subject to substantial risks and uncertainties and are not guarantees of performance. Future actions, events and conditions and future results of operations may differ materially from those expressed in these statements and the assumptions on which they are based could prove incorrect. Key undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release except as required by law. All of Key’s written and oral forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements that may accompany such forward-looking statements.
Important factors that may affect Key’s expectations, estimates or projections include, but are not limited to, the following: public health crises, including any impact on economic and other conditions globally and any related actions taken by businesses and governments, among others; adverse conditions in the services and oil and natural gas industries, especially oil and natural gas prices and reduced activity and capital expenditures by oil and natural gas companies; a failure of customer activity to reach or remain at expected levels; Key’s ability to satisfy its cash and liquidity needs, including its ability to generate sufficient liquidity or cash flow from operations or to obtain adequate financing to fund its operations or otherwise meet its obligations as they come due; Key’s ability to implement price increases or maintain pricing on its core services; inflationary pressures; supply chain challenges; risks that Key may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed in its businesses; industry capacity; actions by
Cautionary Statement Regarding Trading in Key Common Stock
Key’s common stock is not listed on a national securities exchange and may trade on the Over-the-Counter Market from time to time. Key provides no assurance with respect to whether any market for the shares will be maintained or any price at which the shares may trade. Key is not obligated to publish current information for purpose of OTC Market requirements, and issuance of this press release does not create an obligation for Key to publish results for future periods. Investors are cautioned that trading unregistered securities quoted on the OTC Pink Market is more limited, subject to greater liquidity risk and additional restrictions. Investing in unregistered securities is not suitable for all investors. Investors should consult their own attorneys, accountants and/or other advisors as to the legal, tax, regulatory, accounting, economic and related aspects of investment in unregistered securities and its suitability for them.
Contact:Correne Loeffler Telephone: 713.651.4403 www.keyenergy.com
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