CDIS Cal Dive International (MM)

Cal Dive Receives Second Request From the U.S. Department of Justice Regarding the Acquisition of Certain Assets of Stolt Offshore HOUSTON, May 27 /PRNewswire-FirstCall/ -- Cal Dive International, Inc. (NASDAQ:CDIS) today announced it received from the U.S. Department of Justice a request for additional information in connection with its pending acquisition of certain assets of Stolt Offshore, S.A. (NASDAQ:SOSA). Cal Dive intends to respond promptly to this request. The effect of the second request is to extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act until 30 days after Cal Dive and Stolt have substantially complied with the request, unless that period is extended voluntarily by the parties or is terminated sooner by the Department of Justice. Cal Dive International, Inc., headquartered in Houston, Texas, is an energy service company which provides alternate solutions to the oil and gas industry worldwide for marginal field development, alternative development plans, field life extension and abandonment, with service lines including marine diving services, robotics, well operations, facilities ownership and oil and gas production. This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any projections of revenue, gross margin, expenses, earnings or losses from operations, or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statement concerning developments, performance or industry rankings relating to services; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include the performance of contracts by suppliers, customers and partners; employee management issues; complexities of global political and economic developments, and other risks described from time to time in our reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ending December 31, 2004. We assume no obligation and do not intend to update these forward-looking statements. DATASOURCE: Cal Dive International, Inc. CONTACT: Wade Pursell, Chief Financial Officer of Cal Dive International, Inc., +1-281-618-0400, or fax, +1-281-618-0505 Web site: http://www.caldive.com/

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