Seismic Equipment Solutions Completes Leveraged Recapitalization

AUSTIN, Texas, Jan. 9 /PRNewswire/ -- Westlake Securities, LLC is pleased to
announce that Seismic Equipment Solutions ("SES" or the "Company") has
completed a leveraged recapitalization led by the private equity firm, Perseus
LLC ("Perseus"). Westlake Securities served as exclusive financial advisor to
SES on the transaction, which closed on December 31, 2008.

SES, based in Houston, Texas, is a leading global supplier of seismic
acquisition equipment and related services to the oil and gas exploration
industry. The Company rents, leases, sells and provides technical support for
such equipment to large seismic contractors and major oil companies worldwide.

"Westlake Securities was able to complete our recapitalization despite
extremely difficult conditions in the credit markets and a precipitous decline
in energy prices during the process," said Glen Huscroft, President and CEO of
SES. "Their understanding of our business and the seismic industry, along
with their deep network of relationships in the private equity community made
a huge difference."

"The recapitalization of SES gives the owners of this privately-owned business
significant liquidity for diversification of their net worth, and their
retained equity allows them to share in the future success of the Company,"
said Randy Finch, Managing Director of Westlake Securities. "Perseus brings
additional financial and operational experience to SES, and should be an
excellent partner in taking the business to the next level."

The completion of the transaction will allow SES to explore opportunities for
growth both organically and through strategic acquisitions, and further
strengthens the position of SES with respect to its primary competitor,
Mitcham Industries.

Westlake Securities, LLC is a Texas-based investment banking firm with offices
in Austin and Houston, serving middle market companies. Westlake's clients
include family-owned businesses, privately held companies, private equity and
venture capital funds and publicly traded companies. Services include equity
capital formation, debt placement, merger and acquisition advisory, fairness
opinions and valuations. Westlake is a member of FINRA and SIPC.

SOURCE Westlake Securities, LLC

Randy Finch, Managing Director of Westlake Securities, LLC, +1-512-314-0712