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NEWS
RELEASE
For Immediate Release Ovation
Data Services, Inc. to acquire Large Storage Solutions, Ltd. HOUSTON, Texas - 11 June 2001 - Ovation Data Services announced today it has signed a letter of intent to purchase Large Storage Solutions, Ltd. (LSSL) of Oxford, UK. Ovation Data Services is a leading provider of digital asset management, preservation and storage systems. The purchase reflects Ovation Data Services’ ongoing commitment to providing customers with a complete data storage solution and asset management system. The company focuses on the customer’s data management needs and uses top of the line components to build an integrated turnkey storage system that includes installation, training and on-going technical support. “The acquisition strengthens our European presence in the exploration and production industry and enables us to expand into new markets,” said Gerald Johnson, General Manager-Data Storage Group of Ovation Data Services, Inc. “High quality customer service has always been our priority -- with LSSL, we strengthen our local sales, marketing and technical support.” “Our customers will benefit from Ovation Data Services’ years of experience in digital asset management and systems integration expertise,” said Jim Dahnpaul, Managing Director of LSSL, “They complement our core competency of providing enterprise-wide storage management solutions.” Ovation Data Services are system integrators bringing together years of experience and technical expertise to provide digital asset management solutions to the seismic industry. By utilizing off-the-shelf technology on a fit for purpose basis, the company develops powerful solutions for managing, storing and retrieving data. The company also has indepth technical expertise in tape transcription and imaging services. LSSL, is a data storage solutions company providing enterprise-wide storage management systems to the finance, manufacturing, healthcare and petrochemical markets. Pending board approval, the transaction is scheduled for completion by the end of this month. The company will operate as Ovation Data Services, Inc., UK - Data Storage Division, with Dahnpaul as Managing Director responsible for the continued expansion into European marketplace. ### For more information, contact: Gerald Johnson or Jim Dahnpaul Ovation Data Services, Inc. LSSL 713-464-1300 0-1844-215594 gerald.johnson@ovationdata.com jmd@lssl.co.uk
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