DEEP Superior Offshore Intl (MM)

HOUSTON, March 5 /PRNewswire-FirstCall/ -- Superior Offshore International, Inc. (NASDAQ:DEEP) today announced that several putative class-action lawsuits have been filed against the Company alleging violations of the federal securities laws. Superior Offshore believes that each of these lawsuits is without merit and the Company will vigorously defend itself. About Superior Offshore International, Inc. Superior Offshore is a leading provider of subsea construction and commercial diving services to the offshore oil and gas industry, serving operators internationally and domestically in the outer continental shelf of the U.S. Gulf of Mexico. Construction services include installation, upgrading and decommissioning of pipelines and production infrastructure. Commercial diving services include inspection, maintenance and repair services and support services for subsea construction and salvage operations. The company also operates a construction/fabrication division. Superior Offshore operates a fleet of seven service vessels and provides remotely operated vehicles (ROVs) and saturation diving systems for deepwater and harsh environment operations. Forward-Looking Statements Certain statements contained in this news release are forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements by their nature involve substantial risks and uncertainties that could significantly affect expected results, and actual future results could differ materially from those described in such statements. Although it is not possible to identify all factors, Superior Offshore continues to face many risks and uncertainties. Some of the factors that could cause actual future results to differ materially are described under the caption "Risk Factors" in Superior Offshore's Prospectus, dated April 19, 2007 and filed with the Securities and Exchange Commission ("SEC") on April 20, 2007, and Superior Offshore's other filings with the SEC, which may be obtained by visiting the Investor Relations section of Superior Offshore's website under "Financial Information" at http://www.superioroffshore.com/ or from the SEC's website at http://www.sec.gov/. Contacts: Superior Offshore International Thomas E. Daman 713-910-1875 DRG&E Ken Dennard 713-529-6600 DATASOURCE: Superior Offshore International, Inc. CONTACT: Thomas E. Daman of Superior Offshore International, Inc., +1-713-910-1875, ; or Ken Dennard of DRG&E, +1-713-529-6600, , for Superior Offshore International, Inc. Web site: http://www.superioroffshore.com/

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