1051034--3/6/2006--W-H_ENERGY_SERVICES

related topics

{cost, regulation, environmental}

{acquisition, growth, future}

{property, intellectual, protect}

{competitive, industry, competition}

Because many of our products and services are used in potentially hazardous applications and operations, our business is subject to risks associated with events that result in personal injuries, loss of life, damage to or destruction of property, equipment or the environment and suspension of operations. Our business could be adversely affected by disputes regarding intellectual property or our inability to obtain protection for technologies we develop. Intense competition in our industry could adversely affect our results of operations. Compliance with environmental and other government regulations could adversely affect our business. A significant amount of our growth has occurred through the acquisition of existing businesses; however, future acquisitions may be difficult to integrate, may disrupt our existing businesses and may adversely affect our operating results.

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1051034--3/6/2006--W-H_ENERGY_SERVICES_INC