EVI Weatherford Announces Earnings for 1998 Expected to Increase Notwithstanding Market Conditions

14 Aug 1998

Houston, August 14, 1998

EVI Weatherford, Inc., (NYSE:EVI) today announced that it will be filing today its quarterly report on Form 10-Q for the quarter ended June 30, 1998. In that report it will be reporting that although under current market conditions it expects the demand for its products and services to decline during the remainder of 1998, income from continuing operations, excluding the previously announced merger charge, is expected to exceed 1997 full year income of $2.01 per fully diluted shares.

EVI Weatherford is an international provider of engineered products and specialized services to the drilling and production sectors of the oil and gas industry.

Don Galletly (713) 693-4148

Weatherford International, Inc.
515 Post Oak Blvd, Suite 600
Houston, Texas 77027