Dynamic International CEO Mike Moreno Discusses 2006 Hurricane Season Live on CNBC's Closing Bell with Maria Bartiromo

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"Our job is to help our clients assess the data, and prioritize the rebuilding process.” Bartiromo followed by asking, “What are you expecting this season, with 7 to 17 hurricanes projected? Moreno said, “The industry has done a phenomenal job in making certain that there are contingency plans. We do not hesitate to respond, once there is a named hurricane, in securing the platforms…and, evacuating the oil company and Dii personnel as quickly as possible.”

Mike Moreno, CEO of Dynamic International, LLC (formerly Dynamic Industries, Inc.), from his fabrication and construction yard in New Iberia, LA, was interviewed live by Maria Bartiromo, host of CNBC’s Closing Bell program, today.

Dynamic International, LLC (Dii) is the largest privately-held fabrication and construction firm, in the Gulf of Mexico. Based in New Iberia, Louisiana, Dii has deployed the largest offshore crew today in the Gulf of Mexico.

Maria Bartiromo stated that, “The 2005 Hurricane Season destroyed or damaged over 167 rigs in the Gulf of Mexico, cutting off nearly half of the production capabilities”. Moreno responded by saying, “We learned a lot from Rita and Katrina. We have spent a substantial amount of time assessing the damage to about 2800 rigs.” Moreno continued, “The last two hurricanes, Rita and Katrina caused six (6) times the damage to the infrastructure of the rigs, than Hurricane Andrew did. What people may not realize is that we are about two years away from repairing the damage from 2005’s hurricane season.

"Our job is to help our clients assess the data, and prioritize the rebuilding process.”

Bartiromo followed by asking, “What are you expecting this season, with 7 to 17 hurricanes projected? Moreno said, “The industry has done a phenomenal job in making certain that there are contingency plans. We do not hesitate to respond, once there is a named hurricane, in securing the platforms…and, evacuating the oil company and Dii personnel as quickly as possible.”

Following the interview, Moreno stated that, “Whatever happens in the Gulf of Mexico, this year, we’ll do what we can to minimize the initial damage, and move quickly to assess and repair the rigs as quickly as possible”.

Throughout its more than 20 year history, Dynamic International, LLC (formerly Dynamic Industries, Inc. (Dii), has evolved to become one of the leading fabrication and field services companies serving the upstream and downstream sectors of the Oil and Gas and Petrochemical industries, in the Gulf of Mexico.

CONTACT: Shauna Medina

Dynamic Industries, Inc.

Voice: 713.781.5510

Fax: 713.715.6678

http://www.dynamicind.com

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Shauna Medina
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