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FOR IMMEDIATE RELEASE

CONTACT: KEVIN MCPHERSON (+1-972-952-9371, e-mail kmcpherson@otcnet.org)

iOTC Enhances the Experience of the Offshore Technology Conference

RICHARDSON, Texas, U.S.A. (29 January 2002)-Participants in the 2002 Offshore Technology Conference (OTC) can expect to enjoy many benefits of the world's leading offshore conference year-round with today's debut of iOTC, an online community of oil and gas companies.

iOTC - "Your Offshore Technology Resource Center" - can be found at www.iOTCnet.org or through the official 2002 OTC Web site at www.OTCnet.org.

The new service, designed to expand the exhibitors' presence and marketing capabilities at OTC, provides a lead retrieval program that generates year-round communication between exhibitors and customers.

"iOTC is bringing the world's largest offshore event online," said Charlie Richards, OTC 2002 Chairman. "The iOTC is a Web site that provides consumers with one location to search, navigate, and communicate directly with all the key offshore companies that are exhibiting at OTC. iOTC will benefit exhibitors and other members of the offshore industry by allowing them to communicate anywhere and at anytime."

iOTC provides many resources to exhibitors, showcasing their company, products, and services, while reaching a global offshore community and extending the four-day event to 365 days. Through the Web site, exhibitors will have the capability to respond, interact, and promote to a targeted audience. Each exhibitor controls their listing, allowing them to access and update their information in real time, keeping information fresh and relevant for the visitors.

As a new feature in 2002, iOTC is an online exhibitor service of OTC, which brings more than 1,600 exhibiting companies and subsidiaries to Houston annually. Using iOTC, industry professionals will be able to request specific information from participating companies. Visitors will find online alphabetical directories of exhibitors or directories listed by product/service categories, the opportunity to post business cards, a bulletin board, a news center with real-time news, and a Web cast center. Users also will have the capability to search the site for companies by the business name or the product/service category.

The site also features "My Zone," a virtual business center that allows exhibitors and other users to organize contact information. Under "My Zone," both exhibitors and users can maintain a history of contacts. "My Contacts" provides the ability to manage and review contacts, send messages, and go directly to exhibitor listings or Web sites. "My Messages" keeps a chronicle of each contact made to and from the exhibitors in iOTC.

Founded in 1969, the Offshore Technology Conference is the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production and environmental protection. OTC is held annually in May at Reliant Park at Reliant Center in Houston. For more information, visit the OTC 2002 Web site at www.OTCnet.org.

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