TGC
INDUSTRIES RELOCATES REPAIR FACILITY TO DENISON TGC
INDUSTRIES RELOCATES REPAIR FACILITY TO DENISON
PLANO, TEXAS – JULY 29, 2008 – TGC Industries, Inc. (AMEX: TGE) announced today that it is relocating its repair facility from Plano, Texas to Denison, Texas. The move will initially transfer 52 employees to the new facility, which includes the leasing of three brand new buildings totaling 25,000 sq. ft. and a yard with 60,500 sq. ft. The new facility being leased by TGC Industries is being built to the Company’s specifications.
Wayne Whitener, President and CEO of TGC Industries, stated, “We have been growing very rapidly over the past several years and we are bursting at the seams at our Plano facility. We are excited about the new facilities and are looking forward to the upcoming move. We expect to be hiring for several new positions and are looking forward to expanding our talent base with quality people from the Denison area.”
“Denison and the Texoma area have a long tradition of attracting and keeping quality employers and I am pleased that CIGNA has chosen to remain in the area and continue with this tradition,” said State Representative Larry Phillips. “I appreciate that DDA brought to my attention the legislative roadblocks for local areas to recruit back office businesses and retain employers. We were able work together during the last session to pass legislation to help make this project possible.”
“Every business has multiple options and we knew that TGC Industries was looking to expand their repair facility in an attractive location. Our mission was to work closely with them and the City of Denison to find the most appropriate and cost effective site for their expansion needs,” said Robert Sylvester, DDA Chairman. “Denison had available property that met their criteria and with the assistance of the DDA we were able to partner with local officials and TGC Industries to bring new jobs in Grayson County,” he added.
TGC Industries, Inc., based in Plano, Texas, with branch offices in Houston and Oklahoma City, is one of the leading providers of seismic data acquisition services throughout the continental United States.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements are based on our current expectations and projections about future events. All statements other than statements of historical fact included in this press release regarding the Company are forward looking statements. There can be no assurance that those expectations and projections will prove to be correct.