Superior Offshore International Announces Filing of Chapter 11 Bankruptcy

HOUSTON, April 25 /PRNewswire-FirstCall/ -- Superior Offshore International, Inc. (NASDAQ:DEEP) (the "Company") today announced that it filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"), in the United States Bankruptcy Court for the Southern District of Texas (the "Court") (Case No. 08-32590-H2-11). The Company will continue to operate its business as "debtor in possession" under the jurisdiction of the Court in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court.

Contact:
Superior Offshore International, Inc.
713-910-1875

First Call Analyst:
FCMN Contact: ksdennard@drg-e.com

Source: Superior Offshore International, Inc.

CONTACT: Superior Offshore International, Inc., +1-713-910-1875

2008-04-25 17:34:14 0345693 PRNEWSWIRE