CGGVeritas Announces Fourth Quarter 2007 Revenue of EUR604 Million, $876 Million

Name	Symbol	Market	Type
Conductor Global Equity Value ETF	AMEX:CGV	AMEX	Exchange Traded Fund

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Conductor Global Equity Value ETF

AMEX:CGV

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Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	13.2565				0	01:00:00

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CGGVeritas Announces Fourth Quarter 2007 Revenue of EUR604 Million, $876 Million

14/02/2008 6:30am

PR Newswire (US)

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PARIS, February 14 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN: 0000120164 - NYSE: CGV) announced today its unaudited revenue for the fourth quarter 2007 of EUR604 million ($876 million) up 15% in euros and up 29% in dollars compared to pro-forma EUR523 million ($678 million) for the same period last year. Activity during the fourth quarter was robust across all Services business lines and at Sercel. In Services, contract land and marine operations performed well and multi-client after-sales were strong. Services and Sercel revenue compared to pro-forma 2006 fourth quarter: Revenue for Services of EUR442 million ($641 million) was up 14% in euros and 27% in dollars. Sercel external sales were at EUR161 million ($236 million) up 21% in euros and up 35% in dollars. Total revenue for Sercel of EUR176 million ($258 million) was down 7% in euros and up 6% in dollars. 2007 CGGVeritas revenue: 2007 CGGVeritas revenue of EUR2.374 billion ($3.251 billion) was up 19% in euros and up 30% in dollars compared to pro-forma 2006 revenue of EUR1.990 billion ($2.500 billion). 2007 final consolidated results will be released February 28th 2008. Our audited financial statements for the year ended December 31, 2007 will be included in our annual report on Form 20-F to be filed with the SEC. We filed our annual report on Form 20-F for the year ended December 31, 2006 with the SEC on May 7, 2007. Our annual report on Form 20-F for 2006 is, and our annual report for 2007 will be, available on our website at http://www.cggveritas.com/ or on the website maintained by the SEC at http://www.sec.gov/. You may request a copy of our annual reports on Form 20-F, which include our complete audited financial statements, at no charge, by calling our investor relations department at +33-1-64-47-38-31, sending an electronic message to or or writing to CGGVeritas - Investor Relations Department, Tour Maine Montparnasse 33, avenue du Maine, 75015 Paris, France. About CGGVeritas: CGGVeritas (http://www.cggveritas.com/) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry. CGGVeritas is listed on the Eurolist of Euronext Paris SA (ISIN: FR0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV). Investor Relations Contacts: Paris: Christophe Barnini Tel.: +33-1-64-47-38-10 E-Mail: Houston: Hovey Cox Tel.: +1-832-351-8821 E-Mail: DATASOURCE: CGGVeritas CONTACT: Investor Relations Contacts: Paris: Christophe Barnini, Tel.: +33-1-64-47-38-10, E-Mail: ; Houston: Hovey Cox, Tel.: +1-832-351-8821, E-Mail:

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