Exhibit 99.1
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NEWS RELEASE |
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CONTACTS: | Wayne Whitener |
| Chief Executive Officer |
| TGC Industries, Inc. |
| (972) 881-1099 |
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| | Jack Lascar, Partner |
| | Karen Roan, SVP |
FOR IMMEDIATE RELEASE | | DRG&E (713) 529-6600 |
TGC Industries Declares Five Percent Stock Dividend
PLANO, TEXAS – April 16, 2009 – TGC Industries, Inc. (NASDAQ: TGE) today announced that its Board of Directors declared a five percent (5%) stock dividend on its outstanding Common Stock. Shareholders of record as of April 28, 2009 will receive the stock dividend for each share owned on that date, payable on May 12, 2009.
Cash in lieu of fractional shares will be paid to Shareholders based on the last sales price of the Company’s Common Stock on the record date. As of April 8, 2009, TGC Industries had 17,409,909 shares of Common Stock outstanding.
TGC Industries, Inc., based in Plano, Texas, with branch offices in Houston, Oklahoma City and Denver, 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 the press release regarding the Company are forward looking statements. There can be no assurance that those expectations and projections will prove to be correct.
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