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Ion Geophysical's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Ion Geophysical Corporation (IO)

Q2 2012 Earnings Conference Call

August 08, 2012 10:00 AM ET

Executives

Karen Abercrombie – Director, Corporate Communications.

Brian Hanson – President and Chief Executive Officer

Greg Heinlein – Senior Vice President and Chief Financial Officer

Analysts

George Venturatos – Johnson Rice & Company

Nathaniel Pulsifer - Pulsifer & Associates

Presentation

Operator

Good day, Ladies and Gentlemen. Thank you for standing by. Welcome to the Ion Geophysical Quarter 2 Earnings Conference Call. During today’s presentation all parties will be in a listen-only-mode. Following our presentation the conference will be opened for questions and instructions will follow at that time. This conference is being recorded today, Wednesday August 8th, 2012.

I would now like to turn the conference over to Karen Abercrombie, Director of Ion Communication, please go ahead Ma’am.

Karen Abercrombie

Thank you Alicia. Good morning and welcome to Ion Geophysical Corporation’s Quarter 2 Earnings Conference Call. We appreciate you joining us today. As indicated on slide 2, our hosts today are Brian Hanson, President and Chief Executive Officer and Greg Heinlein, Senior Vice President and Chief Financial Officer.

Before I turn the call over to them I have a few items to cover. If you’d like to listen to a replay of today’s call it is available via webcast by going to the investor relations section of our website at www.iongeo.com or via a recorded instant replay for the next couple of weeks. The information was provided in yesterday’s earnings release. I should also point out that we’ll be using some PowerPoint slides to accompany today’s call. They’re accessible by a link on the investor relations page of our website.

Moving on to slide 3. Information reported on this call speaks only as of today August 8th, 2012 and therefore you are advised that the time sensitive information may no longer be accurate at the time of any replay. Before we begin, let me remind you that certain statements made by Ion during this call may constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on our current expectations, and include known and unknown risks, uncertainties and other facts, many of which we are unable to control that may cause the actual results or performance to differ materially from any future results or performance, expressed or implied by those statements.

These risks and uncertainties include the risk factors disclosed by Ion from time to time in our filing with the SEC, including in our annual report on form 10-K and in our quarterly reports on form 10-Q. Furthermore as we start this call, please refer to the disclosure regarding forward looking statements incorporated into our press release issued yesterday. And please note that the contents of our conference call this morning are covered by those statements.

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