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SEMCO ENERGY Acquires Engineering Field Services Company

PORT HURON, Mich., Nov. 2 /PRNewswire/ -- SEMCO ENERGY, Inc. (Nasdaq: SMGS) today announced the acquisition of Pinpoint Locators, Inc. of Fort Necessity, Louisiana. The engineering field services company performs conventional and global positioning (GPS) system surveys of both interstate pipelines and fiber optic communication routes.

William L. Johnson, Chairman and Chief Executive Officer of SEMCO ENERGY, Inc., made the announcement.

"Pinpoint Locators, Inc. is well-run and technologically advanced. Its surveying capacities will augment the engineering division and take the Company one step closer to becoming one of the largest providers of turnkey engineering and construction services in the natural gas energy industry," he said.

The company will become a division of SEMCO ENERGY VENTURE's Maverick Pipeline Services, Inc. Rod Tidwell, Vice President of Pinpoint Locators, will become Vice President of the GPS Division of Maverick's Monroe, Louisiana-based Pipeline Services Operation.

Pinpoint Locators, Inc. has annual revenue of approximately $4 million. The acquisition is expected to be accretive to earnings per share.

SEMCO ENERGY VENTURES, a subsidiary of SEMCO ENERGY, Inc., acquires and operates businesses involved in engineering and quality assurance services, pipeline construction services, propane distribution, intrastate pipelines and natural gas storage.

SEMCO ENERGY, Inc. also owns two natural gas local distribution companies, SEMCO ENERGY GAS COMPANY, which is based in Michigan and serves over 250,000 customers, and ENSTAR Natural Gas Company, which serves approximately 100,000 customers in the Anchorage, Alaska area.
SOURCE SEMCO ENERGY, Inc.
CONTACT: Analysts, Edric R. Mason, Jr., 810-989-4104, or fax, 810-989-4098, or Media, Francis R. Lieder, Jr., 810-987-2200, ext. 4186, or fax, 810-989-4098, both of SEMCO ENERGY, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SEMCO Energy's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

 
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