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WUXI, China, April 18 /Xinhua-PRNewswire-FirstCall/ — WSP Holdings Limited (”WSP Holdings” or ”the Company”), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction (”Oil Country Tubular Goods” or ”OCTG”), and other pipes and connectors, today announced that it recently received a new purchase order for 5,300 tonnes of the Company’s non-API products from China Petroleum & Chemical Corporation Northwest Oilfield Branch (”SINOPEC Northwest”).In March 2008, WSP Holdings signed a purchase agreement with SINOPEC Northwest through which the Company will sell 5,300 tonnes of non-API casing pipe to SINOPEC Northwest. Most of the order is for casing pipe that is specially manufactured to prevent corrosion from hydrogen sulfide (H2S). This anti-H2S corrosion pipe is more technology-intensive to manufacture than ordinary pipe. WSP Holdings expects to complete delivery by May 2008.SINOPEC Northwest operates some of the deepest oil and gas wells in China. These wells are subject to corrosive conditions and can be saturated with H2S. The Company’s anti-H2S corrosion casing pipe meets SINOPEC Northwest quality standards, and is a substitute for SINOPEC Northwest’s usual purchases from overseas. SINOPEC Northwest previously placed an purchase order for 3,700 tonnes of non-API products from WSP Holdings earlier this year.”The successful sale of our products for use in extreme conditions to SINOPEC shows that our products are competitive with those produced by international manufacturers. This new order represents our further penetration into the Xinjiang province market, and expands our non-API market share in China. We believe this purchase agreement will lead to further sales of our high quality non-API products to SINOPEC Northwest and other oil and gas exploration companies,” said Mr. Longhua Piao, Chairman and CEO of WSP Holdings.About WSP Holdings LimitedWSP Holdings develops and manufactures seamless Oil Country Tubular Goods (OCTG), including seamless casing, tubing and drill pipes used for on-shore and off-shore oil and gas exploration, drilling and extraction, and other pipes and connectors. Founded as WSP China in 1999, the Company offers a wide range of API and non-API seamless OCTG products, including products that are used in extreme drilling and extraction conditions. The Company’s products are used in China’s major oilfields and are exported to oil producing regions throughout the world. The Company’s website is: .Safe Harbor StatementsSafe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company’s ability to develop and market new products, the ability to access capital for expansion, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in principal product profits and other factors detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to update or revise to the public any forward-looking statements, whether as a result of new information, future events or otherwise. This press release was developed by WSP Holdings, and is intended solely for informational purposes and is not to be construed as an offer or solicitation of an offer to buy or sell the Company’s stock. This press release is based upon information available to the public, as well as other information from sources which management believes to be reliable, but it is not guaranteed by WSP Holdings to be accurate, nor does WSP Holdings purport it to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice. For more information, please contact: WSP Holdings Limited Mr. Thi Yip Kok, Chief Financial Officer Tel: 86-510-8536-0401 Email: CCG Elite Investor Relations, Inc. Mr. Crocker Coulson, President Tel: 1-646-213-1915 (New York) Email: WSP Holdings Limited

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HOUSTON, March 24 /PRNewswire-FirstCall/ — Deep Down, Inc. (BULLETIN BOARD: DPDW) announced today that it has converted all 5,000 shares of Series D Convertible Preferred Stock outstanding and held by Ronald E. Smith, President and CEO and Mary L. Budrunas, VP, into 25,866,529 shares of common stock of Deep Down. The Series D Convertible Preferred Stock was convertible at $0.1933 per share. The Holders of Series D Convertible Preferred Stock also had the option, beginning April 29, 2008, to force the Company to use up to 15.625% of the prior year’s audited net income to redeem shares of Series D Preferred Stock held by them at $1,000 per share.”Ron Smith and Mary Budrunas are once again signaling their confidence in the future operations of Deep Down by giving up their preference rights embedded in the preferred securities. We enthusiastically welcome this conversion, which continues the Company’s efforts to simplify and strengthen its balance sheet. This conversion eliminates the potential redemption obligation and increases the equity on our balance sheet,” said Robert E. Chamberlain, Jr., Chairman and Chief Acquisition Officer.About Deep Down, Inc.Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.The Company’s ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.The Company’s Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.The Company’s strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down’s customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit and Company information distributed through the Market Access Program is based upon information that Standard & Poor’s considers to be reliable, but neither Standard & Poor’s nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered “forward-looking statements,” generally preceded by words such as “plans,”"expects,”"believes,”"anticipates,” or “intends.” We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission. Deep Down, Inc.

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