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         Rebranding Consistent with Ongoing Corporate Transformation

HOUSTON, Sept. 21 /PRNewswire-FirstCall/ — Input/Output, Inc. (NYSE: IO)
announced today that it has changed its company name to ION Geophysical
Corporation. The name change, which is effective immediately, will be
accompanied by a rebranding initiative that reflects the company’s evolution
from its legacy as a seismic equipment manufacturer to its present position as
a broad-based provider of cutting-edge imaging technologies, services, and
solutions for the global oil & gas industry.

“The ongoing transformation of the company forced us to revisit our
corporate identity,” said Bob Peebler, President and CEO of ION. “As proud as
we are of our heritage in developing innovative geophysical instruments, we
have moved beyond our roots in seismic equipment. Following the acquisitions
of Concept Systems and GX Technology, I/O added significant capabilities in
both data management software and advanced imaging services. The people and
the core technologies of these acquired companies have enabled us to develop
revolutionary seismic solutions such as FireFly(R), our integrated ecosystem
of hardware, software, and data processing services for cableless land seismic
imaging. We expect to develop additional innovative solutions in the years
ahead as we build the leading seismic imaging company of the 21st century.
Our company’s lines of business and our vision for the future have simply
outgrown the Input/Output name.”

The company will remain incorporated in the state of Delaware and continue
to trade under the ticker symbol ‘IO’ on the New York Stock Exchange. The
company’s web site can now be accessed at http://www.iongeo.com.

“The name ION was chosen because it represents a simple transition from
I/O,” stated Chris Friedemann, Senior Vice President of Corporate Marketing
for ION. “The addition of the ‘N’ conveys ‘I/O Now’ as well as ‘I/O Next,’
reflecting both our offerings of today and our innovations of tomorrow. An
ion is an atom that has gained or lost electrons and, as a result, is both
energized and in a state of flux. ION symbolizes our corporate growth history
and the capabilities we have gained through acquisition. At another level,
the dynamic nature of the ion reflects our restless passion for developing
state-of-the-art products, services, and solutions that are tailored to the
unique requirements of each customer we serve and project we undertake.”

The brand transition will be supported through an integrated promotional
campaign that includes print, on-line, and multimedia initiatives. ION has
adopted a new tagline — Charged with Innovation(TM) — to reflect the
company’s tradition of developing revolutionary geophysical products and
services such as VectorSeis(R), FireFly, DigiFIN(TM), and the reverse time
migration (RTM) imaging technique.

Media Event

ION will be unveiling its new corporate identity at the SEG annual
convention next week in San Antonio, Texas. Members of the media are invited
to attend a special launch event at ION’s booth #1229 at 10:30 am on Tuesday,
September 25.

About ION

ION is a leading provider of geophysical technology, services, and
solutions for the global oil & gas industry. ION’s offerings allow E&P
operators to obtain higher resolution images of the subsurface to reduce the
risk of exploration and reservoir development, and enable seismic contractors
to acquire geophysical data more efficiently. Additional information about
ION is available at http://www.iongeo.com.

The information included herein contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Actual results may vary fundamentally
from those described in these forward-looking statements. All forward-looking
statements reflect numerous assumptions and involve a number of risks and
uncertainties. These risks and uncertainties include risk factors that are
disclosed by ION from time to time in its filings with the Securities and
Exchange Commission.

Contacts
ION (Investor relations)
Chief Financial Officer
Brian Hanson, +1 281.879.3672

ION (Media relations)
Director – Corporate Marketing
Kelly Kline, +1 281.468.5224
kkline@iongeo.com

SOURCE ION Geophysical Corporation

Web site: http://www.iongeo.com
(IO)