SSP Announces Engagement of Sundt Offshore As Exclusive Financial Advisor and Vessel Broke

HOUSTON, Feb. 20, 2014 /CNW/ - SSP Offshore Inc. ("SSP") today announced that it has entered into an agreement with Sundt Offshore AS of Oslo, Norway as its exclusive financial advisor and exclusive vessel broker. Sundt Offshore AS is a boutique second-generation brokerage and financial advisor focused on the offshore maritime space.

Sundt Offshore will endeavor with management of SSP to secure contracts for SSP's proprietary line of floating vessel designs in the offshore oil and gas industry, and to source and evaluate potential strategic alliances, investors and transactions for SSP at the corporate level.

ABOUT SSP OFFSHORE INC.

SSP Offshore is a public company listed under the symbol "SSZ" on the TSX Venture Exchange. SSP Offshore is actively commercializing its proprietary SSP® FPSO platform design in multiple formats for FPSO, deepwater drilling and logistics hub applications. For more information, visit the company's website at www.sspoffshore.com.

FORWARD-LOOKING STATEMENTS DISCLOSURE

Statements contained in this news release that state SSP's management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements.  These forward-looking statements include statements regarding expected revenues, commencement dates, the impact of activity levels, business performance, and market and industry conditions.  It is important to note that the actual results of the relevant company could differ materially from those projected in such forward-looking statements.  Additional information concerning factors that could cause actual results to different materially from those in the forward-looking statements is contained from time to time in SSP's SEDAR filings, including but not limited to its MD&A and financial statements. SSP Offshore Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future events or otherwise.

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The TSXV has neither approved nor disapproved of this press release.

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SOURCE SSP Offshore Inc.

For further information:

L. Daniel Wilson, President, at (403) 358-1110 (phone); or via email at dwilson@sspoffshore.com