Houstonbeijing

HOUSTON and BEIJING - - ION to Receive US$175 Million Capital Infusion from BGP Majority of ION Debt to be Repaid or Refinanced at Closing ION Geophysical Corporation (NYSE: IO) and BGP Inc., a world-leading geophysical company, today announced that they have signed a term sheet to create a joint venture that will provide land seismic products worldwide.