Exhibit 99.1

NEWS

TEAM, INC. P. O. Box 123 Alvin, Texas 77512 For immediate release contact: Ted W. Owen (281) 331-6154

TEAM, INC. REPORTS RESULTS FOR THIRD QUARTER AND REVISES FULL YEAR GUIDANCE

ALVIN, TX, March 31, 2009 — Team, Inc., (NASDAQ: TISI) today reported net income of $2.2 million ($0.11 per diluted share) for its third quarter ended February 28, 2009 compared to net income of $2.9 million ($0.15 per diluted share) for the corresponding prior year quarter. For the current quarter, revenues were $104.3 million compared to $108.8 million for the corresponding prior year quarter.

Net income for the nine months ended February 28, 2009 was $17.4 million ($0.88 per diluted share), up $3.1 million or 22% from the corresponding prior year period. Revenues for the same nine month period were $376.4 million, up $41.7 million or 12% from the prior year period.

Third Quarter Performance

As reported above, Team’s overall revenue during the quarter was $104.3 million, down 4% from the corresponding prior year period. Operating profit in the third quarter ended February 28, 2009 was $3.5 million compared to $6.5 million from the corresponding prior year period. The decrease in operating profit during the quarter was primarily due to decreased revenues across both divisions, as well as decreased job margins in the TMS division associated with the mix of projects performed by that division compared to the prior year quarter.

Due to the softening business environment, Team recently took a number of steps to reduce its overall support costs. Team eliminated approximately 60 sales and support positions from both field and corporate groups and is reducing its discretionary spending. Total savings from these actions is expected to be $6 million annually. Severance charges of $0.4 million were incurred in the third quarter in conjunction with the staffing reductions.

Third quarter results also benefited from the recognition of Federal income tax credits of $0.6 million resulting from research and development activities and human resource initiatives.

Full Year Guidance

As a result of continued weakness in customer demand, Team is reducing its revenue guidance for the current fiscal year by an additional $20 million to approximately $500 million. This implies 4^th quarter revenue of approximately $120 million, down about 17% from the prior year. Reflecting this lower revenue forecast, Team now projects full year earnings to be in a range between $1.05 to $1.20 per share (on a fully diluted basis). The decrease in customer capital projects, the deferral or reduction in scope of turnaround projects this spring, and pricing pressures from customers are the primary drivers of Team’s reduced revenue expectations.

“The uncertainties facing our end markets have never been greater. However, we are reacting quickly to the rapid and evolving changes in near term demand and are focused on maintaining our overall performance and managing our business in balance with market opportunities,” said Phil Hawk, Team’s Chairman and CEO.

Earnings Conference Call

In connection with this earnings release, Team will hold its quarterly conference call on Wednesday, April 1, 2009 at 8:00 a.m. Central Time (9:00 a.m. Eastern). The call will be broadcast over the Web and can be accessed on Team’s Website, www.teamindustrialservices.com. Individuals wishing to participate in the conference call by phone may call 877-826-1586 and use confirmation code 24211986 when prompted.

About Team, Inc.

Headquartered in Alvin, Texas, Team, Inc. is a leading provider of specialty industrial services required in maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries. Team offers these services in over 100 locations throughout the United States, Aruba, Belgium, Canada, Singapore, The Netherlands, Trinidad and Venezuela. Listed as #3 on the Forbes Magazine list of 200 best small companies, Team’s common stock is traded on the NASDAQ Global Select Market under the ticker symbol “TISI”.

Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. We have made every reasonable effort to ensure that the information, assumptions and beliefs upon which this forward-looking information is based are current, reasonable and complete. However, a variety of factors could cause actual results to differ materially from those anticipated in any forward-looking information. Those factors include domestic and international economic activity, interest rates and market conditions for the Company’s customers and their levels of capital and maintenance expenditures, compliance with regulations and changes to regulations, general liability claims and legal proceedings, competition in the marketplace, ability to hire and retain a skilled technical workforce, availability of attractive acquisitions and unforeseen integration difficulty with future acquisitions, and the Company’s successful implementation of its internal operating plans. Accordingly, there can be no assurance that the forward-looking information contained herein will occur or that objectives will be achieved. We assume no obligation to publicly update or revise any forward-looking statements made today or any other forward-looking statements made by the company, whether as a result of new information, future events or otherwise.

TEAM, INC. AND SUBSIDIARIES

SUMMARY OF OPERATING RESULTS

(in thousands, except per share data)

	Three Months Ended				Nine Months Ended
	February 28, 2009		February 29, 2008		February 28, 2009		February 29, 2008
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues	$	104,266	$	108,823	$	376,356	$	334,621
Operating expenses		74,312		75,200		257,208		226,837
Gross margin		29,954		33,623		119,148		107,784
Selling, general and administrative expenses		26,643		27,118		88,433		78,955
Earnings from unconsolidated affiliates		159		—		834		—
Operating income		3,470		6,505		31,549		28,829
Interest expense, net		1,141		1,618		3,966		5,085
Earnings before income taxes		2,329		4,887		27,583		23,744
Provision for income taxes		148		1,953		10,228		9,482
Net income	$	2,181	$	2,934	$	17,355	$	14,262
Earnings per common share:
Basic	$	0.12	$	0.16	$	0.92	$	0.79
Diluted	$	0.11	$	0.15	$	0.88	$	0.73
Weighted average number of shares outstanding:
Basic		18,833		18,339		18,778		18,138
Diluted		19,637		19,816		19,821		19,649
Continuing operations data:
Revenues comprised of:
TCM Division	$	56,144	$	59,110	$	197,525	$	192,305
TMS Division		48,122		49,713		178,831		142,316
	$	104,266	$	108,823	$	376,356	$	334,621
Gross margin comprised of:
TCM Division	$	14,608	$	15,838	$	58,141	$	56,232
TMS Division		15,346		17,785		61,007		51,552
	$	29,954	$	33,623	$	119,148	$	107,784
SG&A expenses:
Field operations	$	21,443	$	22,492	$	73,070	$	66,586
Corporate costs		5,200		4,626		15,363		12,369
Total SG&A		26,643		27,118		88,433		78,955
Earnings from unconsolidated affiliates		159		—		834		—
Operating income	$	3,470	$	6,505	$	31,549	$	28,829

TEAM, INC. AND SUBSIDIARIES

SUMMARY CONSOLIDATED BALANCE SHEET INFORMATION

FEBRUARY 28, 2009 AND MAY 31, 2008

(in thousands)

	February 28, 2009		May 31, 2008
	(unaudited)
Current assets	$	150,316	$	158,214
Property, plant and equipment, net		58,300		56,138
Other non-current assets		55,665		66,109
Total assets	$	264,281	$	280,461
Current liabilities	$	47,505	$	56,744
Long term debt net of current maturities		81,301		96,818
Other non-current liabilities		2,164		6,137
Stockholders’ equity		133,311		120,762
Total liabilities and stockholders’ equity	$	264,281	$	280,461