Mccoy Global Inc. press release
McCoy Corporation announces senior management promotions to support international growth of Drilling and Completions Division
TSX - Toronto Stock Exchange ยท Canada
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EDMONTON, Oct. 31, 2013/CNW/ - McCoy Global("McCoy" or "the Company") (TSX:MCB) (OTCQX:MCCRF), today announced that, effective November 1, 2013, Kenny Watt, McCoy'scurrent Vice President ("VP") of Global Service, will become VP Global Sales and Service; and Ron Roling, McCoy'scurrent VP of Sales and Marketing, will become VP Technical and Product Development.
"Developing innovative Drilling and Completions products and providing our customers with sales and service support across the globe is the foundation of McCoy'sgrowth strategy," said Jim Rakievich, President and CEO of McCoy. "As McCoyexecutes on this strategy, I am confident that Ron Rolingwill effectively lead McCoy'snew product development initiatives, and that Mr. Watt's leadership of both the Sales and Service groups will enable McCoyto optimize customer responsiveness."
As VP Global Sales and Service, Kenny Wattwill be responsible for both the Sales and Service groups. As VP, Technical and Product Development, Ron Rolingwill be responsible for the Technical and Product Development group, which provides technical expertise to customers and develops and implements strategies for new and existing McCoyproducts.
The Company shipped products to 51 countries in 2012, with international sales increasing more than 39 percent over 2011.
McCoyrecently opened an international sales and service location in Aberdeen, Scotlandto support the North Sea region as well as Europe, and established a second location in Singapore. The Company plans to open two additional global locations in the Middle Eastand Latin Americaduring 2014.
Forward-Looking Information
_This News Release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by McCoy, including expectations and assumptions concerning fluctuations in the level of oil and gas industry capital expenditures, McCoy'sability to integrate acquired businesses and complete strategic acquisitions of additional businesses and other factors that affect demand for McCoy'sproducts. Although McCoybelieves that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because McCoycan give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause McCoy'sactual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, fluctuations in oil and gas prices, fluctuations in the level of oil and gas industry capital expenditures and other factors that affect demand for McCoy'sproducts, industry competition, the need to effectively integrate acquired businesses, uncertainties as to McCoy'sability to implement its business strategy effectively in Canadaand the United states, labour, equipment and material costs, access to capital markets, interest and McCoy'sability to attract and retain key personnel. Additional information on these and other factors is available in continuous disclosure materials filed by McCoywith Canadian securities regulators. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this News Release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. McCoyundertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law._
About McCoy
McCoyprovides innovative products and services to the global energy industry. McCoy'stwo segments, Energy Products & Services and Mobile Solutions, operate internationally through direct sales and distributors with its operations based out of Western Canadaand the U.S. Gulf Coast. McCoy'scorporate office is located in Edmonton, Alberta, Canadawith offices in Alberta, British Columbia, Louisiana, Texasand Aberdeen.
SOURCE McCoy Corporation
Mr. Peter Watson McCoy Corporation Vice President, Legal and Corporate Secretary
Phone: (832) 303-7410 E-mail:info@mccoyglobal.com Website:www.mccoyglobal.com
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