Mccoy Global Inc. press release
McCoy Corporation commences operations at its second international sales and service location in Singapore
TSX - Toronto Stock Exchange ยท Canada
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EDMONTON, Dec. 2, 2013/CNW/ - McCoy Corporation("McCoy" or "the Company") (TSX: MCB) (OTCQX: MCCRF), today announced that it has opened the second of its four planned international sales and service centers. Based in Singapore, McCoy Global Singapore Pte. Ltd. will provide a platform to service customers in the Asia Pacificregion.
"Singaporeis strategic location that will support the Asia Pacificdrilling and completions markets, which have experienced an increase in offshore drilling activity over the past three years," said Jim Rakievich, President and CEO of McCoy. "Our international technical sales and service strategy aims to optimize customer responsiveness and increase lifecycle revenue opportunities. We are looking forward to establishing two additional sales and service centers in Middle Eastand Latin Americain 2014."
In addition to the expansion of the U.S. and Canadian sales and service operations in Houstonand Edmontonearlier this year, McCoyopened its first international sales and service location in Aberdeen, Scotlandin August 2013, and has plans to open two additional international facilities during 2014. The Company shipped products to 51 countries in 2012, with international Energy Products and Services sales increasing more than 39 percent compared to 2011.
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, Texas, Aberdeenand Singapore.
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
Copyright CNW Group 2013