McCoy Corporation ("McCoy" or the "Corporation") (TSX:MCB) today announced the resignation of David Macdonald as a Director of the Corporation, effective immediately. David resigned as a condition of his employment at Blackmont Capital Inc.
"David has been a strong contributor to the Board since he was first elected in 2002," said Kerry Brown, McCoy's Chairperson of the Board. "The Board will miss his business acumen and perspective on the public markets. David was also a member of the Audit Committee, and I will be filling that role on a temporary basis. We are fortunate to have two new strong nominees standing for election by the shareholders at the annual meeting on May 14, 2008".
About McCoy CorporationMcCoy Corporation is a well-established services and equipment provider focused primarily on the global oil and gas sector. McCoy has three operating segments: Energy Products and Services ("EP&S"), Trailer Manufacturing ("TLM") and Truck and Trailer Products and Services ("TT&S"). McCoy's EP&S segment is the leading worldwide manufacturer of tubular make-up power tongs used on drill rigs to thread sections of drill and casing pipe together. EP&S also manufactures vacuum tanks, hydrovac systems and dies and inserts for oilfield tools, and produces wear-reducing coatings for drilling tools and oilsands equipment. TLM is the leading Western Canadian manufacturer of custom heavy duty trailers serving the oil and gas, forestry and construction markets. TT&S is engaged in heavy duty truck and trailer repairs, maintenance, parts distribution and sales. McCoy employs approximately 750 individuals in Alberta, British Columbia and Louisiana.
This release may contain forward looking statements within the meaning of the "safe harbor" provisions of U.S. and other applicable laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. The Corporation does not assume any obligation to update any forward looking information contained in this news release.
SOURCE: McCoy Corporation
McCoy Corporation Mr. Jim Rakievich President and Chief Executive Officer (780) 453-8707 Email: jrakievich@mccoycorporation.ca Website: www.mccoycorporation.ca
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