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TSX Venture Exchange Symbol "BRY"
EDMONTON, June 3 /CNW/ - Bri-Chem Corp. ("Bri-Chem") (TSX Venture Exchange: BRY) a leading Canadian wholesale distributor of industrial drilling fluids, steel products and services, today announced its has changed the name of its wholly-owned subsidiary company, Weifang Steel Canada Ltd., to Bri-Chem Steel Corporation.
Bri-Chem Steel Corporation is an Alberta based wholesale distributor of steel products to the resource and construction markets in Western Canada and Eastern United States. Bri-Chem Steel Corporation sells various diameters of carbon steel welded pipe, carbon steel seamless pipe, stainless steel pipe, drill pipe, tubing and casing, sucker rods as well as fittings and flanges which are primarily used in the oil and gas industry. Bri-Chem Steel Corporation also distributes steel products to non-oilfield related industries such as construction, industrial and mining.
"The name change reflects our long-term strategy to advance our global presence and more closely align our identity with that of Bri-Chem Corp," stated Don Caron, CEO of Bri-Chem. "We are very energized with the potential that Bri-Chem Steel Corporation has brought to our organization and look forward to the many new opportunities we see in the future."
About Bri-Chem
Bri-Chem operates out of its head office located in Acheson, Alberta and its principal activity is the wholesale/distribution of drilling fluids, steel products and services to the resource, industrial and construction industries in North America.
Forward Looking Statements
Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "anticipate", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward looking statements. Such forward looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Bri-Chem Corp. to be materially different from any future results, performances or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, fluctuations in oil and gas activity levels, political and economic conditions, and the demand for products provided by Bri-Chem Corp.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.