Business
McCoy Corporation commences operations at its first international sales and service location in Aberdeen, Scotland
EDMONTON , Aug. 13, 2013 /CNW/ - McCoy Corporation ("McCoy" or "the Corporation") (TSX...
About this update from Mccoy Global Inc.
[{"type":"text","content":"\n\n\nEDMONTON, Aug. 13, 2013 /CNW/ - McCoy Corporation (\"McCoy\" or \"the Corporation\") (TSX:MCB; OTCQX:MCCRF) today announced\n that it has agreed to terms on a leased facility in Aberdeen, Scotland\n and opened the first of its four planned international sales and\n service centers.\n\n\n\"Aberdeen is a strategic location to support the international drilling\n and completions markets in the North Sea, continental Europe and\n Africa. This is an integral component of McCoy's growth strategy to\n increase both our international footprint and product lifecycle\n revenues,\" said Jim Rakievich, President and CEO of McCoy.  \"This\n facility, and future locations, will enable us to more efficiently meet\n the service needs of our international customers with the potential to\n generate additional revenue and expand the McCoy Global brand.\" stated\n Aberdeen based Kenny Watt, Vice President, Global Service.\n\n\nMcCoy recently established a second international sales and service\n location in Singapore, and has plans to open two additional\n international facilities in strategic locations during 2014.  McCoy\n delivered products and services to 51 countries in 2012, with\n international sales increasing more than 39 per cent over 2011.\n\n\nForward-Looking Information\n\n\nThis News Release contains forward-looking statements and\n forward-looking information within the meaning of applicable securities\n laws. The use of any of the words \"expect\", \"anticipate\", \"continue\",\n \"estimate\", \"objective\", \"ongoing\", \"may\", \"will\", \"project\", \"should\",\n \"believe\", \"plans\", \"intends\" and similar expressions are intended to\n identify forward-looking information or statements. The forward-looking\n statements and information are based on certain key expectations and\n assumptions made by McCoy, including expectations and assumptions\n concerning fluctuations in the level of oil and gas industry capital\n expenditures, McCoy's ability to integrate acquired businesses and\n complete strategic acquisitions of additional businesses and other\n factors that affect demand for McCoy's products. Although McCoy\n believes that the expectations and assumptions on which such\n forward-looking statements and information are based are reasonable,\n undue reliance should not be placed on the forward-looking statem...