Business
McCoy Corporation commences operations at its second international sales and service location in Singapore
EDMONTON , Dec. 2, 2013 /CNW/ - McCoy Corporation ("McCoy" or "the Company") (TSX: MCB...
About this update from Mccoy Global Inc.
[{"type":"text","content":"\n\n\nEDMONTON, Dec. 2, 2013 /CNW/ - McCoy Corporation (\"McCoy\" or \"the Company\") (TSX: MCB) (OTCQX: MCCRF), today announced\n that it has opened the second of its four planned international sales\n and service centers. Based in Singapore, McCoy Global Singapore Pte.\n Ltd. will provide a platform to service customers in the Asia Pacific\n region.\n\n\n\"Singapore is strategic location that will support the Asia Pacific\n drilling and completions markets, which have experienced an increase in\n offshore drilling activity over the past three years,\" said Jim\n Rakievich, President and CEO of McCoy. \"Our international technical\n sales and service strategy aims to optimize customer responsiveness and\n increase lifecycle revenue opportunities. We are looking forward to\n establishing two additional sales and service centers in Middle East\n and Latin America in 2014.\"\n\n\nIn addition to the expansion of the U.S. and Canadian sales and service\n operations in Houston and Edmonton earlier this year, McCoy opened its\n first international sales and service location in Aberdeen, Scotland in\n August 2013, and has plans to open two additional international\n facilities during 2014. The Company shipped products to 51 countries in\n 2012, with international Energy Products and Services sales increasing\n more than 39 percent compared to 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 informat...