McCoy Corporation
TSX : MCB

McCoy Corporation

September 22, 2009 08:00 ET

McCoy Corporation Appoints Terry Freeman to Board of Directors

EDMONTON, ALBERTA--(Marketwire - Sept. 22, 2009) - McCoy Corporation ("McCoy" or "the Corporation") (TSX:MCB) today announced that Mr. Terry Freeman has accepted an appointment to the Corporation's Board of Directors. At the same time, McCoy announced that Terry McCoy has retired from his position as a director.

Mr. Freeman is a Managing Director of Northern Plains Capital Ltd., a private equity firm specializing in growth-oriented oilfield services and energy industrial investments. He is also the former CFO of Flint Energy Services Ltd. From 1998 to 2007, Mr. Freeman handled the financial and administrative operations of Flint, including investor and banking relations, risk management, mergers and acquisitions and various other executive responsibilities. Prior to that, Mr. Freeman was the Vice President, Finance and Administration of the HMW Construction Group of Companies, Flint's predecessor, from 1992 to 1998. He helped the company grow from $20 million in revenues to $2 billion between 1992 and 2007.

Mr. Freeman currently serves on the Board of Directors for Flint Energy Services and is Chairman of Parelite Investments Corp., a private company in the camp and catering and surface equipment rental business. He is also Treasurer and Board member of the Canterbury Foundation, a not-for-profit organization and is a representative on the University of Alberta Alumni Council.

Terry received his Bachelor of Commerce degree from the University of Alberta in 1982 and his Chartered Accountancy designation in 1985. He is also a graduate of the Institute of Corporate Directors (ICD) Directors Education Program, the CICA In-Depth Tax course, the ICAA CFO Leadership program and a former member of the Young Entrepreneurs Organization (YEO).

Jim Rakievich, President and CEO of McCoy, said that he and his fellow directors are very pleased that Mr. Freeman accepted the appointment. "Mr. Freeman brings not only strong and diverse management experience to McCoy but also proven leadership skills that fit well with the Corporation's strategy," said Mr. Rakievich.

McCoy also announced today the resignation of Terry McCoy as director. Mr. McCoy has given up his position in order to pursue other interests and enjoy his retirement.

Mr. McCoy was the President and Chief Operating Officer of McCoy Corporation from 1998 to May 2000. Prior to that, he was the President of McCoy Bros. Group from 1992 to 1997. Mr. McCoy retired as an employee of McCoy Corporation on May 31, 2000. He has been a director of McCoy Corporation and its predecessor since October 1978, and until his resignation, was also a member of the Audit and Governance Committees.

Mr. Rakievich said that Mr. McCoy has made many significant contributions to the Corporation. He added that, on behalf of the Board, he would like to thank Mr. McCoy for his leadership and dedication and to wish him all the best in the future.

About McCoy Corporation

Established in 1914, McCoy Corporation provides advanced products and services for the global energy industry. McCoy Corporation is comprised of three main operating segments: Energy Products & Services, Trailer Manufacturing and Truck & Trailer Products & Services.

Forward-Looking Information

This news release and the website referenced therein may contain 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 is intended to identify forward-looking information or statements. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause McCoy's actual results and experience to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on forward-looking information that may be contained herein, which is given as of the date it is expressed in this news release or otherwise, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. McCoy undertakes 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.

Contact Information