McCoy Corporation

McCoy Corporation

September 17, 2007 12:44 ET

McCoy Corporation Announces Increase in Quarterly Dividend Starting in Fourth Quarter 2007

EDMONTON, ALBERTA--(Marketwire - Sept. 17, 2007) - McCoy Corporation ("McCoy" or the "Corporation") (TSX:MCB) today announced that the Board of Directors has approved an increase in the regular quarterly dividend from $0.02 per common share to $0.03 per common share. The increase will take effect in December 2007 and will apply for the dividend payable December 28, 2007 to shareholders of record on December 14, 2007.

About McCoy Corporation

McCoy Corporation is a publicly traded company listed on the Toronto Stock Exchange under the symbol "MCB". McCoy has three operating segments and employs approximately 900 individuals in Alberta, British Columbia and Louisiana.

Energy Products & Services
Farr Canada (a)
Inotec Coatings and Hydraulics Inc.
Rebel Metal Fabricators Ltd.
Superior Manufacturing & Hydraulics Inc.
Precision Die Technologies L.L.C.

Manufactures and services products for conventional and non-conventional oil and gas industry including: hydraulic power tongs, dies and inserts for tongs and slips/elevators, tong trucks, truck and trailer mounted hydrovac and vacuum tanks, computerized torque turn monitoring system, wear and corrosion resistant coatings, and specialized hydraulic services.

Trailer Manufacturing
Scona Trailer Manufacturing (a)
Peerless Limited
Produces lowboys, flat decks, step decks, oilfield, logging and
specialty trailers.

Truck & Trailer Products & Services
The Real McCoy Service Centres (a)
Peerless Limited
Prairie Truck Ltd. (50%)

(a) divisions of McCoy Corporation

Specializes in equipment installation, suspension work, welding, safety inspections, brake service, alignments, frame straightening, axles and hydraulics for heavy-duty and some light-duty trucks.

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.

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