McCoy Corporation

McCoy Corporation

March 04, 2008 12:41 ET

McCoy Corporation Announces Quarterly Dividend Record and Payment Dates

EDMONTON, ALBERTA--(Marketwire - March 4, 2008) - McCoy Corporation ("McCoy" or "the Corporation") (TSX:MCB) today announced that the Board of Directors has declared a quarterly cash dividend payment of $0.03 per common share payable on March 28 to shareholders of record on March 14, 2008.

About McCoy Corporation

McCoy Corporation is a well-established services and equipment provided focused primarily on the global oil and gas sector. McCoy has three operating segments: Energy Products & Services ("EP&S"), Trailer Manufacturing ("TLM"), and Truck & Trailer Products & Services ("TT&S"). McCoy's EP&S) segment is the leading worldwide manufacturer of tubular make-up power tongs used on drill rigs to thread sections of drill and casing pipe together. EP&S also manufactures vacuum tanks, hydrovac systems and dies and inserts for oilfield tools, and produces wear-reducing coatings for drilling tools and oil sands equipment. TLM is the leading Western Canadian manufacturer of custom heavy duty trailers serving the oil and gas, forestry and construction markets. TT&S is engaged in heavy duty truck and trailer repairs, maintenance, parts distribution and sales. McCoy employs approximately 750 individuals in Alberta, British Columbia and Louisiana.

This release may contain forward looking statements within the meaning of the "safe harbour" 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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