McCoy Corporation

McCoy Corporation

March 22, 2007 10:29 ET

McCoy Corporation Proud Business Achievement Award Recipient

EDMONTON, ALBERTA--(CCNMatthews - March 22, 2007) - McCoy Corporation (TSX:MCB) ("McCoy" or the "Corporation") today announced that the Corporation received the Business Achievement Award for 2007 from Edmonton Economic Development Corporation ("EEDC").

At its 12th Annual Luncheon held at the Shaw Conference Centre in Edmonton on Wednesday, March 21, 2007, EEDC presented its Business Achievement Award for 2007 to McCoy Corporation in "recognition of McCoy's commitment to manufacturing best practices and ninety-plus years of outstanding business achievement". EEDC highlighted McCoy Corporation's growth from revenues of $27 million in 2002 to revenues of nearly $150 million in 2006.

Mr. Jim Rakievich, McCoy President and CEO, accepted the award on behalf of McCoy Corporation. In response to EEDC's comment on the Corporation's growth, Mr. Rakievich stated that he was pleased with the growth so far, but added "we're not done yet". Mr. Rakievich commented that the award recognized the hard work and dedication of more than 800 employees who are the key to the Corporation's current and future success. Mr. Rakievich also acknowledged the outstanding work of EEDC in helping make Edmonton a great place to live and carry on business.

About McCoy Corporation

The Corporation has three operating segments and employs approximately 800 individuals in Alberta and British Columbia. The Corporation's shares are traded on the TSX under the symbol "MCB".

Truck & Trailer
Products & Services

The Real McCoy Service Centres(1)
Peerless Limited
Prairie Truck Ltd. (50%)

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

Trailer Manufacturing

Scona Trailer Manufacturing(1)
Peerless Limited

Scona produces lowboys, flat decks, step decks, oilfield floats and
specialty trailers.
Peerless is a market leader in the development of quality oilfield and
logging trailers for Western Canada

Oilfield Products & Services

Farr Canada(1)
Inotec Coatings and Hydraulics Inc.
Rebel Metal Fabricators Ltd.

Manufacture and service products for conventional and non-conventional oil
and gas industry: hydraulic power tongs, tong trucks, trailer mounted
hydrovac and vacuum tanks, computerized torque turn monitoring system, wear
and corrosion resistant coatings and specialized hydraulic services

(1) divisions of McCoy Corporation

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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