Bri-Chem Corp. enters into exclusive distribution agreement TSX Venture Exchange Symbol "BRY"
EDMONTON, Feb. 19 /CNW/ - Bri-Chem Corp. (the "Company") (TSX Venture Exchange: BRY), a fluid supply specialist and industry leader in the wholesale distribution of drilling fluid chemicals and additives to the resource industry in North America, has entered into an exclusive distribution agreement with Colloid Environmental Technologies Company ("CETCO"), an industrial fluids manufacturing company based out of Illinois, USA and a wholly-owned subsidiary of AMCOL International Corp., a company listed on the New York Stock Exchange. As a result of the agreement with CETCO, the Company is pursuing further expansion plans for its Industrial Fluids Division which supplies technologically advanced industrial fluids to various markets including horizontal directional drilling, mining exploration, geothermal and geotechnical, seismic and construction. The agreement with CETCO provides product exclusivity for the provinces of Alberta and Saskatchewan and offers the Company a significant advantage in technology driven fluids including horizontal de-watering applications for the oil sands.
The Company operates out of its head office located in Acheson, Alberta and its principal activity is the wholesale/distribution blending and packaging of drilling fluid supplies for the oil and gas industry. The Company provides over 150 domestic and foreign products to customers throughout Alberta, British Columbia, Saskatchewan and North Dakota, USA.
Forward Looking Statements
Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "anticipate", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward looking statements. Such forward looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Bri-Chem Corp. to be materially different from any future results, performances or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, fluctuations in oil and gas activity levels, political and economic conditions, and the demand for products provided by Bri-Chem Corp.
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