Oceanex Proud to be Named One of Canada's 50 Best Managed Companies

ST. JOHN'S, NL, Feb. 21, 2012 /CNW/ - Oceanex Inc. is proud to be named as one of Canada's 50 Best Managed Companies for 2011. This prestigious national award is sponsored by Deloitte, CIBC, National Post, and Queen's School of Business. "Over the past 19 years, Canada's 50 Best Managed Companies program has recognized the most innovative and Best Managed Companies in Canada. We are delighted to celebrate the accomplishments of Oceanex Inc," said John Hughes, Partner, Private Company Services, Deloitte.

"Receiving this award is truly a testament to the collective efforts of our employees, both onshore and onboard our ships, the Oceanex Avalon, Oceanex Sanderling, and MV Cabot", says Captain Sid Hynes, Executive Chairman at Oceanex. "We greatly appreciate our experienced and knowledgeable employees who ensure we consistently offer an efficient and reliable service to our customers throughout Newfoundland and Labrador."

Celebrating its 19th anniversary, Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. Program sponsors are Deloitte, CIBC, National Post, and Queen's School of Business. For further information, visit www.canadas50best.com.

Oceanex Inc, a privately owned corporation, offers a complete range of shipping and trucking services to Newfoundland and Labrador from anywhere in North America and sets the pace in service efficiency, safety and reliability. Over the past 100 years, shippers have come to rely upon Oceanex's fixed-day schedules, on-time performance and dependable, quality service.

Image with caption: "Captain Sid Hynes, Executive Chairman of Oceanex Inc., at the company's corporate office in St. John's, Newfoundland. The model is of the Oceanex Avalon, the newest vessel in the Oceanex fleet. (CNW Group/OCEANEX INC.)". Image available at: http://photos.newswire.ca/images/download/20120221_C6008_PHOTO_EN_10260.jpg

SOURCE OCEANEX INC.

For further information:

Captain Sidney J. Hynes
Oceanex Inc.
709-758-0382
709-758-0360 (Fax)
sid@oceanex.com
www.oceanex.com

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