TSX Venture Exchange
EDMONTON, June 3 /CNW/ - Bri-Chem Corp. ("Bri-Chem") (TSX Venture
Exchange: BRY) a leading Canadian wholesale distributor of industrial drilling
fluids, steel products and services, today announced its has changed the name
of its wholly-owned subsidiary company, Weifang Steel Canada Ltd., to Bri-Chem
Bri-Chem Steel Corporation is an Alberta based wholesale distributor of
steel products to the resource and construction markets in Western Canada and
Eastern United States. Bri-Chem Steel Corporation sells various diameters of
carbon steel welded pipe, carbon steel seamless pipe, stainless steel pipe,
drill pipe, tubing and casing, sucker rods as well as fittings and flanges
which are primarily used in the oil and gas industry. Bri-Chem Steel
Corporation also distributes steel products to non-oilfield related industries
such as construction, industrial and mining.
"The name change reflects our long-term strategy to advance our global
presence and more closely align our identity with that of Bri-Chem Corp,"
stated Don Caron, CEO of Bri-Chem. "We are very energized with the potential
that Bri-Chem Steel Corporation has brought to our organization and look
forward to the many new opportunities we see in the future."
Bri-Chem operates out of its head office located in Acheson, Alberta and
its principal activity is the wholesale/distribution of drilling fluids, steel
products and services to the resource, industrial and construction industries
in North America.
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
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Don Caron, T: (780) 420-6885, F: (780)