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
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
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)