CALGARY, May 22, 2014 /CNW/ - Stuart Olson Inc., formerly The Churchill Corporation, (TSX: CUQ,
CUQ.DB) (the "Corporation") today announced the results from its annual and
All matters submitted to the vote of shareholders were approved,
including a resolution to change the Corporation's name. As a result,
the Corporation will begin immediately to operate as Stuart Olson Inc.
"We are pleased with the high level of shareholder support for unifying
the Corporation under a common brand," said David LeMay, President and
Chief Executive Officer of the Corporation. "This will increase our
competitiveness and help customers recognize our size and scope as an
integrated solutions provider in the Canadian construction services
The Corporation expects that its common shares and convertible
debentures will start trading under the symbols SOX and SOX.DB,
respectively, later in May of this year. No action is required by
shareholders with respect to this change.
In addition to the name change, all nominees listed in Churchill's
notice of meeting and information circular dated April 25, 2014, were
elected as directors.
About Stuart Olson Inc.
Stuart Olson Inc. provides building construction, commercial and
industrial electrical contracting, earthmoving and industrial
insulation services to an array of public and private sector clients.
Stuart Olson operates office locations throughout British Columbia,
Alberta, Saskatchewan, Manitoba and Ontario. Stuart Olson common shares
and convertible debentures will be listed on the Toronto Stock Exchange
under the symbols "SOX" and "SOX.DB", respectively.
Forward Looking Information This press release contains certain
statements that may constitute forward-looking information within the
meaning of applicable securities laws. This forward-looking information
includes, without limitation, the statements pertaining to the impact
of the name change to the Corporation's competitiveness and overall
recognition. Often, but not always, forward-looking information can be
identified by the use of such words as "may", "will", "expect",
"believe", "plan", "intend", "estimate", "outlook", "forecast",
"should", "anticipate" and other similar terminology, including
statements concerning possible or assumed future results.
Forward-looking information is based on management's reasonable
assumptions, analysis and estimates in respect of its experience and
perception of trends, current economic conditions, government policies
and expected developments, as well as other material factors that it
considers to be relevant at the time of making such statements.
The forward-looking information in this press release is included solely
for the purpose of assisting investors in understanding the
Corporation's financial position and the results of its operations as
at the date hereof. By its nature, forward-looking information involves
known and unknown risks and uncertainties, which give rise to the
possibility that management's assumptions, analysis and estimates will
be incorrect and that the Corporation's anticipated results will not be
achieved. Although the Corporation believes that the statements with
respect to forward-looking information are reasonable and current, such
statements should not be interpreted as a guarantee of future
performance or results, and will not necessarily be an accurate
indication of whether or not such results will be achieved.
Forward-looking information is necessarily subject to a number of
factors that may cause actual results to differ materially from those
results implied by the expectations suggested by such information.
Those factors include, without limitation, the risks and uncertainties
described in the Corporation's Annual Information Form filed with the
securities regulatory authorities in Canada under the Corporation's
profile at www.sedar.com. Readers are encouraged to consider the foregoing risks and other
factors carefully when evaluating the forward-looking information and
are cautioned not to place undue reliance upon such information when
making investment decisions.
The forward-looking information in this press release is current to the
date hereof, and is subject to change following such date. While the
Corporation may elect to do so, unless required by applicable law, it
undertakes no obligation to update this information to reflect new
information or circumstances at any particular time.
Image with caption: "Suart Olson Inc. Corporate Logo (CNW Group/The Churchill Corporation)". Image available at: http://photos.newswire.ca/images/download/20140522_C9635_PHOTO_EN_40676.jpg
SOURCE: The Churchill Corporation
For further information:
For further information please go to the Company's website http://www.churchillcorporation.com/ or contact firstname.lastname@example.org.