Trading Symbol: MCV
TORONTO, Sept. 4 /CNW/ - McVicar Resources Inc. ("McVicar" or the
"Company") is pleased to announce that it has filed Articles of Amendment to
change its name to McVicar Industries Inc.
"The name change to McVicar Industries Inc. is more reflective of
McVicar's business in the industrial markets," said Gang Chai, President & CEO
McVicar shares will commence trading on September 8, 2008 under its new
name but without any change to its trading symbol. Letters of Transmittal will
be mailed to registered shareholders as soon as practicable inviting them to
exchange their existing share certificates for certificates in the name of
McVicar Industries Inc.
McVicar is a Canadian company with operations in China, mainly focusing
on the specialty chemicals. The Company has three subsidiaries located in the
east coast of China: Hongbo Chemical Co. Ltd. ("Hongbo"), Changlong Chemical
Ltd. ("Changlong") and Luyuan Chemical Co. Ltd. ("Luyuan").
Hongbo is a developer, manufacturer and supplier of specialty chemical
products used in the personal care, pharmaceutical and industrial chemical
markets. Hongbo's customers include major international and Chinese chemical
companies. The company has recently received a series of orders from
international companies. Changlong is a developer, manufacturer and supplier
of specialty chemical products used in the pharmaceutical industry. The
company possesses the technologies of chemical synthesizing under high
pressure. Its customers are mainly Chinese pharmaceutical companies. Luyuan
produces chemicals that are key supplies to products that Hongbo provides for
This press release contains forward-looking statements which reflect the
Corporation's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual results
could differ materially from those projected herein. Although we believe that
our expectations are based on reasonable assumptions, we can give no assurance
that our expectations will materialize.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Ms. eXavier Peterson at: 55 University Avenue,
Suite 605, Toronto, ON, M5J 2H7, Tel: (416) 366-7420, Fax (416) 366-7421,