TSX Venture Exchange Symbol "BRY"
EDMONTON, May 6 /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 that Mr. Alan Campbell,
Chief Executive Officer of Bri-Chem has retired effective April 30, 2009. Mr.
Campbell will continue to serve as an independent member on the Company's
Board of Directors and Audit Committee.
"We sincerely thank Mr. Campbell for his contributions to Bri-Chem over
the past several years", stated Don Caron, Chairman of Bri-Chem. "In addition,
we are fortunate to have Mr. Campbell continue to provide his fifty plus years
of industry experience to our board of directors."
Don Caron, current Chairman of Bri-Chem Corp., will now assume the
responsibility of President and Chief Executive Officer. Since January 2007,
Mr. Caron has been actively involved with the daily activities of Bri-Chem has
been instrumental in closing three major acquisitions, securing over $50M of
capital and debt financings, and directly participated in numerous corporate
activities and investor engagements.
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)