CALGARY, Jan. 24 /CNW/ - HSE Integrated Ltd. ("HSE") is pleased to announce the closing of the previously announced
(November 16, 2010) acquisition (the "Acquisition") by HSE of all of the issued and outstanding common shares of Taylored
Safety Services Inc. ("Taylored") of Halifax, Nova Scotia. Taylored provides safety consulting services
and industrial heath and safety training to industry.
The Acquisition was effected pursuant to the terms of a share purchase
agreement (the "Agreement") among HSE and the holders of all of the outstanding shares of
Taylored (the "Taylored Shares"). At closing, HSE acquired 100% of the Taylored Shares for a base
consideration equivalent to $ 432,262 satisfied through the issuance of
1,137,532 common shares of HSE.
Tom Hickey, a director and founder of Taylored, has assumed the position
of President of HSE. Jocelyne Clarke, President of Taylored, has
assumed the position of Technical Manager, Consulting Services of HSE.
HSE is an integrated, national supplier of industrial Health, Safety and
Environmental services. From its head office in Calgary, Alberta, it
serves its clients from field service locations in Alberta, British
Columbia, Saskatchewan, Ontario, Nova Scotia, New Brunswick,
Newfoundland-Labrador and Michigan. HSE also operates in Texas through
a jointly owned company called Boots & Coots HSE Services LLC. HSE
trades on the TSX under the symbol "HSL".
SOURCE HSE Integrated Ltd.
For further information:
Chairman and Chief Executive Officer
Phone: (403) 266-1833