Investors: 2005 Press Release Archive
HSE Announces Intention to Acquire On-Site First Aid Services Company in Ft. St. John, B.C.
NEWS RELEASE – October 4, 2005
HSE Integrated Ltd. (“HSE” or the “Company”) is pleased to announce that it has entered into a non-binding Letter of Intent (“LOI”) to acquire the shares of 595073 B.C. Ltd. which provides on-site industrial first aid services under the name Sutherland’s First Aid and Oilfield Services (“Sutherland’s”).
Jackie Sutherland, the founder and sole shareholder, has agreed to join HSE in its Ft. St. John location and assist in providing quality industrial first aid services to Sutherland’s and HSE’s clients. The all-cash transaction at an undisclosed purchase price will close as quickly as possible. Sutherland’s was founded in 1999. All employees of Sutherland’s will be offered continued employment and HSE.
David Yager, Chairman and CEO of HSE, had the following comments.
“On-site industrial first aid has been the fastest-growing component of the oilfield safety services package for the past few years. With Sutherland’s, HSE gets more capacity and clients in the active B.C. market. Because Jackie Sutherland will be joining the HSE team, we will continue to service her clients in the quality manner to which they have become accustomed and enhance HSE’s capabilities in this important service.”
HSE is an integrated supplier of industrial Health, Safety and Environmental services. From its head office in Calgary, Alberta, its serves its clients from field service locations in Alberta, British Columbia, Ontario, Nova Scotia and Michigan. HSE trades on the TSX Venture Exchange under the symbol “HSL”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information please contact:
David Yager, Chairman & CEO
Telephone: (403) 266-1833
E-Mail:
Tony Hidalgo, Chief Financial Officer
Telephone: (403) 266-1833
E-Mail: