Investors: 2005 Press Release Archive
HSE Closes Acquisition of Standard Safety
NEWS RELEASE – September 6, 2005
HSE Integrated Ltd. (“HSE” or the “Company”) is pleased to announce that it has completed the previously announced acquisition (August 3) of certain assets and the oilfield safety services business of Standard Safety and Consulting Services (1978) Ltd. (“Standard”) of Edmonton. All management and employees of
Standard have been offered continued employment with HSE and they have all accepted positions. In addition, HSE will be taking over their service facility in Edmonton and their industrial safety training facility in Nisku in order to maintain continuity in serving Standard’s existing clients and to better serve HSE’s clients.
David Yager, Chairman and CEO of HSE, made the following comments on the Standard acquisition.
“Acquiring the assets and business of Standard Safety is concurrent with HSE’s strategy of consolidating the upstream petroleum industry in a larger and better capitalized entity. Through expansion, HSE is considerably more capable of supporting our clients and their commitment to protecting workers, assets and the community. HSE’s mission is to be the largest and most respected supplier of industrial health and safety services in the business. The transaction with Standard meets both of our Company’s objectives”.
Forward Looking Statements
Statements in this document that may be considered forward-looking are based on management's current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated.
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: