EDMONTON, AB, Jan. 20, 2021 /CNW/ - McCoy Global
Inc. ("McCoy," "McCoy Global" or "the Corporation") (TSX:
MCB) today announced the addition of Mr. Cory Janssen to its Board of Directors. Mr.
Janssen is the co-founder and co-CEO of machine learning developer,
AltaML Inc. ("AltaML").
"Mr. Janssen is one of Canada's
leading technology entrepreneurs and has an established track
record of utilizing data science to accelerate process
optimization," said Chris Seaver, Chairman of
McCoy. "Cory's unique insights into technology and machine
learning will be invaluable as McCoy rapidly deploys the next stage
of its Digital Technology Roadmap."
"McCoy is initiating the commercialization stage of a
significant transition to a digital and automated future. We are
focused on providing greater value for our customers with
innovative smart technology solutions that maximize efficiency,
reduce costs, while improving safety and wellbore integrity,"
said Jim Rakievich, CEO of McCoy.
"We are eager to leverage Cory's significant data
analytics expertise in shaping our technology future."
In Cory's current role at AltaML, he leads a team focused on
applying artificial intelligence and machine learning models to
deliver predictive decision making. In today's complex
business world, predictive models produce accurate, data-driven
decisions to accelerate competitiveness.
Previously, Mr. Janssen was co-founder of Investopedia.com, a
financial education site that provided content and tools to help
educate individual investors. From its founding in 1999,
Investopedia became one of the most popular financial sites on the
web and was sold to Forbes Media in 2007. The business model for
Investopedia was then replicated through Janalta Interactive Inc.,
a holding company for digital media properties. Cory is
past-President of the Edmonton
chapter for Entrepreneur's Organization and active in the
Alberta entrepreneurial community
as a member of the A100, the Venture Mentoring Service program at
the University of Alberta and as an
associate for Creative Destruction Labs Rockies. He also sits on
the Board of Edmonton Global, the economic development corporation
for the Edmonton Municipal Region, as well as several
private-company advisory boards.
The Company today also announced that Mr. Dale Tremblay has expressed his intent not to
stand for re-election at the Company's next Annual Meeting of
Shareholders.
"The Board of Directors would like to thank Dale for his
dedication to McCoy and for his leadership over the last six
years," said Chris Seaver, Chairman of McCoy. "Since 2015, we
have deeply valued his broad ranging knowledge, significant
contributions and personal dedication to McCoy and wish him the
very best in his future endeavors."
About McCoy Global Inc.
McCoy Global provides technologies designed to support wellbore
integrity and assist with collecting critical data for the global
energy industry. The Corporation operates internationally through
direct sales and distributors with operations in Canada, the United
States of America, and the United
Arab Emirates.
McCoy's corporate headquarters are located in Edmonton, Alberta, Canada. The Corporation's
shares are listed on the Toronto Stock Exchange and trade under the
symbol "MCB".
Forward-Looking Information
This News Release contains forward looking statements and
forward looking information (collectively referred to herein as
"forward looking statements") within the meaning of applicable
Canadian securities laws. All statements other than statements of
present or historical fact are forward looking statements. Forward
looking information is often, but not always, identified by the use
of words such as "could", "should", "can", "anticipate", "expect",
"objective", "ongoing", "believe", "will", "may", "projected",
"plan", "sustain", "continues", "strategy", "potential",
"projects", "grow", "take advantage", "estimate", "well positioned"
or similar words suggesting future outcomes. This New Release
contains forward looking statements respecting the business
opportunities for the Corporation that are based on the views of
management of the Corporation and current and anticipated market
conditions; and the perceived benefits of the growth strategy and
operating strategy of the Corporation are based upon the financial
and operating attributes of the Corporation as at the date hereof,
as well as the anticipated operating and financial results. Forward
looking statements regarding the Corporation are based on certain
key expectations and assumptions of the Corporation concerning
anticipated financial performance, business prospects, strategies,
the sufficiency of budgeted capital expenditures in carrying out
planned activities, the availability and cost of labour and
services and the ability to obtain financing on acceptable terms,
which are subject to change based on market conditions and
potential timing delays. Although management of the Corporation
consider these assumptions to be reasonable based on information
currently available to them, they may prove to be incorrect. By
their very nature, forward looking statements involve inherent
risks and uncertainties (both general and specific) and risks that
forward looking statements will not be achieved. Undue reliance
should not be placed on forward looking statements, as a number of
important factors could cause the actual results to differ
materially from the beliefs, plans, objectives, expectations,
anticipations, estimates and intentions expressed in the forward
looking statements, including inability to meet current and future
obligations; inability to complete or effectively integrate
strategic acquisitions; inability to implement the Corporation's
business strategy effectively; access to capital markets;
fluctuations in oil and gas prices; fluctuations in capital
expenditures of the Corporation's target market; competition for,
among other things, labour, capital, materials and customers;
interest and currency exchange rates; technological developments;
global political and economic conditions; global natural disasters
or disease; and inability to attract and retain key personnel.
Readers are cautioned that the foregoing list is not exhaustive.
The reader is further cautioned that the preparation of financial
statements in accordance with IFRS requires management to make
certain judgments and estimates that affect the reported amounts of
assets, liabilities, revenues and expenses. These judgments and
estimates may change, having either a negative or positive effect
on net earnings as further information becomes available, and as
the economic environment changes. The information contained in this
News Release identifies additional factors that could affect the
operating results and performance of the Corporation. We urge you
to carefully consider those factors. The forward looking statements
contained herein are expressly qualified in their entirety by this
cautionary statement. The forward looking statements included in
this News Release are made as of the date of this New Release and
the Corporation does not undertake and is not obligated to publicly
update such forward looking statements to reflect new information,
subsequent events or otherwise unless so required by applicable
securities laws.
SOURCE McCoy Global Inc.