Bri-Chem Opens New Texas, USA Based Drilling Fluids Warehouse

Wed Mar 27, 2013 3:56pm EDT

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Marketwire

Bri-Chem Corp.

March 27, 2013 - 03:56:25 PM

Bri-Chem Opens New Texas, USA Based Drilling Fluids Warehouse

EDMONTON, ALBERTA--(Marketwire - March 27, 2013) - Bri-Chem Corp. ("Bri-Chem"
or "Company") (TSX:BRY) a leading North American wholesale distributor and
manufacturer of oil and gas drilling fluids and steel pipe is pleased to
announce that it has further expanded its footprint in the USA drilling fluids
market by adding a new strategically located warehouse for distribution of
drilling fluid products and stimulation additives in Big Spring, Texas. The
new location is situated 45 minutes east of Midland, Texas off of Interstate
20 and is located in the yard of Bri-Chem's transportation partner who will
handle delivery of their drilling fluid products. The drilling activity that
Bri-Chem is targeting to service with the new location is within the Cline
formation in Texas, which lies inside the borders of the Permian Basin. The
Company has also closed and moved out of its Ulster, Pennsylvania warehouse as
drilling activity has shifted to the central and southern part of the state
and can now be serviced out of its Leetsdale, Pennsylvania warehouse.

About Bri-Chem

Since our formation in 1985, Bri-Chem has established two primary segments of
business through a combination of internal growth and acquisitions: Bri-Chem's
Drilling Fluid Division is North America's largest independent wholesale
supplier of drilling fluids for the oil and gas industry. We provide over 100
drilling fluid products, cementing, acidizing and stimulation additives from
30 strategically located warehouses throughout Canada and the United States;
Bri-Chem's Steel Pipe Division is the first company to introduce and construct
a Thermal Pipe Expansion (TPE) facility in North America for manufacturing,
testing and supply of large diameter seamless steel pipe for the energy
industry. Additional information about Bri-Chem is available at www.sedar.com
or at Bri-Chem's website at www.brichem.com. 

Forward Looking Statements

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), 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. By their nature,
forward-looking statements are subject to numerous risks and uncertainties,
some of which are beyond the Company's control, including the impact of
general economic conditions, industry conditions, volatility of commodity
prices, currency fluctuations, environmental risks, demand for oilfield
services for drilling and completion of oil and natural gas wells; volatility
in market prices for steel, oil, natural gas, and natural gas liquids and the
effect of this volatility on the demand for oilfield services generally,
competition from other industry participants, the lack of availability of
qualified personnel or management, stock market volatility and the ability to
access sufficient capital from internal and external sources. Although the
Company believes that the expectations in our forward-looking statements are
reasonable, our forward-looking statements have been based on factors and
assumptions concerning future events which may prove to be inaccurate. Those
factors and assumptions are based upon currently available information. Such
statements are subject to known and unknown risks, uncertainties and other
factors that could influence actual results or events and cause actual results
or events to differ materially from those stated, anticipated or implied in
the forward looking information. As such, readers are cautioned not to place
undue reliance on the forward looking information, as no assurance can be
provided as to future results, levels of activity or achievements. The risks,
uncertainties, material assumptions and other factors that could affect actual
results are discussed in our Annual Information Form and other documents
available at www.sedar.com. Furthermore, the forward-looking statements
contained in this document are made as of the date of this document and,
except as required by applicable law, the Company does not undertake any
obligation to publicly update or to revise any of the included forward-looking
statements, whether as a result of new information, future events or
otherwise. The forward-looking statements contained in this document are
expressly qualified by this cautionary statement.

To receive Bri-Chem news updates send your email to ir@brichem.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Bri-Chem Corp.
Jason Theiss
CFO
(780) 577-0595
jtheiss@brichem.com


CHF Investor Relations
Juliet Heading
Account Manager
(416) 868-1079 x239
juliet@chfir.com


CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 x231
cathy@chfir.com
ir@brichem.com




        

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