Xanser (NYSE:XNR)
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From Jun 2019 to Jun 2024
Xanser Corporation (NYSE:XNR) today announced that the company’s
name will change to Furmanite Corporation, effective upon shareholder
ratification at the Annual Meeting on May 17, 2007. Furmanite
Corporation will trade on the New York Stock Exchange under the ticker
symbol FRM.
“Through a significant acquisition and a
refinement of our business direction, our company today is very
different from the company a year ago,” said
John R. Barnes, chairman and CEO of Xanser Corporation. “We
are now operating as a single business –
Furmanite – and that’s
why our name will change, reflecting our focus on expanding and building
our worldwide presence in technical services.”
ABOUT XANSER CORPORATION
Xanser Corporation (NYSE:XNR) is a worldwide technical services firm,
which will be renamed Furmanite Corporation (NYSE:FRM) effective with
shareholder ratification at the May 17, 2007 annual meeting.
Headquartered in Dallas, Texas, Xanser owns and operates Furmanite,
one of the world’s largest specialty
technical services companies. Furmanite delivers a broad portfolio of
engineering solutions that keep facilities operating, minimizing
downtime and maximizing profitability. Furmanite’s
diverse, global customer base includes offshore drilling operations,
pipelines, refineries and power generation facilities, chemical and
petrochemical plants, steel mills, automotive manufacturers, pulp and
paper mills, food and beverage processing plants, semi-conductor
manufacturers and pharmaceutical manufacturers. The company’s
customer base also includes U.S. governmental entities. Furmanite
operates more than 50 offices on five continents. For more information,
visit the company’s current Web site at www.xanser.com.
Upon ratification of the name change, the company’s
Web site will be www.furmanite.com.
Certain of the Company’s statements in
this press release are not purely historical, and as such are “forward-looking
statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These include
statements regarding management’s intentions,
plans, beliefs, expectations or projections of the future.
Forward-looking statements involve risks and uncertainties, including
without limitation, the various risks inherent in the Company’s
business, and other risks and uncertainties detailed from time to time
in the Company’s periodic reports filed with
the Securities and Exchange Commission. One or more of these factors
have affected, and could in the future affect the Company’s
business and financial results in future periods, and could cause actual
results to differ materially from plans and projections. There can be no
assurance that the forward-looking statements made in this document will
prove to be accurate, and issuance of such forward-looking statements
should not be regarded as a representation by the Company, or any other
person, that the objectives and plans of the Company will be achieved.
All forward-looking statements made in this press release are based
on information presently available to management, and the Company
assumes no obligation to update any forward-looking statements.