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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Macro Enterprises Inc | NEO:MCR | NEO | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Macro Enterprises Inc. (the "Company") (TSX VENTURE:MCR) today announced a change in management of the Company. Mr. Norman Rokosh has agreed to step down as Chief Executive Officer and Director of the Company effective September 30, 2008. Mr. Frank Miles, the President of the Company's principal operating subsidiary, Macro Industries Inc., will assume the position of Chief Executive Officer. Mr. Rokosh was appointed CEO of the Company in June, 2007 to lead the growth of the Company through organic and acquisitive means. The Company subsequently announced the acquisition of facilities maintenance contractor, Omineca Oilfield Services Inc., in September, 2007. Presently, the Canadian oil and gas services industry is experiencing near term challenges which has limited the opportunities for continued acquisitive growth. The Company has therefore implemented an internal reorganization to address the current market conditions. "On behalf of the Company I wish to thank Norm for his dedication and efforts. We wish him the best wishes in his future endeavors," said Frank Miles. Macro Enterprises Inc. is a leading oilfield construction and maintenance company with operations centered in Fort St. John, B.C. Macro's activities include pipeline construction, facilities maintenance, custom fabrication and insulating services. Macro is listed on the TSX-Venture Exchange under the symbol MCR-V.
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