CALGARY, Alberta, July 22, 2024 (GLOBE NEWSWIRE) -- Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX-V: TGH; OTCQX: TGHLF) announced today that its annual general and special meeting of shareholders (the “AGM”), which was originally scheduled to be held on Wednesday August 21, 2024, has been cancelled and rescheduled to be held on Tuesday September 24, 2024. The Company’s Board of Directors determined that it would be in the best interest of the Company to reschedule the AGM for a variety of reasons, including a potential change to at least one resolution.
Further details on the rescheduled AGM will be contained in a new Notice of Meeting and Management Information Circular that will be mailed to the shareholders of the Company as of the new record date and filed on SEDAR+.
Additionally, Brett Newton, President and CEO of Tornado, shared insights on the Company's performance, stating, “As we announce the rescheduling of our AGM, I am pleased to share that the market demand for our hydrovac trucks remains robust. To meet this growing demand, we are actively increasing our production capacity. Additionally, we are dedicated to innovation and are currently developing new products that will further enhance our offerings. Our commitment to excellence and innovation ensures that we continue to provide top-quality solutions for our customers.”
About Tornado Global Hydrovacs Ltd.
Tornado is a pioneer and leader in the vacuum truck industry and has been a choice of utility and oilfield professionals with over 1,400 hydrovacs sold since 2005. The Company designs and manufactures hydrovac trucks as well as provides heavy duty truck maintenance operations in central Alberta. It sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Hydrovac excavation methods are quickly becoming a standard in North America to safely excavate in urban areas and around critical infrastructure greatly reducing infrastructure damage and related fatalities.
For more information about Tornado Global Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
| Brett Newton President and Chief Executive Officer Phone: (587) 802-5070 Email: bnewton@tghl.ca | Derek Li Vice President, Finance Phone: (403) 204-6350 Email: dli@tghl.ca |
Advisory
Certain statements contained in this news release constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact are forward-looking statements. The use of the words “anticipates”, “should”, ‘‘may”, “expected”, “expects”, “believes” and other words of a similar nature are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Tornado believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include those with respect to the potential change to at least one resolution, the anticipated mailing and filing on SEDAR+ of a new Notice of Meeting and Management Information Circular to the shareholders of the Company as of the new record date, the anticipated increase in production capacity, and the anticipated development of new products that are expected to enhance the Company’s service offerings. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Tornado. Although Tornado believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. The forward-looking statements contained in this news release represent Tornado’s expectations as of the date hereof and are subject to change after such date. Tornado disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.
Neither the Exchange nor its Regulation Service Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.
