Laureate Resources & Steel Industries (LRRS: OB) today announced the appointment of Gareth McMurray as Chief Operating Officer of the Company.
Reporting to the Company´s board of directors, McMurray, 38, will be responsible for the development and implementation of the Company´s corporate strategy as well as non organic growth including mergers, acquisitions and partnerships.
Prior to joining Laureate, McMurray served as Sales and Marketing Director at Jesco Seamless Steel Pipe Mill in Jubail, Saudi Arabia (www.taqa.com.sa/sub.asp?pv=jes); a currently under construction seamless steel pipe mill which will be the first in the GCC (Gulf Countries Council) region to produce Oil Country Tubular Goods.
Prior to this, he established the Middle East office of TMK (www.tmk–group.com/activity.php), serving as their Managing Director, with responsibility for all aspects of the company´s regional pipe business. Earlier, McMurray held the positions of Operations Manager and then Manufacturing Manager FSD at Smith International Gulf Services LLC (www.smithgaskets.com), Dubai. From 1986 to January 2000, McMurray held various manufacturing, technical and supervisory positions within British Aerospace Military Aircraft Division, Warton Unit (now BAE Systems - (www.baesystems.com)).
Laureate Resources & Steel Industries is an early stage company whose mission is to become one of the leading manufacturers and suppliers of steel products for use in the oil, gas and energy sectors. Catering to the needs and requirements of both regional and global business, Laureate plans to establish local manufacturing, storage and trading facilities in the tubular steel sector as well as developing a market presence in niche trading areas such as high alloy and corrosive resistant materials. For more information, see www.laureateresources.com.
Forward–Looking Statements
This press release contains ´forward–looking statements´ as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward–looking statements are based upon currently available competitive, financial, and economic data and management´s views and assumptions regarding future events. Such forward–looking statements are inherently uncertain. Laureate Resources cannot provide assurances that any prospective matters described in the press release will be successfully completed or that it will realize the anticipated benefits of any transactions. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential from war or other hostilities in other parts of the world; availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management´s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; its ability to retain key management and employees; intense competition and the ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Laureate Resources SEC filings. Laureate Resources undertakes no obligation to update information contained in this release.
