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2013

 

 

Nov 29 MCVICAR ANNOUNCES Q3 2013 RESULTS AND HONGBO UPDATE

Oct 18 MCVICAR GAINS ACCESS TO HONGBO FACTORY

Oct 09 MCVICAR UPDATES SITUATION AT HONGBO FACTORY

Sep 23 MCVICAR ANNOUNCES CHANGE OF ADDRESS

Sep 11 MCVICAR REPORTS CONTINUATION OF OCCUPATION OF HONGBO FACTORY

Aug 28 MCVICAR ANNOUNCES Q2 2013 RESULTS

Aug 27 MCVICAR REPORTS TEMPORARY OCCUPATION OF HONGBO FACTORY

Aug 13 MCVICAR REPORTS TEMPORARY OCCUPATION OF HONGBO FACTORY

Aug 02 MCVICAR TEMPORARILY SUSPENDS HONGBO PRODUCTION

May 31 MCVICAR ANNOUNCES Q1 2013 RESULTS

May 14 MCVICAR ANNOUNCES AGM

May 01 MCVICAR ANNOUNCES 2012 YEAR END RESULTS

Apr 26 MCVICAR APPOINTS NEW CFO AND DIRECTOR

Feb 26 MCVICAR ISSUES STOCK OPTIONS

 

McVICAR INDUSTRIES INC.
PRESS RELEASE
Nov 29, 2013
Trading Symbol: MCV

MCVICAR ANNOUNCES Q3 2013 RESULTS AND HONGBO UPDATE: McVicar Industries Inc. ("McVicar")  announces that it has filed its unaudited interim consolidated financial statements for the three and nine month period ending September 30, 2013. All figures are in Canadian dollars unless otherwise stated. The  unaudited interim consolidated financial statements and management's discussion and analysis (MD&A) may be downloaded from www.sedar.com

Business Update on Hongbo Plant

Hongbo, through binding arbitration by the local labour dispute arbitration committees, reached a settlement with the occupying group including all employees of Hongbo on November 25, 2013. Pursuant to the settlement agreement, all the employees of the Hongbo plant will be laid off to clear the labour relationship, and a compensation package in the amount of RMB5,386,258 ($904,000) will be fully paid by the Company before December 6, 2013. Further, the Company is required to pay to some of the employees, if any, for their work-related illnesses, which will be subject to the upcoming health examination results. The future business plan of Hongbo is under further review.

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Oct 18, 2013, 2013
Trading Symbol: MCV

MCVICAR GAINS ACCESS TO HONGBO FACTORY: McVicar Industries Inc. ("McVicar", the "Company")  reports that the Company has been granted access to the production facilities of its wholly owned chemical subsidiary Zhejiang Hongbo Chemical Co. Ltd. ("Hongbo") through the involvement of various levels of local governments. As announced in the Company's October 9, 2013 press release, the facility had been wrongfully occupied by the factory managers and staff.

McVicar has formed a new Hongbo management team drawn from its other subsidiaries to begin working in the facility although intense resistance continues from the original management and related staff. McVicar has hired a local audit company to start an initial assessment of the facilities. McVicar continues to negotiate for the return of full control of the operation.

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Oct 09, 2013, 2013
Trading Symbol: MCV

MCVICAR UPDATES SITUATION AT HONGBO FACTORY: McVicar Industries Inc. ("McVicar", the "Company")  reports that the production facilities of its wholly owned chemical subsidiary Zhejiang Hongbo Chemical Co. Ltd. ("Hongbo") continues to be wrongfully and illegally occupied by the factory manager and staff as announced in the press release dated on September 11, 2013. McVicar is assisted by members of the local county level government to try to end the occupation. A definite solution for the matter has not been reached at this time.

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Sep 23, 2013
Trading Symbol: MCV

MCVICAR ANNOUNCES CHANGE OF ADDRESS: Effective immediately, the new registered address is:
11 Progress Avenue,
Unit 25
Toronto, Ontario
M1P 4S7

Telephone: (416) 366-7420
Facsimile: (416) 298-0244

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Sep 11, 2013
Trading Symbol: MCV

MCVICAR REPORTS CONTINUED OCCUPATION OF HONGBO FACTORY: McVicar Industries Inc. ("McVicar", the "Company")  reports that the production facilities of its wholly owned chemical subsidiary Zhejiang Hongbo Chemical Co. Ltd. ("Hongbo") continues to be wrongfully and illegally occupied by the factory manager and staff as announced in the press release dated on August 27, 2013. The Company is currently unable to service its customers, mostly western companies. Representatives from the Company, though accompanied by officials of the local town government, were denied access to the factory.

McVicar is continuing to ask for involvement of higher level local government and legal department for any possible solutions. It is also keeping close contacts with the Canadian Embassy in China and the Trade Commissioner's office in Shanghai for assistance.

 

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Aug 28, 2013
Trading Symbol: MCV

MCVICAR ANNOUNCES Q2 2013 RESULTS: McVicar Industries Inc. ("McVicar")  announces that it has filed its unaudited interim financial statements and management's discussion and analysis (MD&A) for the three month period ending June 30, 2013. The filings can be found on www.sedar.com

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Aug 27, 2013
Trading Symbol: MCV

MCVICAR REPORTS CONTINUED OCCUPATION OF HONGBO FACTORY: McVicar Industries Inc. ("McVicar")  reports that the production facilities of its wholly owned chemical subsidiary Zhejiang Hongbo Chemical Co. Ltd. ("Hongbo") continues to be wrongfully and illegally occupied by the factory manager and staff as announced in the previous press release dated on August 13, 2013. Currently, the local government authorities, upon the requests of the Company, have been involved in the negotiation with the occupying group. However, leaders of the occupying group have still not communicated any demands or conditions for the cessation of their illegal occupation.

McVicar has continued in its efforts with local government and law enforcement authorities to regain lawful possession and control of the Hongbo factory. McVicar has also contacted the Canadian Embassy in China and the Trade Commissioner's office in Shanghai for assistance. McVicar continues to pursue various venues to rectify the issues and regain the Hongbo factory as the event has impacted the continuation of Hongbo's business.

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Aug 13, 2013
Trading Symbol: MCV

MCVICAR REPORTS TEMPORARY OCCUPATION OF HONGBO FACTORY: McVicar Industries Inc. ("McVicar")  reports that the production facilities of its wholly owned chemical subsidiary Zhejiang Hongbo Chemical Co. Ltd. ("Hongbo") have been wrongfully and illegally occupied by the factory manager and staff. The factory managers and staff formed a coalition and denied McVicar's local representatives access to the factory after the Company determined to temporarily suspend Hongbo's production as announced in the previous press release dated on August 2, 2013. Leaders of the occupying group have not communicated any demands or conditions for the cessation of their illegal occupation.

McVicar regrets that to date it has not received meaningful support from local government and law enforcement authorities to regain lawful possession and control of the Hongbo factory. Moreover, the pursuit of legal remedies through the local court system has not, as yet, yielded any positive results. McVicar is vigorously pursuing all available avenues of redress.

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Aug 02, 2013
Trading Symbol: MCV

MCVICAR TEMPORARILY SUSPENDS HONGBO PRODUCTION: McVicar Industries Inc. ("McVicar")  announces that its chemical subsidiary Zhejiang Hongbo Chemical Co. Ltd. ("Hongbo") has temporarily suspended its production due to a change in environment and safety regulations enforced by local government on chemical manufacturers in non-chemical industrial parks. The revised regulations are intended to reduce environmental pollution and improve workplace safety. As a result, chemical companies in non-chemical industrial parks are required to upgrade their facilities to comply with the new regulations. Hongbo is assessing and preparing a detailed implementation plan to satisfy the government requirements. As this is also a low time in purchase orders from the main Western customers due to economic factors and competition from other Asian countries, Hongbo will take this opportunity to reduce inventory from the factory. 

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McVICAR INDUSTRIES INC.
PRESS RELEASE
May 31, 2013
Trading Symbol: MCV

MCVICAR ANNOUNCES Q1 2013 RESULTS: McVicar Industries Inc. ("McVicar")  announces that it has filed its unaudited interim financial statements and management's discussion and analysis (MD&A) for the three month period ending March 31, 2013. The filings can be found on www.sedar.com

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McVICAR INDUSTRIES INC.
PRESS RELEASE
May 14, 2013
Trading Symbol: MCV

MCVICAR ANNOUNCES AGM: McVicar Industries Inc. ("McVicar")  announces Annual and Special meeting for June 12, 2013. The filings can be found on www.sedar.com

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McVICAR INDUSTRIES INC.
PRESS RELEASE
May 1, 2013
Trading Symbol: MCV

MCVICAR ANNOUNCES 2012 YEAR END RESULTS: McVicar Industries Inc. ("McVicar")  announces 2012 Year end results of the Company. The filings can be found on www.sedar.com

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Apr 26, 2013
Trading Symbol: MCV

MCVICAR APPOINTS NEW CFO AND DIRECTOR: McVicar Industries Inc. ("McVicar")  announces the appointment, subject to regulatory approval, of Mr. Kevin Ming Zhang, C.G.A., as Chief Financial Officer of the Company replacing Mr. Colin Digout, C.A., acting CFO. Mr. Colin Digout will continue to serve the Company as a member of the Board of Directors.

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McVICAR INDUSTRIES INC.
PRESS RELEASE
Feb 26, 2013
Trading Symbol: MCV

MCVICAR ISSUES STOCK OPTIONS: McVicar Industries Inc. ("McVicar")  announces that it has granted incentive stock options in respect of 750,000 shares exercisable at $0.40 per share for a period of five years to directors, officers, employees and consultants of the Company.

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