2016-03-09 | [ssba]

Oceanex Inc. Requalifies as one of Canada’s Best Managed Companies Gold Standard Member

March 9, 2016 – Oceanex Inc. was a winner of Canada’s Best Managed Companies program in 2011 and requalified in 2015 to maintain its status as a Best Managed Gold Requalified company. The Best Managed program recognizes Canadian-owned and managed companies with revenues over $10 million demonstrating strategy, capability and commitment to achieve sustainable growth.

“Best Managed companies are strong in strategy, capability, commitment and financial performance. They are all great Canadian business success stories,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program.

2015 winners of the Canada’s Best Managed Companies award, along with Requalified, Gold Standard, Gold Requalified winners and Platinum Club members will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 12, 2016. On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today’s business leaders.

“We are all very excited to be named as a Gold Standard Member of Canada’s Best Managed Companies again this year”, said Oceanex Executive Chairman, Captain Sid Hynes. “At Oceanex we are very fortunate to have a team of qualified, experienced transportation specialists who thrive on providing a consistent, reliable service for our customers. This award is a testament to their commitment to excellence”.

About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on five levels: 1) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully reapplied for the designation); 4) Gold Requalified member (Gold Standard winners may requalify for two additional years, subject to annual operational and financial review); 5) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Smith School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.

About Oceanex Inc.
Oceanex Inc, a privately owned corporation, offers a complete range of shipping and trucking services to Newfoundland and Labrador from anywhere in North America and sets the pace in service efficiency, safety and reliability. Over the past 100 years, shippers have come to rely upon Oceanex’s fixed-day schedules, on-time performance and dependable, quality service.

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For further information, please contact:
bestmanagedcompanies@deloitte.ca
www.bestmanagedcompanies.ca

CONTACT:

Lori Caines
Oceanex Inc.
709-758-1407
709-758-0360 (Fax)
lcaines@oceanex.com
www.oceanex.com