HSE ACQUIRES SAFETY CONSULTING COMPANY IN ATLANTIC CANADA

CALGARY, Nov. 16 /CNW/ - HSE Integrated Ltd. ("HSE" or the "Company") is pleased to announce that it has entered into a Letter of Intent to Purchase ("LOI") the shares of Taylored Safety Services Inc. ("TSL") of Halifax, Nova Scotia. 

Founded in 2009 by Tom Hickey and TSL President Jocelyne Clarke, the company provides industrial safety consulting and training services to clients in Atlantic Canada. TSL provides senior safety supervisors for a variety of operations. These are services HSE has increasingly been asked to provide over the past few years.  With TSL, HSE will acquire the management, client list, structure and direction to expand into this important market area more rapidly and effectively.

Tom Hickey has a long and successful history in the industrial health and safety industry. He founded a company called FrontLine Safety Ltd. ("FrontLine") in 1995 which was acquired by HSE in 2006. Mr. Hickey is a successful entrepreneur in the health and safety and other industries. Also joining HSE will be Jocelyne Clarke, CRSP ("Canadian Registered Safety Professional"), who has been a key driver for the growth of these services with TSL and FrontLine.

Total consideration for the shares of TSL will be approximately $375,000 which will be satisfied by the issuance of HSE treasury shares and up to $100,000 cash at the option of TSL. The price of the shares will be $0.38 which is 94% of the Volume Weighted Average Price ("VWAP") on the TSX for the 20 trading days prior to November 15, 2010. The transaction is expected to close as soon as possible. Conditions precedent include, but are not limited to, due diligence and the approval of the TSX for the issuance of treasury shares.

David Yager, Chairman and CEO of HSE, had the following comments.

"We at HSE are excited about Tom and Jocelyne joining our Company. Tom is a career safety professional and a successful entrepreneur. Tom's experience, enthusiasm and sales abilities will help us grow our business and continue the recovery to historic levels of sales and earnings which is already underway. Jocelyne is a true safety professional with demonstrated expertise in delivering quality safety services. This acquisition will also formally launch a national health and safety consulting service to further enhance the integrated services package HSE already offers to clients on a national basis. With TSL, Tom and Jocelyne, HSE will be a stronger and more valuable company going forward."

HSE is an integrated, national supplier of industrial Health, Safety and Environmental services. From its head office in Calgary, Alberta, its serves its clients from field service locations in Alberta, British Columbia, Saskatchewan, Ontario, Nova Scotia, New Brunswick, Newfoundland-Labrador, Michigan and Texas. HSE trades on the TSX under the symbol "HSL".

%SEDAR: 00011733E

For further information:

HSE Integrated Ltd.
David Yager, Chairman & CEO 
Telephone: [phone]
E-Mail: [email protected]

Lori McLeod Hill, Chief Financial Officer
Telephone: [phone]
E-Mail: [email protected]