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Precipe Capital Expands Portfolio of Services with addition of John Hughes

March 7, 2013  
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PRECIPICE CAPITAL EXPANDS PORTFOLIO OF SERVICES

WITH ADDITION OF JOHN HUGHES

Halifax, NS – March 7, 2013: Precipice Capital has bolstered their presence within the Atlantic Canada offshore industry with the addition of John Hughes, who has joined the firm as Managing Director, Marine & Shipping Services.

"John is one of the most highly respected individuals in the Atlantic Canadian marine and shipping sectors,” says Chris Dobbin, President of Precipice Capital. "John and I have worked closely over the past few years and it made a lot of sense to bring his depth of knowledge and hands-on expertise on board with the Precipice Capital team.”

Hughes’ and Dobbin’s most recent collaboration of their unique skill sets played an integral role in Secunda Holdings LP’s successful acquisition of 10 charter fleet vessels from subsidiaries of McDermott International, Inc., a move that changed the landscape of Atlantic Canada’s offshore industry.  The success of the Secunda transaction created more opportunities for Precipice to work with companies that cross over into both the marine and energy sectors, both of which directly impact the Atlantic Offshore industry.

"My relationship with Precipice Capital goes back over four years, where we had great success partnering my industry knowledge with their in-depth financial expertise,” says Hughes, who most recently was President of Secunda Canada. "This is a fantastic opportunity to continue that unique relationship. Together, we will be able to offer exemplary support to businesses looking to transition or grow in a sector that has a very positive future in Atlantic Canada.”

Dobbin’s firm has enjoyed strong growth over the past few years since its establishment in 2010. Most recently, Precipice Capital hired Phil Bassil as Managing Director, Power & Utilities.

"Our goal has always been to differentiate ourselves in the marketplace by adding significant operational and industry expertise to compliment the advisory services we provide, living up to our brand as Atlantic Canada’s independent corporate finance advisor,” says Dobbin. "We are committed to providing our clients with exceptional counsel, and in order to do that we need top talent.  I’m confident we have that with the Precipice Capital team.”

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For more Information:

Chris Dobbin, President
Precipice Capital Corporation Inc.
902. 401.9480
cdobbin@precipicecapital.com
www.precipicecapital.com

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