Canac Announces the Appointment of Gennaro Patella to Senior Leadership Post

Montreal (St Laurent), Quebec and Salt Lake City, Utah – July 30, 2010 – Savage Companies (Savage) is pleased to announce that Gennaro Patella has been appointed to the position of Senior Vice-President and General Manager at CANAC Railway Services (CANAC, and the Company), based in Montreal, Quebec. Mr. Patella will build upon the Company’s solid legacy of providing creative railroad-based solutions over the last 39 years, and will focus on continuing to develop CANAC into a single source provider of end-to-end sustainable railroad solutions throughout the world. He will also help integrate the rail operations and consultancy services widely associated with CANAC’s brand with those of its parent company, Savage CANAC, a part of the Savage Companies (Savage).

Prior to accepting his new role, Mr. Patella was CANAC’s General Manager of Engineering where he oversaw CANAC’s engineering consulting services as well as the P-811 track renewal operations. Gennaro is a veteran with CANAC for over 17 years, and is a native of Quebec. He holds a Bachelors of Engineering degree from Polytechnique Montreal and a Masters of Engineering from Concordia University, of Montreal.

Savage, a North American leader in providing services to electric power generation, coal mining, oil refining, chemical and Class I railroad customers, owns and/or operates large terminals for coal, petroleum coke, sulphur, chemicals and other commodities; system-based transportation-truck, rail, barge and vessel- moving over 50 million tons annually of coal, coke, waste coal, waste ash and sulphur; and also provides on-site operations and management services for large power plants and oil refiners. Savage has 145 operations in 35 US states and five Canadian provinces. Savage is a Creative Solutions company, dedicated to providing specially tailored services to each customer, with “Best Value-No Worry” services.

CANAC, now an integral part of Savage CANAC, was originally founded as the international railway consulting arm of Canadian National Railway Company (CN). Established in 1971, CANAC has successfully completed over 800 major projects in all areas of railway operations and engineering in some 60 countries throughout the world, and has performed a vast array of services for every major railroad in the United States and Canada, short line operators, industrial concerns, passenger and commuter rail operators, state DOTs, other government agencies and railroads throughout the world.

Gary L. Plant, Savage CANAC’s Senior Vice President who heads up Strategic Development in Salt Lake City, said “We are excited to have Gennaro take on the leadership of CANAC. His blend of experience, leadership skills and passion for railroading make him a great choice for continuing the growth of our global rail operations and consultancy business. We believe that the combination of CANAC’s global solutions expertise of rail operations and infrastructure, which include engineering, mechanical services, transportation planning, signaling, training and other services to the railway industry and Savage’s operations and material management/handling expertise in a wide array of industries, creates a unique and distinctive set of capabilities and operational insights that benefit customers working in both the North American and international marketplace.”

For further information on CANAC, please visit www.canac.com, and regarding Savage, visit its website at www.savageservices.com.