Xanser Corporation (NYSE: XNR) today announced that it has granted Xanser stock options in connection with the initial employment of an executive of its subsidiary, Furmanite America, Inc. James L. Tidmore, Vice President - Western Division was granted options to purchase 20,000 shares of Xanser Corporation common stock. The above option grants are at 100% of the closing market price of $5.40 on the effective date of the grant, December 6, 2006. The stock options will become exercisable in 20% increments annually commencing December 6, 2007 and will expire on March 7, 2012, unless earlier due to separation from service of the company. ABOUT XANSER CORPORATION Xanser Corporation (NYSE: XNR) provides technology-based and technical services worldwide. Headquartered in Dallas, Texas, Xanser�s operations consist of an international technical services firm, Furmanite, and an information technology services company, Xtria. Furmanite, one of the world�s largest specialty technical services companies, delivers a broad portfolio of engineering solutions that keep facilities operating, minimizing downtime and maximizing profitability. Furmanite�s diverse, global customer base includes offshore drilling operations, pipelines, refineries and power generation facilities, chemical and petrochemical plants, steel mills, automotive manufacturers, pulp and paper mills, food and beverage processing plants, semi-conductor manufacturers and pharmaceutical manufacturers. Furmanite operates more than 50 offices on five continents. Xtria provides a portfolio of innovative technology solutions to the government markets. For more information, visit www.xanser.com.
Xanser (NYSE:XNR)
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