CEMATRIX Corporation Announces $1.1 Million of New Contracts
15 Mai 2014 - 3:25PM
Marketwired
CEMATRIX Corporation Announces $1.1 Million of New Contracts
CALGARY, ALBERTA--(Marketwired - May 15, 2014) - CEMATRIX
Corporation (TSX-VENTURE:CVX) (the "Corporation" or the "Company"
or "CEMATRIX") is pleased to announce that its wholly owned
subsidiary, CEMATRIX (Canada) Inc. has received signed orders for
oil sands and infrastructure projects in the amount of $1.1 million
in aggregate, bringing this year's total contracted work to $4.3
million.
"A significant
portion of these new contracts relates to an Oil Sand project that
we continue to do work on," stated Jeff Kendrick, CEMATRIX
President and CEO. This new order is continued confirmation of our
forecast of a return to more significant revenues from the Oils
Sands and Refinery market in 2014.
CEMATRIX is an
Alberta corporation with its head offices in Calgary, Alberta. The
Corporation, through its wholly owned subsidiary, is a manufacturer
and supplier of technologically advanced cellular concrete products
with applications in a variety of markets, including oil and gas
construction and infrastructure construction. Cellular concrete
provides a cost and labour saving solution for various construction
applications. Applications for cellular concrete include tunnel
grouting; bridge abutment and retaining wall backfill; insulation
of shallow utilities, roads and runways; insulation and/or
structural foundations for tank bases and facilities; and as a
floating base over weak and unstable or seismic prone soils, for
roads and other types of infrastructure.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-looking
information: This news release contains certain information that is
forward looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
"anticipate", expect", "would' or other similar words). Forward
looking statements in this document are intended to provide
CEMATRIX security holders and potential investors with information
regarding CEMATRIX and its subsidiaries' future financial and
operations plans and outlook. All forward looking statements
reflect CEMATRIX's beliefs and assumptions based on information
available at the time the statements were made. Readers are
cautioned not to place undue reliance on this forward looking
information. CEMATRIX undertakes no obligation to update or revise
forward looking information except as required by law. For
additional information on the assumptions made and the risks and
uncertainties which may cause actual results to differ from the
anticipated results, refer the CEMATRIX's Management Discussion and
Analysis dated May 8, 2014 under CEMATRIX's profile on
SEDAR at www.sedar.com and other reports filed by CEMATRIX with
Canadian securities regulators.
CEMATRIX CorporationJeff KendrickPresident and Chief Executive
Officer(403) 219-0484The Howard GroupJeff WalkerInvestor
Relations(888) 221-0915 or (403)
221-0915jeff@howardgroupinc.com
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