TERREBONNE, QC, March 13, 2013 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX) announces that it has received
from the "Autorité des Marchés Financiers" ("AMF") the authorization
now required under the new provincial Bill 1 on the integrity in public
contracts. This new authorization is mandatory for all corporations
that wish to work on any public construction or services contract
exceeding $40 million. The authorization is valid for a three-year
period and is subject to certain conditions.
Jean-Francois Boursier, Chief Financial Officer, said that ADF is proud to be one of the first
companies to obtain this new certification. He also pointed out that
this authorization represents another important step toward the award
of the contract for the fabrication of the steel structure of the new
Quebec City amphitheatre. At the close of the bidding process, last
February 6, ADF was designated as the lowest bidder for this
construction project, although certain other conditions needed to be
met, including the issuance of the authorization by the AMF. Now that
this condition has been fulfilled, the Corporation can look forward to
finalizing the discussions with City officials and being officially
awarded the fabrication contract within the next few days.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design, engineering,
fabrication and installation in the non-residential construction
industry of complex steel structures, heavy built-ups, as well as in
miscellaneous and architectural metals. ADF is one of the key players
in the industry capable of handling highly technically complex mega
projects on fast-track schedules in the commercial, institutional,
industrial and public sectors.
This press release contains forward-looking statements reflecting ADF
objectives and expectations. These statements are identified by the use
of verbs such as "expect" as well as by the use of future or
conditional tenses. By their very nature these types of statements
involve risks and uncertainty. Consequently, reality may differ from
All amounts are in Canadian dollars.
SOURCE: ADF Group Inc.
For further information:
Jean-Francois Boursier, Chief Financial Officer
Telephone: (450) 965-1911 / 1 (800) 263-7560
Web Site: www.adfgroup.com