Armtec's Con-Force Division Awarded Largest Project in its History



    Toronto Stock Exchange: ARF.UN

    GUELPH, ON, June 6 /CNW/ - Armtec Infrastructure Income Fund (the "Fund")
(TSX: ARF.UN) today announced that its Con-Force division has been selected to
construct a new parkade structure and elevated parkway for Calgary
International Airport. The project, valued at more than $40 million, is the
largest single transaction in the history of the division. Work is scheduled
to begin immediately and is expected to be completed within 18 months.
    "The Calgary Airport parkade project is an important milestone for the
Fund's Con-Force division, and its growing reputation as a leading provider of
engineered precast concrete solutions to customers in infrastructure markets
in Western Canada," said Charles Phillips, President and Chief Executive
Officer. "It also demonstrates our growing ability to bring project
efficiencies and added value to our clients from early design, to in-house
component fabrication, through to on-site assembly of the finished product."

    About Armtec Infrastructure Income Fund

    The Fund is a leading manufacturer and marketer of drainage products and
engineered bridging solutions for infrastructure applications in a diverse
cross-section of industries. These include the public infrastructure market
and private sector markets such as natural resources, commercial building,
residential construction and agricultural drainage in Canada. The Fund's
Armtec division is Canada's only national multi-material manufacturer
specializing in corrugated high density polyethylene pipe, and corrugated
steel pipe for drainage applications and highly engineered solutions including
bridging products and water management systems. The Con-Force division designs
and manufactures a wide range of bridging and construction products including
the advanced "NU" bridge girder system that allows for some of the longest
spans available in precast concrete technology. The Durisol division designs
and manufactures highway noise barriers and related highway and infrastructure
products, such as retaining walls and acoustic enclosures, and is recognized
as the only fully qualified supplier for absorptive material in Ontario.

    Forward-Looking Statements

    This news release contains certain statements that constitute
forward-looking information within the meaning of applicable securities laws
("forward-looking statements"). All statements other than statements of
historical fact contained herein are forward-looking statements, including,
without limitation, statements regarding the impact of the above noted
contract award and capacity expansion on the Fund's financial performance and
statements regarding the business strategy, plans and objectives of or
involving the Fund or the businesses in which it has invested. Prospective
investors can identify many of these statements by looking for words such as
"believe", "expects", "will", "intends", "plans", "projects", "anticipates",
"estimates", "continues" and similar words or the negative thereof. There can
be no assurance that the plans, intentions or expectations upon which these
forward-looking statements are based will occur. Although management believes
that the expectations represented in such forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be
correct.
    By their nature, forward-looking statements require assumptions and are
subject to inherent risks and uncertainties, including those discussed herein.
There is significant risk that forward-looking statements will not prove to be
accurate. You are cautioned not to place undue reliance on forward-looking
statements made herein because a number of factors could cause actual future
results, conditions, actions or events to differ materially from the targets,
expectations, estimates or intentions expressed in the forward-looking
statements.
    The future outcomes that relate to forward-looking statements may be
influenced by many factors, including but not limited to: industry
cyclicality; competition; reduction in demand for products; collection from
customers; relationships with suppliers; lack of long-term agreements;
expiration of rights under licence and distribution arrangements; raw material
price volatility; product liability; intellectual property; reliance on key
personnel; environmental; collective bargaining; interest rates; uninsured and
underinsured losses; operating hazards; risks of future legal proceedings;
dependence on other Fund subsidiaries; income tax matters; leverage and
restrictive covenants; credit facilities; nature of units; distribution of
securities on redemption or termination of Fund; restrictions on potential
growth; effect of market interest rates on price of Units; undiversified and
illiquid holdings in Armtec Operating Trust; and potential dilution. You are
cautioned that the foregoing list of factors is not exhaustive and that when
relying on forward-looking statements to make decisions with respect to the
Fund, investors and others should carefully consider these factors, as well as
other uncertainties and potential events, and the inherent uncertainty of
forward-looking statements.
    The forward-looking statements contained herein are expressly qualified
in their entirety by this cautionary statement. The Fund undertakes no
obligation to publicly update or revise any forward-looking statements except
as expressly required by applicable securities law.
    Risks related to the Fund have been summarized in the Fund's latest
Annual Information Form, Management's Discussion and Analysis included in the
Annual Report and quarterly financial reports available on www.sedar.com or
the Fund's web site at www.armtecincomefund.com.





For further information:

For further information: Charles M. Phillips, President & Chief
Executive Officer, Armtec Limited Partnership, Tel: (519) 822-0210, Fax: (519)
822-8894; James R. Newell, Chief Financial Officer, Armtec Limited
Partnership, Tel: (519) 822-0210, Fax: (519) 822-8894; Carrie Boutcher, Vice
President, Finance, Armtec Limited Partnership, Tel: (519) 822-0210, Fax:
(519) 822-8894

Organization Profile

ARMTEC INFRASTRUCTURE INCOME FUND

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890