FORT McMURRAY, Alberta, Aug. 5 /CNW/ - The Athabasca Chipewyan First
Nation Holding Corporation ("ACFN") and Empire Industries Ltd. (TSX-V: EIL)
("Empire") jointly announced today that they have finalized the previously
announced partnership in the ownership of Sorge's Welding Ltd. ("Sorge's
The new, globally competitive, Aboriginal controlled partnership was
created as a result of ACFN purchasing the controlling ownership of Sorge's
Welding from Janet Sorge. Empire will retain its 49% minority interest in
Sorge's Welding, which it purchased December 31, 2006. For further details on
the partnership, please refer to the press release dated July 21, 2008 which
can be accessed through Empire's website at www.empind.com.
About Sorge's Welding Ltd.
Sorge's Welding Ltd. was founded in 1989 as an Aboriginal controlled,
certified steel fabricator and field installation contractor based in the Fort
McMurray region of North Eastern Alberta. Empire Industries Ltd. became a
minority partner of Sorge's Welding Ltd. at the end of 2006. The partnership
brings expanded capabilities and depth of product and capacity to Sorge's
Welding Ltd. Business operational principles for all work performed by Sorge's
Welding are; safety, reliability, quality and unparalleled service.
About Athabasca Chipewyan First Nation.
The ACFN reserve lands are located on the southwest shore of Lake
Athabasca. The First Nation offices are located in Ft. Chipewyan, Alberta
approximately 200 aerial miles from Ft. McMurray, Alberta. Ft. Chipewyan is
Alberta's oldest continuous European settlement dating back to 1788 when the
North West Company established an outpost there. The ACFN Holding Corporation
owns controlling interests in a number of businesses including; Denesoline
Environment, Tech Sonic Services, Chip Manufacturing, Dene West and Poplar
Point Camp Services, and AC&T Civil Contractors.
About Empire Industries Ltd.
Empire Industries Ltd. is a leading, Western Canadian steel fabricator
and engineered products manufacturer. Empire's mission is to increase
shareholder value by adding value to steel through a combination of organic
growth and strategic acquisitions. Since becoming a public entity, Empire has
expanded its fabrication space to more than 400,000 square feet and grown its
workforce to more than 800 skilled tradespersons and technical personnel. The
Company owns several steel fabrication shops and manufacturing facilities,
each with longstanding track records of success, and is uniquely positioned to
capitalize on the burgeoning infrastructure, commercial and industrial
construction marketplace of Western Canada. Empire's common shares are listed
on the TSX Venture Exchange under the symbol EIL.
This press release contains forward-looking statements, within the
meaning of applicable securities legislation, concerning Empire's business and
affairs. In certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
These forward looking statements are based on current expectations, and are
naturally subject to uncertainty and changes in circumstances that may cause
actual results to differ materially. Readers are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking information is
provided as of the date of this press release, and Empire assumes no
obligation to update or revise them to reflect new events or circumstances,
except as may be required under applicable securities laws.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: please visit Empire's web-site at:
www.empind.com or the Sorge's Welding website at www.sorgeswelding.com or
contact: Guy Nelson, Chairman & CEO, Empire Industries Ltd., Phone: (416)
366-7977, Email: firstname.lastname@example.org; Graeme Ramsay, CEO, ACFN Business Group,
Phone: (780) 598-4567, Email: email@example.com; Richard Sorge, CEO,
Sorge's Welding Ltd., Phone: (780) 743-9739, Email: firstname.lastname@example.org