L.M. Sauvé wins contract to restore The Bay building in Toronto



    The $7.2 million contract will enable the Company to continue its
    business development activities outside of Quebec


    MONTREAL, June 20 /CNW Telbec/ - The Montreal-based enterprise,
L.M. Sauvé 1964 Ltd ("L.M. Sauvé") is pleased to announce that it has won a
contract to restore The Bay building in Toronto. With a total value of
$7.2 million, this contract will enable the Company to pursue its expansion
plans outside of Quebec. L.M. Sauvé's track record of restoration projects
include The Bank of Nova Scotia building (Nova Scotia), the Bell Canada
building (Ontario), The Bay (British Columbia), the University of Ottawa and
the Canadian military base located in Labrador.
    "We are obviously happy and enthusiastic to have been selected from a
long list of strong contenders. This vote of confidence from a prestigious
company such as The Bay is further proof that L.M. Sauvé is a standard-setter
in the construction and masonry sector. This contract will also allow us to
continue to expand our development outside of Quebec, where we are presently
targeting other promising business opportunities. These new developments
enable us to envision our future with a great deal of optimism," said Mr. Paul
Sauvé, President of the Company.
    Obtained following a formal bidding process, the contract to restore The
Bay building will be carried out over a two-year period. L.M. Sauvé estimates
that more than 50 of the Company's employees will be assigned to the project.
    Furthermore, L.M. Sauvé also recently won a contract to restore The Bay
building in Montreal. This project is valued at $4.8 million.




For further information:

For further information: Frédéric Bérard, HKDP Communications and Public
Affairs, (514) 395-0375 ext. 230

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L.M. SAUVE

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