EDMONTON, Jan. 10 /CNW/ - PowerComm Inc. (PCG:TSX) is extremely honored
to have again been named one of "The Fast 50" by Alberta Venture Magazine.
PowerComm was recognized as one of the fifty fastest growing companies in
Alberta in the over twenty million dollar category. PowerComm is ranked number
eleven this year - up from number twenty-five last year.
Now in its tenth year, "The Fast 50" is a list of companies that have
achieved the most significant growth in assets, revenue, and employees over a
three-year period in two categories; over twenty million dollars in revenue
and under twenty million dollars in revenue.
"This is the third year of being named to this highly competitive list
and it is no small feat to qualify once, let alone for three consecutive
years," said Wayne Rutherford, PowerComm President & CEO. "Being one of the
fastest growing companies in one of the fastest growing economic areas in the
world is a testament to the commitment and hard work of the entire
corporation," he continued.
During the last year PowerComm Inc. completed its IPO and listed on the
Toronto Stock Exchange with the trading symbol PCG. The company also completed
three acquisitions in 2007 including the takeover of Nextron Inc., another
public company, and manufacturer of industrial heat trace controllers and
distributor of heat trace tape.
The news release contains certain forward-looking statements, including
management's assessment of future plans and operations and capital
expenditures and the timing thereof, that involve substantial known and
unknown risks and uncertainties, certain of which are beyond PowerComm Inc.'s
control. Such risks and uncertainties include, without limitation, risks
associated with the Corporation's ability to market successfully to current
and new customers; supply and demand for PowerComm Inc.'s services and
products and industry activity levels; capital expenditure programs;
projections of commodity prices and costs; the Corporation's ability to obtain
material and equipment from suppliers; operating risk liability; expansion of
services and products by internal growth or acquisition; the Corporation's
ability to obtain additional financing on satisfactory terms; the impact of
general economic and industry conditions; changes in laws and regulations
(including the adoption of new environmental laws and regulations) and changes
in how they are interpreted and enforced; competitive conditions; the lack of
availability of qualified personnel or management; fluctuations in foreign
exchange or interest rates, stock market volatility; and obtaining required
approvals of regulatory authorities. PowerComm Inc.'s actual results,
performance or achievements could differ materially from those expressed in,
or implied by, these forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits, including the amount of proceeds, that PowerComm Inc. will
derive therefrom. Readers are cautioned that the foregoing list of factors is
not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to PowerComm Inc. or persons acting on its behalf are
expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements contained in this news release are
made as of the date of this news release and PowerComm Inc. does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.
For further information:
For further information: Wayne R. Rutherford, President and Chief
Executive Officer, or J.D. Snowdon, Executive Vice President, Corporate
Services, at (780) 465-7038, or at firstname.lastname@example.org