CALGARY, May 25, 2011 /CNW/ - The Churchill Corporation (TSX: CUQ, CUQ.DB) ("Churchill" or the "Corporation") today reported that Stuart Olson
Dominion Construction Ltd. ("SODCL"), its general contracting segment,
has been awarded numerous new contracts by public and private sector
clients in Western Canada.
In British Columbia, SODCL has been appointed construction manager of a
project, valued at $55 million, for expansion and revitalization of the
Vancouver Aquarium, Canada's largest aquarium located in Vancouver's
Stanley Park. Construction is expected to start in the fall of 2011
with project completion expected in three to four years.
In Alberta, SODCL has been awarded contracts for the construction of a
post-secondary education building in Lethbridge and a seniors' home in
Calgary with a combined value of $33 million. Both projects are
expected to begin construction in late 2011 and to be completed in
In Saskatchewan, SODCL has recently been awarded over $22 million of new
projects, including a big-box store, a high school project and a hotel
renovations project. Construction has started on these projects with
completion of the store and the hotel expected in the first quarter of
2012. The high school is expected to be ready in time for the 2012/2013
In Manitoba, a recent award is the $7 million Standard Aero cold weather
jet engine Research Development Test Centre at Winnipeg International
Airport. The project is currently under construction with completion
expected by late fall.
"We are pleased to see Stuart Olson Dominion's project teams regularly
winning substantial projects," said Jim Houck, Churchill's CEO. "This
announcement, along with the $185 million of new projects announced in
March, demonstrates the ability of SODCL's larger organization to
continually grow its backlog with high quality projects."
About The Churchill Corporation
The Churchill Corporation provides building construction, commercial and
industrial electrical contracting, earthmoving and industrial
insulation services to an array of public and private sector clients.
Churchill operates office locations throughout British Columbia,
Alberta, Saskatchewan, Manitoba, northwest Ontario and the Yukon.
Churchill common shares and convertible debentures are listed on the
Toronto Stock Exchange under the symbols "CUQ" and "CUQ.DB",
Forward Looking Information
Certain statements in this Press Release may constitute "forward-looking
statements". Forward-looking statements include, without limitation,
statements regarding the future financial position, business strategy,
budgets, litigation, projected costs, capital expenditures, financial
results, taxes, plans and objectives of the Corporation. Many of these
statements can be identified by looking for words such as "believes,"
"expects," "may," "will," "intends," "anticipates," "estimates,"
"continues," or the negative thereof, or other variations thereon.
Although management of Churchill believes its expectations regarding
future performance of the Corporation are based on reasonable
assumptions and currently available competitive, financial and economic
data, market conditions and operating plans, it can give no assurance
its expectations will be achieved. The Corporation cautions that, by
their nature, forward-looking statements, involve risks, and
uncertainties and that its actual actions, and/or results could differ
materially from those expressed or implied in such forward-looking
statements, and that the aforementioned risks, uncertainties and
actions could affect the extent to which a particular projection
materializes. The Corporation assumes no obligation to update the
forward-looking statements should circumstances or the Corporation's
management's estimates or opinions change, except as may be required by
SOURCE The Churchill Corporation
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