TERREBONNE, QC, March 26 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the
"Company") (TSX: DRX) announces today the award of a contract in Western
Canada totalling $20.3 million. This contract involves the fabrication of the
complex steel structure, including heavy steel components, for an office
tower. With this new contract, the Company announces the creation of 50
permanent new jobs at the ADF's Terrebonne fabrication plant. The Company is
starting the hiring process immediately.
Jean Paschini, Chairman of the board and chief executive officer points
that "this contract represents for ADF Group a first breakthrough in Western
Canada, and a second major contract signed by the Company in the last few
weeks. We have targeted other projects in North America that we are currently
negotiating and we are confident to be able to materialize them in the near
This contract increases the Company's backlog to $70.0 million as of
March 26, 2007.
ADF Group Inc. is a North American leader in the design, engineering,
fabrication and selective installation of complex steel superstructures, as
well as in architectural metal work. ADF is one of the few players in the
industry capable of handling highly technically complex mega projects on
fast-track schedules in the commercial, institutional, industrial and public
This press release contains forward-looking statements reflecting ADF
objectives and expectations. These statements are identified by the use of
verbs such as "expect" as well as by the use of future or conditional tenses.
By their very nature these types of statements involve risks and uncertainty.
Consequently, reality may differ from ADF's expectations.
For further information:
For further information: Jean Paschini, Chairman of the Board and Chief
Executive Officer; Louis Potvin, Chief Financial Officer, (450) 965-1911, 1
(800) 263-7560, www.adfgroup.com; Source: ADF Group Inc.