OTTAWA, Nov. 2 /CNW Telbec/ - Clearford Industries Inc. ("Clearford",
TSX-V: CLI) today announced a $1,013,800 agreement to install the Small Bore
Sewer(TM) (SBS(TM)) wastewater collection system along with a wastewater
treatment plant for 140 connections at Loon Lake Resort
(www.loonlakeresort.ca) in Madoc, Ontario.
Loon Lake Resort is located approximately 60 km north of Belleville,
Ontario, and consists of 150 hectares of land with 140 existing trailer sites
and provisions for an additional 60 trailer sites to be developed. There is
also an existing recreation hall, main wash station and log house to be
connected to Clearford's SBS(TM) system. When choosing a sewer for this
development, it was necessary for the owners of Loon Lake to find a solution
that provided a high degree of layout flexibility, was expandable, and would
not require deep installation to maintain minimum slopes. The SBS(TM) system
met these criteria, and will be installed using open trench installation which
will result in minimal restoration required for the area. Installation of the
SBS(TM) system will minimize or eliminate the need for rock excavation,
blasting and excessive dewatering.
"It was important for Loon Lake Resort to find a sewer solution that
would enable future expansion, that eliminated the environmental issues
associated with septic systems, and that was affordable," said Peter Cougler,
President of Loon Lake Resort Condo Corp. "I am looking forward to working
with Clearford to make Loon Lake a green example for seasonal developments
throughout the country."
"As baby-boomers become a growing segment of the population looking for
affordable recreational property, seasonal resorts such as Loon Lake are going
to have an increased presence and demand throughout Canada," stated Bruce
Linton, President and CEO of Clearford. "The environmental advantages of the
SBS(TM) system translate into lower capital and operational cost for both the
collection and treatment of sewage. As a result, we are able to service the
park for less than $7,500 a door."
Forward-Looking Statements Any forward looking statements made in this
press release involve risks and uncertainties, and actual results could differ
materially from those expressed or implied in such statements. However, we
disclaim any intention and assume no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. More detailed information of the matters
described herein is included in the public documents Clearford files from
time to time with Canadian securities regulatory authorities.
About Clearford Industries Inc.
Clearford Industries Inc. is comprised of two divisions: the Wastewater
Systems Division and the Brooklin Concrete Division. The Wastewater Systems
Division designs and implements the patented Small Bore Sewer(TM) (SBS(TM)), a
watertight small diameter wastewater collection system for developers,
municipalities and First Nations communities who need to create, expand or
upgrade their sewage systems. This solution provides servicing with superior
operational and environmental performance at a significantly lower cost when
compared to historic gravity sewers. With its first installation in 1989, the
SBS(TM) has since had several installations within Canada and the U.S. The
Brooklin Concrete Division has been in operation since 1952, with 4 locations
in Ontario, including: Brooklin, Newmarket, Huntsville and Haliburton. A
leading producer of septic tanks in Ontario, Brooklin manufactures precast
concrete products ranging from interlocking pavers and patio slabs, to
retaining walls and storage structures. For more information on Clearford
Industries Inc., please visit www.clearford.com.
For further information:
For further information: Mr. Bruce Linton, President and CEO, Clearford
Industries Inc., (613) 599-6474 ext. 301, www.clearford.com