MONTREAL, June 19, 2012 /CNW Telbec/ - GENIVAR Inc. (TSX: GNV) ("GENIVAR" or the "Corporation") is pleased to announce that North 46 Architecture Inc. ("North 46 Architecture"), a professional services firm specialized in architecture, has joined the GENIVAR family. Located in Charlottetown, Prince Edward Island, North 46 Architecture has 8 employees. As part of the transaction, the firm has sold its shares to GENIVAR's current partner in architecture, PBK Architects Inc., and will continue to operate under the name North 46 Architecture.
North 46 Architecture is a full service architecture and interior design firm providing services in the residential, commercial, institutional, and public sectors. North 46 Architecture is recognized for its well designed, cost effective architecture and interior design with timely and efficient project management. The scope of services offered ranges from initial concept architectural sketches to managing final construction administration.
"We are very pleased to welcome North 46 Architecture within GENIVAR as it fits very well in our development strategy and enables us to strengthen our presence in both architecture and engineering in Prince Edward Island," said Stephen Wallace, Senior Vice-President, Atlantic Canada of GENIVAR. "Through this alliance, we are also adding additional expertise, which will benefit our clients," he added.
"Since inception, we have been committed to providing our clients with quality service and management through all phases of a project. By joining GENIVAR our clients are going to benefit and gain advantage from a broader range of skills and global expertise in architecture, engineering and management," said David R. Lopes, President of North 46 Architecture.
ABOUT NORTH 46 ARCHITECTURE INC.
Established in 2004, North 46 Architecture Inc. is a full service Architecture and Interior Design firm providing Architectural services throughout the Maritimes. North 46 Architecture is registered to practice architecture in the provinces of Prince Edward Island, New Brunswick, Nova Scotia and Newfoundland and Labrador and is recognized for integrating well designed, attractive, and cost effective architecture with timely and efficient project management.
ABOUT GENIVAR INC.
GENIVAR is a leading Canadian professional consulting services firm providing private and public-sector clients with a broad diversity of services in planning, engineering, surveying, environmental sciences, and projects and construction management, as well as architecture through strategic alliances. The Corporation is a fee-for-service professional consultants firm and it reports in one reportable segment, which is commonly referred to as consulting services. GENIVAR is one of the largest professional services firms in Canada by number of employees, with more than 5,500 managers, professionals, technicians, technologists, and support staff in over 100 cities in Canada and abroad. www.genivar.com
Certain information regarding GENIVAR contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although GENIVAR believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. GENIVAR's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect GENIVAR's actual or projected results are included in the Management Discussion and Analysis for the fourth quarter and year ended December 31, 2011, which are available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and GENIVAR does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.
For further information:
Senior Vice President, Atlantic Canada
Tel: (902) 835-9955
Director, Communications and Investor Relations
Tel: (514) 343-0773 x.5648
David R. Lopes, MArch, BEng, BEDS, LEED™ AP
North 46 Architecture Inc.
Tel: (902) 367-4646