PowerComm Inc. to acquire Unified Valve Ltd.

    EDMONTON, Aug. 5 /CNW/ - PowerComm Inc. (PCG:TSX) announced today that
the company has entered into an agreement to acquire Unified Valve Ltd. of
Calgary, Alberta.
    Unified Valve is a full service valve refurbishment and repair company
with offices in Calgary, Brooks, Red Deer, Edmonton, and Grande Prairie,
Alberta, as well as Fort St. John, British Columbia. It services all types of
industrial and commercial valves with an emphasis on Pressure Relief Valves
    "This is a wonderful opportunity for PowerComm to establish a presence in
southern Alberta," said Wayne Rutherford, President and CEO, "we intend to
continue to be the industry leader in the valve repair and refurbishment
business," he continued. "The opportunity to increase our ability to service
our valve customer base in a larger geographic area is a major goal for
PowerComm, and the addition of Unified Valve adds not only additional
customers, but increases our throughput as well."
    "Joining forces with a company of PowerComm's reputation and capability
is extremely exciting for Unified Valve," said Keith Levoir, President and CEO
of Unified Valve. "As it will without question create the largest aftermarket
valve service company in western Canada giving us the opportunity to increase
the services and product lines that we are able to provide our customer base,"
he concluded.
    Larry Walton, General Manager of PowerComm added, "Having Unified Valve
as part of PowerComm is huge for us as it offers us additional opportunities
to add our electrical and instrumentation services to new areas central and
southern Alberta."
    The transaction is subject to due diligence as well as regulatory
approval and approval by PowerComm's Board of directors.

    Reader Advisory

    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 info@powercomm.ca

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