EDMONTON, May 8 /CNW/ - The Churchill Corporation announces that Wal-Mart
Stores Inc. ("Wal-Mart") has chosen Stuart Olson Constructors Inc. to build a
new Wal-Mart Perishable Distribution Centre in Balzac, Alberta. Balzac is
located in the Municipal District of Rockyview, 24 km north of Calgary's city
centre, adjacent to Calgary's northern city limits.
Construction is planned to begin immediately, with planned services to
stores expected in 2010. The project while under construction will employ
approximately 800 trade and construction individuals from Balzac, Calgary and
the surrounding region. Stuart Olson is proud of this partnership with
Wal-Mart and welcomes construction on this substantial project. The award of
this project will add $80 million to Stuart Olson's backlog.
The distribution centre will be:
- a state-of-the-art facility utilizing the latest in RFID and
logistics technology to receive, store and distribute fresh produce
and frozen products;
- located on a 30 acre site;
- 400,000 square feet in size; and
- create approximately 600 jobs - with competitive wages, once
construction is complete.
The new distribution centre will provide Wal-Mart the opportunity to
better serve the growing number of Wal-Mart customers who shop at its retail
stores and supercentres. Wal-Mart is committed to sustainable building
practices and this project will be built using sustainable design initiatives.
About The Churchill Corporation:
The Churchill Corporation provides building construction, industrial
construction and maintenance services throughout Western Canada. Churchill
common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".
FORWARD LOOKING STATEMENTS
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.
For further information:
For further information: Andrew Apedoe, Vice President Investor
Relations & Secretary, The Churchill Corporation, (780) 454-3667, Email:
firstname.lastname@example.org, Website: www.churchillcorporation.com