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EIL Empire Industries Ltd

0.39
0.00 (0.00%)
03 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Empire Industries Ltd TSXV:EIL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.39 0.375 0.39 0 01:00:00

Empire Industries Reports $25 million in Contract Awards in U.A.E.

15/01/2014 11:00am

Marketwired Canada


Empire Industries Ltd. (TSX VENTURE:EIL) today reported two contract awards with
different customers in United Arab Emirates, totaling $25 million. These two
contracts represent a significant market presence in the U.A.E., which is one of
the world's most important markets for media based attractions. One of the
contracts is for the company's new special effects indoor roller coaster. The
second contract is for one of the company's Dynamic Flying Theaters. Both
contracts will largely be executed over the next eighteen months.


"Dynamic Attractions continues to accelerate Empire's efforts to bring its
proprietary media-based attractions to market and has already established itself
as one of the innovative leaders in the provision of media based attractions
globally," said Guy Nelson, Chief Executive Officer of Empire Industries. "Since
Dynamic Attractions' inception in 2011, this business unit has booked over $60
million of contracts of our own proprietary attractions."


About Empire Industries Ltd.

Empire Industries Ltd. manufactures specialized engineered products and sells
these products domestically and in select international export markets. The
company has developed, designed and engineered products for the rapidly growing,
global, media based attractions market. The company also provides steel
fabrication & installation services, primarily to the industrial, commercial and
infrastructure market in Western Canada. The company also has two key strategic
equity partnerships; a 49% ownership of ACE Industrial Services that operates in
the oil sands industrial maintenance services market, and a 45% ownership of a
Chinese joint venture company in the steel fabrication market in Asia. Empire's
common shares are listed on the TSX Venture Exchange under the symbol EIL.


For more information about the Company, visit www.empind.com.

Reader Advisory

This news release contains forward-looking statements, within the meaning of
applicable securities legislation, concerning Empire's business and affairs. In
certain cases, forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or variations of such words
and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". These
forward-looking statements are based on current expectations, and are naturally
subject to uncertainty and changes in circumstances that may cause actual
results to differ materially. Readers are cautioned not to place undue reliance
on such forward-looking statements. Forward-looking information is provided as
of the date of this press release, and Empire assumes no obligation to update or
revise them to reflect new events or circumstances, except as may be required
under applicable securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Empire Industries Ltd.
Guy Nelson
Chief Executive Officer
(416) 366-7977
gnelson@empind.com


Empire Industries Ltd.
Allan Francis
Vice President - Corporate Affairs and Administration
(204) 589-9301
afrancis@empind.com
www.empind.com

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