ADF Group Inc. confirms the award of the contract for the fabrication and
installation of the steel structure of the new multipurpose amphitheater in
TERREBONNE, QC, March 20, 2013 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the
"Corporation") (TSX: DRX) is happy to announce the award of the contract for
the fabrication and installation of the steel structure of Quebec City's new
multipurpose amphitheater. This contract, worth $46.6 million, will be
delivered by August 2014. This contract is the single most important one of
this megaproject, which will total close to $400 million.
"We are proud to be chosen as a major partner for this promising project for
the City of Quebec", declared Mr. Jean Paschini, Chairman of the Board and
Chief Executive Officer.
At the close of the bidding process and following the opening of tenders by
the City of Quebec, last February 6, ADF Group was the lowest bidder. However,
before the City of Quebec could officially award this prestigious contract to
ADF, the Corporation needed to meet certain other conditions, including
obtaining the authorization from "Autorité des Marchés Financiers" ("AMF"),
now required under the new Bill n° 1, Integrity in Public Contracts Act. This
authorization is mandatory for all companies wishing to work on any public
construction or services contract of $40 million or more. On March 13, 2013,
ADF issued a press release announcing that it had received, on that day, this
authorization from AMF.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design, engineering,
fabrication and installation in the non-residential construction industry of
complex steel structures, heavy built-ups, as well as in miscellaneous and
architectural metals. ADF is one of the key players in the industry capable of
handling highly technically complex mega projects on fast-track schedules in
the commercial, institutional, industrial and public sectors.
This press release contains forward-looking statements reflecting ADF
objectives and expectations. These statements are identified by the use of
verbs such as "expect" as well as by the use of future or conditional tenses.
By their very nature these types of statements involve risks and uncertainty.
Consequently, reality may differ from ADF's expectations.
All amounts are in Canadian dollars.
Jean Paschini, Chairman of the Board of Directors and Chief Executive Officer
Jean-Francois Boursier, Chief Financial Officer Telephone: (450) 965-1911 /
1 (800) 263-7560 Web Site: www.adfgroup.com
SOURCE: ADF Group Inc.
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-0- Mar/20/2013 12:04 GMT
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