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Dec. 22nd, 2008
Amusement Parks : Empire Industries Ltd. announces US$18 million amusement ride contract
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Empire Industries Ltd. , a provider of specialized engineered products and steel fabrication and installation services, today announced that it's wholly owned subsidiary, Dynamic Structures, has signed an US$18 million contract with a major amusement park operator to deliver the steel track and switches for a major new amusement ride in the U.S.
"This contract leverages our core competencies in engineering and fabrication, resulting in revenue for both segments of our business," said Guy Nelson, Chief Executive Officer of Empire. "While much of our business development efforts are still focused on Western Canada, our world-class manufacturing capabilities are opening new opportunities in niche growth markets in the U.S. and overseas, where we continue to see growth in capital spending."
About Empire Industries Ltd.
Empire Industries Ltd. is a leading, Western Canadian engineered products manufacturer and steel fabricator. Empire's mission is to increase shareholder value by adding value to steel through a combination of organic growth and strategic acquisitions. The Company operates several manufacturing and steel fabrication facilities from Manitoba to British Columbia representing more than 400,000 square feet of fabrication space and employing over 700 people. Empire's solid reputation and world class capabilities position the Company to capitalize on the non-residential construction marketplace of Western Canada as well as the specialized engineering products market in Canada and abroad. Empire's common shares are listed on the TSX Venture Exchange under the symbol EIL.
For further information
please visit our web-site at: empind.com or contact:
Guy Nelson, Chairman & CEO, Empire Industries Ltd.,
Phone: (416) 366-7977, Email: gnelson@empind.com
Trevor Heisler, Investor Relations, The Equicom Group Inc., Phone: (416) 815-0700 x 270, Email: invest@empind.com
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