TERREBONNE, QC,
Oct. 23, 2012 /CNW Telbec/ - ADF
GROUP INC. (TSX: DRX) announced today that its subsidiary, ADF
Steel Corp., The Port Authority of New
York and New Jersey, and
WTC 1 LLC have reached an agreement on a resolution of their
dispute relating to the delivery of and payment for the structural
steel and antenna for One World Trade Center. This agreement
includes the resolution of litigation commenced by WTC 1 LLC
against ADF Steel Corp. in the Supreme Court of the State of New York, New York County and enables the delivery and
erection of the spire to proceed as scheduled.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the
design and engineering of connections, fabrication and installation
of complex steel structures, heavy steel built-ups, as well as in
miscellaneous and architectural metals for the non residential
construction industry. ADF Group Inc. is one of the few players in
the industry capable of handling highly technically complex mega
projects on fast-track schedules in the commercial, institutional,
industrial and public sectors.
Forward-Looking Information
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.
SOURCE ADF GROUP INC.