TERREBONNE, QC,
March 13, 2013 /CNW Telbec/ - ADF
GROUP INC. ("ADF" or the "Corporation") (TSX: DRX) announces
that it has received from the "Autorité des Marchés Financiers"
("AMF") the authorization now required under the new provincial
Bill 1 on the integrity in public contracts. This new authorization
is mandatory for all corporations that wish to work on any public
construction or services contract exceeding $40 million. The authorization is valid for a
three-year period and is subject to certain conditions.
Jean-Francois
Boursier, Chief Financial Officer, said that ADF is
proud to be one of the first companies to obtain this new
certification. He also pointed out that this authorization
represents another important step toward the award of the contract
for the fabrication of the steel structure of the new Quebec City amphitheatre. At the close of the
bidding process, last February 6, ADF
was designated as the lowest bidder for this construction project,
although certain other conditions needed to be met, including the
issuance of the authorization by the AMF. Now that this condition
has been fulfilled, the Corporation can look forward to finalizing
the discussions with City officials and being officially awarded
the fabrication contract within the next few days.
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.
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.
All amounts are in Canadian dollars.
SOURCE ADF Group Inc.