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.
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.