Seacliff Construction Corp.
TSX : SDC

Seacliff Construction Corp.

March 24, 2010 20:59 ET

Attention Business/Financial Editors: Seacliff Files Audited 2009 Financial Statements, MD&A and AIF

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2010) - Seacliff Construction Corp. ("Seacliff" or "the company") (TSX:SDC), one of the largest and most diversified construction companies in Western Canada, today filed with Canadian securities authorities its audited consolidated annual financial statements, Management's Discussion and Analysis (MD&A) and Annual Information Form (AIF) for the year ended December 31, 2009.

On March 4, 2010, Seacliff reported its unaudited financial results for the three and 12 months ended December 31, 2009. Subsequently, the audit of Seacliff's 2009 consolidated financial statements was completed and certain minor reclassifications were made to the company's Audited Consolidated Balance Sheets.

Copies of Seacliff's 2009 audited consolidated financial statements, MD&A and AIF are available on SEDAR at www.sedar.com, via Seacliff's website at www.seacliffconstruction.ca or by emailing Seacliff at info@seacliffconstruction.ca.

About Seacliff Construction Corp.

Seacliff provides general contracting construction services, electrical contracting and earthmoving services to a wide array of clients in both the public and private sectors, with a majority of its business derived from institutional, commercial, civil and light industrial construction projects. Seacliff is headquartered in Vancouver, BC and operates 22 locations in British Columbia, Alberta, Saskatchewan and Manitoba, as well as two locations in Northwestern Ontario. Seacliff's business is conducted through three business units: Dominion Construction, a general contractor; Canem Systems, an electrical contractor and the Broda Construction Group, a Saskatchewan-based earthmoving and heavy civil construction contractor.

Advisories

Forward-Looking Statements

This press release contains statements concerning Seacliff's services, use of funds, business plan, and objectives. Seacliff's Total Work on Hand, other expectations, plans, goals, objectives, assumptions, information or statements about future events or conditions may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things, the successful implementation of Seacliff's business plan, the availability to Seacliff of qualified personnel, the continuation and completion of the projects forming Seacliff's Total Work on Hand, and general economic, business and market conditions. Although Seacliff believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Seacliff can give no assurance that such expectations will prove to be correct. The forward-looking statements are based on the Corporation's current expectations, estimates and projections, and are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, among others, Seacliff's ability to be retained for existing and new project work by existing and new clients, Seacliff's ability to retain and hire the qualified personnel required, the delay or cancellation of projects forming Seacliff's Total Work on Hand, general economic, business and market conditions, and other risks as are detailed from time to time in the continuous disclosure filings of Seacliff. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. These forward-looking statements are made as of the date of this press release, and Seacliff assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable laws.

Contact Information

  • Seacliff Construction Corp.
    Bill Crarer
    Chief Executive Officer
    604.242-2000
    or
    Seacliff Construction Corp.
    Vance Hackett
    Chief Financial Officer
    604.242-2000
    or
    Seacliff Construction Corp. - Investor Contact
    604.242-2000
    info@seacliffconstruction.ca
    www.seacliffconstruction.ca