Automodular Corporation
TSX : AM

Automodular Corporation

June 16, 2008 11:29 ET

Automodular Announces Contract Extensions

TORONTO, ONTARIO--(Marketwire - June 16, 2008) - Automodular Corporation (TSX:AM) ("Automodular") announces that certain contracts to sub-assemble and sequence components for General Motors of Canada Limited's Oshawa truck plant have been extended for the remainder of the existing truck program. This program is scheduled to end production on a yet to be disclosed date in 2009. Automodular had previously announced the expiry and non-renewal of these contracts at the end of the existing contract period (June 30, 2008).

Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to four OEM plants in Ontario and Ohio. The Company has seven operating facilities and employs over 900 people.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company's periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Automodular Corporation
    Christopher Nutt
    Vice President, Finance
    (416) 861-0662 x 223
    Email: invest@automodular.com