Automodular Corporation

Automodular Corporation

June 20, 2011 11:20 ET

Automodular Announces Oakville Labour Agreement

AJAX, ONTARIO--(Marketwire - June 20, 2011) - Automodular Corporation ("Automodular") (TSX:AM) announces that it has reached agreement on a renewal contract for its Oakville-area workers with the National Automobile, Aerospace, Transportation and General Workers Union of Canada ("CAW"). The contract provides improvements in wages and benefits and will have a 3-year term.

Automodular looks forward to working closely with the CAW to ensure continued delivery of defect-free automotive modules to the Ford Oakville Assembly Plant at a competitive cost.

Automodular is a supplier of sub-assembly, sequencing and transportation services to Ford's Oakville Assembly Plant. The Company has two operating facilities and employs approximately 500 people.

This press release contains forward-looking statements that are based on currently available information, business plans and projections about future events and may involve a number of risks and uncertainties. Specific forward-looking information in this release relates to the delivery of defect-free automotive modules at a competitive cost as well as the 3-year term of the renewed contract with the CAW. Among the factors that could cause actual results to differ materially are unexpected changes in business plans or financial resources. Readers are cautioned not to unduly rely on forward-looking statements which speak only as of the date they are made. Except as required under continuous disclosure obligations, Automodular undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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