Automodular Corporation
TSX : AM

Automodular Corporation

May 02, 2007 15:45 ET

Automodular Announces Ontario Expansion

TORONTO, ONTARIO--(CCNMatthews - May 2, 2007) - Automodular Corporation ("Automodular") (TSX:AM) announces that it expects to expand its GTA area workforce by approximately 375 personnel over the next 18 months to accommodate recent contract awards to sub-assemble and sequence commodities for North American Original Equipment Manufacturers ("OEMs") commencing in 2008 and 2009.

As part of its agreements with the OEMs, Automodular has agreed to keep confidential the names and locations of the OEMs and the particulars of the work involved.

Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to six OEM plants in Ontario, Michigan and Ohio. The Company has six 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 S. Nutt
    Vice President, Finance
    (416) 861-0662 ext. 223
    Email: c.nutt@automodular.com