Automodular Corporation

Automodular Corporation

July 14, 2009 08:37 ET

Automodular Corporation: Labour Agreement

TORONTO, ONTARIO--(Marketwire - July 14, 2009) - 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 2-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, transportation and logistics services to three OEM plants in Ontario and Ohio. The Company has four operating facilities and employs approximately 600 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 above 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 Readers are cautioned not to rely on forward-looking statements. Except as required under continuous disclosure obligations, 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. Effective fourth quarter of 2008, Automodular no longer provides a financial outlook.

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