CEMATRIX Corporation
TSX VENTURE : CVX

CEMATRIX Corporation

May 14, 2013 15:53 ET

CEMATRIX Corporation Announces $1.2 million Of New Contracts

CALGARY, ALBERTA--(Marketwired - May 14, 2013) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or the "Company" or "CEMATRIX") is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has received signed orders for oil sands and infrastructure projects in the amount of $1.2 million in aggregate, bringing this year's total contracted work to $5.1 million, all of which is scheduled for completion in 2013.

"A significant portion of these contracts are scheduled for completion in the first two quarters of 2013, which confirms the strong start to the year" stated Jeff Kendrick, CEMATRIX President and CEO. In addition, the Company continues to work with engineering firms and customers on the design and timing of other projects throughout the North American market.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications. Applications for cellular concrete include tunnel grouting; bridge abutment and retaining wall backfill; insulation of shallow utilities, roads and runways; insulation and/or structural foundations for tank bases and facilities; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", expect", "would' or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries' future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX's Management Discussion and Analysis dated March 14, 2013 under CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • CEMATRIX Corporation
    Jeff Kendrick
    President and Chief Executive Officer
    (403) 219-0484

    The Howard Group
    Jeff Walker
    Investor Relations
    (888) 221-0915 or (403) 221-0915
    jeff@howardgroupinc.com