CEMATRIX Corporation

September 17, 2008 18:02 ET

CEMATRIX Corporation Announces New Orders

CALGARY, ALBERTA--(Marketwire - Sept. 17, 2008) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation") is pleased to announce that the Corporation's wholly-owned subsidiary, CEMATRIX (Canada) Inc., has received several new orders for the supply and placement of cellular concrete with a combined sales value of $6.0 million dollars. These new orders/projects are mainly for oil sands and refinery projects in the Fort McMurray and Fort Saskatchewan areas of Alberta, but also include municipal infrastructure projects as well.

A few of the new projects are underway as approximately $0.7 million of this combined sales value has been completed as of the date of this news release. One of the projects, with a sales value of $4.7 million, is scheduled to commence in 2009.

The combined sales value of new orders received and press released in 2008 for the supply and placement of cellular concrete by the Corporation now total $9.1 million.

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 as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

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