Gemini Corporation

Gemini Corporation

July 04, 2005 11:30 ET

Gemini Completes Acquisition of Majestic Engineering; This Acquisition Provides Valuable Resources and Profitable Operations

CALGARY, ALBERTA--(CCNMatthews - July 4, 2005) - Gemini Corporation (TSX VENTURE:GKX), a leading provider of engineered solutions to an array of industry sectors, is pleased to announce the completion of its acquisition of the operations of Majestic Engineering Ltd. of Calgary, Alberta.

"We are extremely pleased to welcome the Majestic staff to our growing team of experienced professionals and look forward to serving the additional clients", said Carl Johnson, Gemini's President and CEO. "Our bundled full-service capability continues to strengthen as we add quality personnel and broaden our service offerings."

The Majestic personnel and client base are very complimentary to Gemini's existing operations. They have successfully completed projects in oil and gas pipelines, sweet and sour well site facilities, oil and gas production and processing plants, compressor stations, oil batteries, LPG recovery and water injection plants.

This acquisition expands Gemini's engineering services business with profitable incremental revenues of approximately $3,000,000 annually. The purchase price of $430,000 is comprised of $200,000 in cash and $230,000 in treasury stock issued at a 15% premium to market. The cash component is payable over the course of one year and the treasury stock will be released from escrow 50% after 6 months and the balance after 12 months.

Statements in this release which describe Gemini's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Gemini to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. Gemini may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.

About Gemini Corporation

Gemini Corporation is a growth-oriented company offering a wide range of interrelated services including engineering, project management, fabrication, construction, operations and maintenance of oil & gas and industrial facilities within Canada and internationally. The Corporation is a leading provider of engineered solutions through either stand-alone or integrated, full-service approaches to a broadening client base in an array of industry sectors.

Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to

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

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