CALGARY, ALBERTA--(Marketwired - July 18, 2013) - Gemini Corporation (TSX VENTURE:GKX) announced the signing of another multi-year agreement for services that will provide significant foundational revenue for the Corporation.
This latest agreement is with Secure Energy Services Inc. for the provision of engineering, regulatory, fabrication and field construction services. It has been added to four previous agreements with high-profile companies in Canada's oil and gas industry - two in the heavy oil sector and two in the midstream sector. These alliances set the stage for sustained revenue growth for Gemini and are expected to translate into increasing profitability as the Corporation leverages its existing fixed infrastructure and builds upon its current capacity.
The strategic intent of these agreements is to foster business relationships with suitably aligned companies seeking the benefit of improved communication, schedule compression, and cost effective execution. Engaging the full suite of Gemini capabilities from regulatory to engineering to fabrication and site installation, clients are able to capitalize on the Corporation's design-build expertise. Collaborating with the client personnel is the essence of these relationships and leads to successful project completions. This collaboration also enables Gemini to sustain a strong retention strategy that provides employees with opportunities for career development and experience while working closely with these key clients.
About Gemini Corporation
Gemini Corporation is a professional services firm that provides engineering, regulatory, fabrication, installation and maintenance solutions for clients through stand-alone or integrated service delivery models. For more than 30 years, Gemini has been harnessing the energy of its staff and clients to power innovation in conventional and unconventional oil and gas, in-situ heavy oil and heavy industrial facilities across Western Canada. Our integrated design-build project delivery model differentiates Gemini and provides tremendous value-added benefits for clients, such as constructability advice at the design phase, schedule compression and one point of accountability.
Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to www.geminicorp.ca.
This news release may contain forward looking information that represents Gemini's internal projections, expectations, estimates or beliefs concerning, among other things, future operating results and various components thereof or Gemini's future economic performance. All statements other than the statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "projects", "plans", "anticipates", and similar expressions. The projections, estimates and beliefs contained in such forward-looking statements are based on management's assumptions relating to Gemini's performance and competition within the sectors in which it competes, the continuation of the current regulatory and tax regimes in the jurisdictions in which Gemini operates, and necessarily involve known and unknown risks and uncertainties, including risks and assumptions relating to client service demand, field service costs, labourrates, and other factors that may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted or suggested. The Corporation does not undertake to update any forward-looking information in this document whether as to new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.