Seacliff Construction Corp.
TSX : SDC

Seacliff Construction Corp.

February 18, 2009 16:05 ET

Seacliff Awarded $10.4 Million Contract to Install New Digital Library System at University of Calgary

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2009) - Seacliff Construction Corp. ("Seacliff") (TSX:SDC) today announced that Canem Systems, its electrical and data communications contracting arm, has been awarded the $10.4 million electrical contract for the Taylor Family Digital Library (TFDL) at the University of Calgary in Alberta. Canem will supply and install all the electrical equipment and systems at the TFDL, a new 265,000 square foot facility that will incorporate the university's existing library, and its other cultural resource departments and services.

"The new Taylor Family Digital Library will employ a cross-section of leading-edge technologies to unite a broad range of multi-media educational resources and promote unique new ways of learning," said Bill Crarer, Seacliff's CEO. "As a specialist in complex, high-value institutional projects like this one, we believe that Canem was a natural choice for the job. We are extremely pleased to have been selected."

The TFDL is part of a three-phase, $144 million project to be built by CANA Construction Ltd. In addition to the TFDL, the project involves construction of a new High-Density Library (HDL) building to house additional library collections, and the landscaping redevelopment of the Taylor Family Quadrangle (QUAD), an adjacent 285,000 square foot gathering place. Designed for the 21st century scholar, the combined facility will include: new and expanded learning commons; an art museum; an Internet cafe; collaborative workrooms; presentation practice rooms; video conferencing; audio-visual viewing rooms; editing and recording suites; multimedia labs; and computer-equipped classrooms.

Construction of the TFDL has commenced and completion of all three components (the TFDL, the HDL building and the QUAD) is anticipated by the end of 2010. Month-by-month construction time-lapse videos of the site can be viewed at http://tfdl.ucalgary.ca/blog/updates.

About Seacliff Construction Corp.

Seacliff is one of the largest and most diversified construction companies in Western Canada. It provides general contracting construction services and electrical contracting services to a wide array of clients in both the public and private sectors, with a majority of its business derived from institutional, commercial, and light industrial construction projects. Seacliff is headquartered in Vancouver, BC and operates 15 locations in British Columbia, Alberta, Saskatchewan and Manitoba, as well as one location in Northwestern Ontario. Seacliff's business is conducted through two business units: Dominion Construction, a general contractor; and Canem Systems, an electrical contractor.

As a general contractor, Dominion offers diversified general contracting, construction management and design build services in Western Canada primarily to institutional, commercial and light industrial clients. Dominion's services include preconstruction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project.

Canem provides a broad range of services including designing, building, maintaining and servicing electrical and data communication systems for institutional, commercial, light industrial and multi-family residential customers. Canem's electrical contracting services include: designing electrical distribution systems within a building or complex; procuring and installing electrical equipment and materials; on-call service for electrical maintenance and troubleshooting; preventative and scheduled maintenance for critical component installations; budgeting and preconstruction services; and management of regional and national contracts for multi-site installations.

Forward-looking Statements

Certain statements in this press release may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things, the successful implementation of Seacliff's business plan, the availability to Seacliff of qualified personnel, the continuation and completion of the projects forming Seacliff's Total Work on Hand, and general economic, business and market conditions. Although Seacliff believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Seacliff can give no assurance that such expectations will prove to be correct. The forward-looking statements are based on Seacliff's current expectations, estimates and projections, and are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, among others, Seacliff's ability to be retained for existing and new project work by existing and new clients, Seacliff's ability to retain and hire the qualified personnel required, the delay or cancellation of projects forming Seacliff's Total Work on Hand, general economic, business and market conditions, and other risks as are detailed from time to time in continuous disclosure filings of Seacliff. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. These forward-looking statements are made as of the date of this press release, and Seacliff assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable laws.

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