Seacliff Construction Corp.
TSX : SDC

Seacliff Construction Corp.

July 06, 2009 16:05 ET

Seacliff Construction Announces Appointment of New Chairman

Phillip George to Remain as Director and Major Shareholder

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2009) - Seacliff Construction Corp. ("Seacliff") (TSX:SDC) today announced that Brian Bentz, a Chartered Accountant with significant public company experience, has been appointed Chairman of the Board effective July 8, 2009. Mr. Bentz takes over from Phillip George, who has served as Chairman since Seacliff went public in April of 2008. Going forward, Mr. George plans to maintain his position as a major shareholder and will continue to play a key role in the company, both as a member of Seacliff's Executive Committee and as a Director of the Board.

"As Chairman, Phil led the company through our Initial Public Offering and our first year as a public company, providing invaluable guidance to the Executive Committee and the Board," said Bill Crarer, Seacliff's CEO. "We are pleased that we will continue to benefit from his wisdom and nearly 40 years experience in the construction industry. We also welcome Brian Bentz as our new Chairman. Brian brings significant depth and experience to his new role, being well-versed in both the intricacies of managing a public company and the construction industry. We are confident his expertise will prove a valuable asset in advancing Seacliff's strategic focus on growth and improved profitability."

Mr. Bentz has been President of Oilsands and Mining for AMEC, a publicly traded global engineering and project management company, since 2006. Prior to that, he was President, Project Investments Americas and Director of Business Development in the United Kingdom for AMEC Project Investments Ltd. A Chartered Accountant since 1969, Mr. Bentz's public company experience also includes directorships with Capital Power Corporation, MacDonald, Dettwiler and Associates Ltd., and the Canadian Council for Public-Private Partnerships, with past directorships at B.C. Telecom Inc. and Czar Oil and Gas Corporation.

About Seacliff Construction Corp.

Seacliff, which went public through an initial public offering in late April 2008, 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, B.C. 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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