The envision Group

The envision Group

September 16, 2008 17:06 ET

The envision Group Awarded Additional Contracts Totalling $15 Million

OTTAWA, ONTARIO--(Marketwire - Sept. 16, 2008) - The envision Group is pleased to announce that it has recently been awarded $15 million in additional contracts. The new contracts are separate from our current standing offer agreements and multi-year contracts.

IONA Contractors Ltd., a wholly owned subsidiary of The envision Group, specializes in underground services, site excavation, grading and preparation, environmental site clean-up and remediation activities, decommissioning and demolition of facilities, excavation and disposal of contaminated soils. IONA Contractors Ltd. has been awarded an additional $10 million in Airport improvement work and the Environmental Contracting division of IONA has been awarded $2 million in additional contracts.

Western Construction and Combustion Services Inc., a wholly owned subsidiary of The envision Group that provides Construction Management Services for Industrial, Institutional and Commercial clients in addition to specialized project work, has been awarded an additional $3 million in projects; this work has been made available through the ongoing Provincial and Municipal Infrastructure improvements in Alberta. Western will continue to build upon their strong relationships with existing clients while completing the projects currently in progress.

"We are very pleased with the confirmation of existing contracts as well as new contracts that our group has just announced", states President and CEO Frank D'Addario. "The envision Group will continue to cross market our services and acquire new businesses that will add to our revenue stream for 2008 and 2009; Western Canada still has a robust growth strategy which will provide sustainability within the Construction industry" adds Mr. D'Addario.

Company Information

The envision Group is a rapidly growing environmental services company providing cost effective and innovative solutions to environmental problems. The company has a broad range of experience serving the petroleum, realty, government, private, First Nations and industrial sectors.

The envision Group will continue to build on its core contracting and environmental consulting expertise through an aggressive acquisition strategy, focusing on opportunities throughout Canada.

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