The envision Group

The envision Group

June 12, 2008 15:19 ET

The envision Group Awarded Over $10 Million in New Contracts

OTTAWA, ONTARIO--(Marketwire - June 12, 2008) - The envision Group is pleased to announce that it has recently been awarded over $10 million in new contracts. The new contracts are in addition to our current standing offer agreements and multi-year contracts.

IONA Contractors Inc., a wholly owned subsidiary of The envision Group, has entered into a $3.725 million contract with the Edmonton Airport Authority for the 2008 Apron Expansion works. The project includes installation of a drainage system, preparation and placing of base aggregates and construction of a new operating apron, parking area and other ancillary works.

IONA Contractors Inc. has also been awarded a $6.392 million project from The Calgary International Airport Authority. IONA will be installing a storm line system and three major road boars for the Airport Authority, the project is expected to be completed this year.

"The envision Group continues to be awarded new contracts and is very pleased with its growth in the environmental services and contracting industries", states President and CEO Frank D'Addario. "Staff continues to work hard to secure these new contracts and their efforts will reap rewards for The envision Group. The majority of these revenues will add to the busiest time of our fiscal year, namely Q3 and Q4", 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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