The envision Group

The envision Group

October 16, 2008 16:15 ET

The envision Group Continues Remarkable Growth Streak in Third Quarter

OTTAWA, ONTARIO--(Marketwire - Oct. 16, 2008) - The envision Group is pleased to announce that it has recently been awarded a new contract worth $25.1 million. The new contract is separate from our current standing offer agreements and multi-year contracts.

IONA Contractors Ltd., a wholly owned subsidiary of The envision Group, has been awarded a new contract worth $25.1 million under the P3 program for the Ring Road Project. "IONA is pleased to provide support under this infrastructure project for Flatiron-Graham-Parsons" states Boyd Lumley, Vice President, IONA Contractors Ltd. "This new contract award is a testimony to our unique capabilities."

"The envision Group is having a great Third Quarter with new contracts being announced on a monthly basis. With a current backlog of more than $40,000,000, our company continues to exceed our previously stated financial objectives for 2008," remarked President and CEO Frank D'Addario. "Especially in a time of global financial turbulence we are extremely pleased with our solid performance," Mr. D'Addario added.

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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