Mr. Allen Lone reports
AUGUSTA INDUSTRIES RECEIVES LETTER OF INTENT FROM BANGLADESH
Augusta Industries Inc.'s wholly owned subsidiary, Marcon International Inc., has received a letter of intent from a government contractor in Bangladesh for marine equipment in addition to a three-year supply of parts to the port authorities. The contract's estimated value is approximately $1.5-million.
"The corporation has continued its efforts to expand its global reach and secure new contracts internationally," stated Allen Lone, president of the corporation. "We will keep our shareholders updated on the status of the contract once signed. The total contract value, delivery period and payment terms will only be guaranteed and confirmed once the contract has been signed by both parties."
We seek Safe Harbor.
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