07:18:28 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Augusta Industries Inc
Symbol AAO
Shares Issued 256,114,871
Close 2017-10-02 C$ 0.04
Market Cap C$ 10,244,595
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Augusta's Marcon wins $694,295 in U.S. gov't deals

2017-10-02 10:45 ET - News Release

Mr. Allen Lone reports

AUGUSTA SUBSIDIARY, MARCON ANNOUNCES NEW CONTRACTS WITH AN AGGREGATE VALUE OF $694,295.00

Augusta Industries Inc.'s wholly owned subsidiary, Marcon International Inc., has been awarded contracts with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the new contracts entered into in September is $694,295. The current pipeline of orders, including these new contracts, is $1,899,630 as of Sept. 30, 2017.

"The corporation is pleased that it continues to enter into new agreements with various entities of the United States government," stated Allen Lone, president of the corporation. "We are still focusing on adding more contracts to our sales pipeline and continue to develop our relationship with our clients for future opportunities."

About the corporation

Through its wholly owned subsidiaries, Marcon International Inc. and Fox-Tek, the corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of U.S. government entities. Marcon's principal business is the sale and distribution of industrial parts and equipment.

Fox-Tek provides world leading solutions to various sectors including the oil and gas industry.

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