TERREBONNE, QC, Feb. 13, 2014 /CNW Telbec/ - ADF GROUP INC. ("ADF" or
the "Corporation") (TSX: DRX) announced today that the Corporation's
Board of Directors approved plans for its U.S. subsidiary ADF
International Inc. to build a new 3,900-square-meter (42,000 ft2) paint shop, adjacent to its new state-of-the-art fabrication plant in
Great Falls, Montana, U.S.A. This new building, including acquisition
of equipment, will require a $US6.0 million investment. The Corporation
will use its own funds to finance this new strategic investment.
Ground breaking on the construction of this new shop will start in late
March 2014, with commissioning planned for September 2014.
Mr. Jean Paschini, Co-Chairman of the Board of Directors and Chief
Executive Officer, adds "this new investment will provide both of our
fabrication plants, in Great Falls and Terrebonne, with another
competitive edge to effectively serve existing and new markets and to
expand ADF's client-base in North America.
Results for the Fiscal Year Ended January 31, 2014
The Corporation will publish the results for its fiscal year ended
January 31, 2014, before market opens on April 10, 2014.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design and engineering
of connections, fabrication and installation of complex steel
structures, heavy steel built-ups, as well as in miscellaneous and
architectural metals for the non residential construction industry. ADF
Group Inc. is one of the few players in the industry capable of
handling highly technically complex mega projects on fast-track
schedules in the commercial, institutional, industrial and public
sectors.
Forward-Looking Information
This press release contains forward-looking statements reflecting ADF
objectives and expectations. These statements are identified by the use
of verbs such as "expect" as well as by the use of future or
conditional tenses. By their very nature these types of statements
involve risks and uncertainty. Consequently, reality may differ from
ADF's expectations.
All amounts are in U.S. dollars.
SOURCE ADF Group Inc.
<p> <b>Jean-François Boursier</b>, CPA, CA, Chief Financial Officer<br/> Telephone: (450) 965-1911 / 1 (800) 263-7560<br/> Web Site:<b> </b><a href="http://www.adfgroup.com">www.adfgroup.com</a> </p>