Canadian Stocks

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EIL.V 33% up ~~ Empire Industries Reports Order for US$ 120 million
May 19, 2017

WINNIPEG, May 19, 2017 – Empire Industries Ltd. (TSX-V: EIL) today reported that it has received a USD$ 120 million, multi-year, multi-theme park ride system series of contracts with one of the leading, global theme park owners. These contracts will largely be executed over the next 4 years from the company’s Vancouver-based design and manufacturing facilities as well as their Attractions Development Center.

“Our company has invested heavily in building our ride system engineering and manufacturing capacity and today’s announcement proves that the investment is working,” said Guy Nelson, CEO of Empire Industries. “Our strategy continues to focus on building the creative and technical resources to help select customers design and build the best attractions in the world. This strategy addresses a rapidly growing consumer market, demanding shared entertainment experiences that simply can’t be experienced at home.”


About Empire Industries LTD

Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company develops, designs and engineers products for the rapidly growing, global, media based attractions market and also uses these globally competitive competencies in the optical telescope market. The company designs and manufactures Hydrovac trucks for excavation service providers to the oil and gas industry and the municipal markets. The company provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.

For more information about the Company, visit www.empind.com or contact:

Guy Nelson
Cheif Executive Officer
Phone: [phone]
Email: [e-mail]

Allan Francis
Vice President – Corporate Affairs and Administration
Phone: [phone]
Email: [e-mail]

http://empind.com/empire-industries-reports-order-us-120-million/