eil.v/erilf C$.14
WINNIPEG, MANITOBA--(Marketwired - May 20, 2015) - Empire Industries Ltd. (TSX VENTURE:EIL) today reported that its Dynamic Attractions business unit has been awarded a contract valued in excess of US$24 million to supply one of its proprietary attractions to a major theme park in south Asia. This contract award comes from the same client that purchased two other attractions which were announced by Empire on March 4, 2015. These contracts will largely be executed over the next 36 months.
"It is gratifying to see our clients placing such confidence in us. Together with the two previously announced contracts, our south Asian client has awarded us over $US 66 million in contracts," said Guy Nelson, Empire's Executive Chairman and Chief Executive Officer.
About Empire Industries Ltd.
Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company has developed, designed and engineered products for the rapidly growing, global, media based attractions market. The company also provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company also 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.
About Dynamic Attractions
Many of the most popular rides at the world's largest amusement parks have been engineered, fabricated and/or built by Dynamic Attractions and its sister company, Dynamic Structures. The media-based attractions company has a proven record of delivering rides with unmatched records of guest satisfaction, safety, quality and reliability. Dynamic Attractions is a subsidiary of Empire Industries Ltd. (TSX VENTURE:EIL).
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