VANCOUVER, Dec. 10, 2013 /CNW/ - WesternOne Inc. ("WesternOne") (Toronto
Stock Exchange: WEQ, WEQ.DB, WEQ.DB.B and WEQ.DB.C) announced today
that its Britco division has entered into contracts with customers to
design and build workforce accommodations valued, in aggregate, at
approximately $31.4 million.
One of the projects involves Britco building a 400 room facility that
will include kitchen, dining and recreation facilities as well as
administration offices. Work is scheduled to start in the first
quarter of 2014. The complex will be located in northern Alberta and
is scheduled to be completed and fully commissioned in the summer of
2014.
The second project will see Britco providing 120 dorm rooms and a
variety of other workforce accommodation units beginning in Q4 of 2013
and extending throughout 2014. The workforce housing units are
destined for northern British Columbia.
Forward-looking Information
Certain statements in this press release may constitute
"forward-looking" information that involves known and unknown risks,
uncertainties and other factors, and it may cause actual results,
performance or achievements or industry results, to be materially
different from any future results, performance or achievements or
industry results expressed or implied by such forward-looking
information. Forward-looking information is identified by the use of
terms and phrases such as "anticipate", "believe", "could", "estimate",
"expect", "intend", "may", "plan", "predict", "project", "will",
"would", and similar terms and phrases, including references to
assumptions. Such information includes, without limitation, statements
with respect to: the design and build of workforce housing projects in
northern Alberta and northern British Columbia and the start and
completion dates of the projects. Actual events or results may differ
materially.
Forward-looking information contained in this press release is based on
certain key expectations and assumptions made by WesternOne, including,
without limitation, expectations and assumptions respecting: the
outlook of WesternOne's business and the economy in Western Canada, the
supply and demand for WesternOne's products and services and
management's assessment of future plans and operations. Although the
forward-looking information contained in this press release is based
upon what the WesternOne's management believes to be reasonable
assumptions, WesternOne cannot assure investors that actual results
will be consistent with such information. Forward-looking information
reflects current expectations of management regarding future events and
operating performance as of the date of this press release. Such
information involves significant risks and uncertainties, should not be
read as guarantees of future performance or results, and will not
necessarily be accurate indications of whether or not such results will
be achieved. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking
information, and a description of these factors can be found under
"Risk Factors" in WesternOne's Annual Information Form dated March 28,
2013 and Management's Discussion and Analysis dated November 14, 2013,
which are available on SEDAR (www.sedar.com).
The forward-looking information contained herein is expressly qualified
in its entirety by this cautionary statement. Forward-looking
information reflects management's current beliefs and is based on
information currently available to WesternOne. The forward-looking
information is made as of the date of this press release and WesternOne
assumes no obligation to update or revise such information to reflect
new events or circumstances, except as may be required by applicable
law.
About WesternOne
WesternOne seeks to acquire and grow businesses in the construction and
infrastructure services sectors in order to generate stable and growing
dividends to its shareholders and to achieve capital appreciation.
About Britco
With over 1,000 employees in Australia, Canada, and the United States,
Britco is one of the largest modular construction companies in the
industry.
Britco provides temporary and permanent residential and commercial
modular buildings and offers leading design-build capabilities as well
as turn-key construction project management services for a wide range
of customers in the infrastructure, construction, energy and resource
sectors.
Britco is headquartered in Langley, British Columbia. Additional
information about Britco is available at www.britco.com or www.weq.ca.
Additional Information
Additional information relating to WesternOne and other public filings,
is available on SEDAR at www.sedar.com or on WesternOne's website at www.weq.ca.
Trading Symbols
Toronto Stock Exchange: WEQ, WEQ.DB, WEQ.DB.B and WEQ.DB.C
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE WesternOne Inc.
