CALGARY, Alberta, Dec. 18, 2017 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV:CVX) (the
“Corporation” or “CEMATRIX”) announces that its wholly owned subsidiary, CEMATRIX (Canada) Inc.
(the “Company”) has received new contracts/purchase orders for $1.6 million, bringing this year’s total to $10.7
million.
“These new contracts/purchase orders are for infrastructure projects across Canada”, stated Jeff Kendrick,
CEMATRIX President and CEO, “and in fact, almost 100% of this year’s contracts have been for infrastructure related projects. Each
one of the new projects are scheduled to be completed in the first quarter of 2017. This is in addition to the $1.4 million of
projects carried forward into the new year, from the previously announced contracts, bringing the 2018 total contracts to date to
$3.0 million. Although, 2017 oil and gas related sales have declined by almost 100%, which impacted our revenue expectations,
infrastructure sales have increased by more than 50%. The revenue downtrend is forecasted to reverse itself in 2018, as contracted
and verbally awarded infrastructure projects for 2018 now exceed $10.4 million, which is 41% ahead of the same time, the previous
year.”
CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its
wholly owned subsidiary, is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete
products developed from proprietary formulations. This unique cement based material with superior thermal protection, delivers a
cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and
commercial markets.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Jeff Kendrick - President and Chief Executive Officer
Phone: (403) 219-0484
Jeff Walker, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com
Forward-looking information: This news release contains certain information that is forward looking and is
subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”,
“would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and
potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook.
All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements
were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation
to update or revise forward looking information except as required by law. For additional information on the assumptions made and
the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management
Discussion and Analysis dated November 16, 2017 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.
