VANCOUVER, BRITISH COLUMBIA, May 03, 2010– Seacliff Construction Corp. (“Seacliff” or “the Corporation”), one of the largest and most diversified construction companies in Western Canada, today announced that Dominion Construction, its construction contracting division, has been awarded the $135 million construction management contract for a new state-of-the-art stadium and training centre at the University of Manitoba in Winnipeg.
The stadium, which will be the new home of the Winnipeg Blue Bombers Football Club and the University of Manitoba athletic program, will feature an innovative sunken playing field 25′ (7.62 m) below grade. The completely enclosed bowl will provide overhead weather protection for 80% of fans, seating for 33,000, enhanced concessions, private suites, event facilities, a permanent Blue Bomber Hall of Fame and an inflatable bubble for use during the winter months. The facility will be delivered in a fast-track environment with construction scheduled to begin in June 2010.
“We are pleased to announce the selection of Dominion as construction manager for this marquee project,” said Bill Crarer, Seacliff’s CEO. “We are also optimistic that this is just the first of several Manitoba construction projects we will be announcing during 2010. The outlook for the province is very positive and Seacliff is well positioned to capitalize on the strong market conditions, with a solid list of potential projects in front of us.”
In addition to the stadium contract, Dominion was recently awarded the $22 million construction management contract for the Calgary Alberta Temple by The Church of Jesus Christ of Latter-day Saints. Dominion has been providing pre-construction services for the project under separate contract for the past year, with construction of the temple expected to begin in June 2010 and run for approximately 22 months.
About Seacliff Construction Corp.
Seacliff provides general contracting construction services, electrical contracting and earthmoving services to a wide array of clients in both the public and private sectors, with a majority of its business derived from institutional, commercial, civil and light industrial construction projects. Seacliff is headquartered in Vancouver, BC and operates 22 locations in British Columbia, Alberta, Saskatchewan and Manitoba, as well as two locations in Northwestern Ontario. Seacliff’s business is conducted through three business units: Dominion Construction, a general contractor; Canem Systems, an electrical contractor; and the Broda Construction Group, a Saskatchewan-based earthmoving and heavy civil construction contractor.
FORWARD-LOOKING STATEMENTS
This press release contains statements concerning Seacliff’s services, use of funds, business plan, and objectives. Seacliff’s Total Work on Hand, other expectations, plans, goals, objectives, assumptions, information or statements about future events or conditions may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things, the successful implementation of Seacliff’s business plan, the availability to Seacliff of qualified personnel, the continuation and completion of the projects forming Seacliff’s Total Work on Hand, and general economic, business and market conditions. Although Seacliff believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Seacliff can give no assurance that such expectations will prove to be correct. The forward-looking statements are based on Seacliff’s current expectations, estimates and projections, and are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, among others, Seacliff’s ability to be retained for existing and new project work by existing and new clients, Seacliff’s ability to retain and hire the qualified personnel required, the delay or cancellation of projects forming Seacliff’s Total Work on Hand, general economic, business and market conditions, and other risks as are detailed from time to time in continuous disclosure filings of Seacliff. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. These forward-looking statements are made as of the date of this press release, and Seacliff assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable laws.