Gross margin before foreign exchange variation grew by 81% to $7.1 million, or 28% of first-quarter revenues.

Net earnings jumped 131% to $3.2 million or $0.09 basic and diluted per share in Q1 over Q1 (07).

Working capital of more than $28 million and an increase of some 5% in shareholders' equity, reflecting operating profitability, and a long-term debt under the $10 million mark.

Guidance for revenues between $80 million and $100 million for the current fiscal year.

In negotiation for various potential projects totalling some $395 million in North America and abroad.

Analysts' targets of $8.00 +.

With $billions to be spent on infrastructure upgrades and growth in Canada alone over the next few years, ADF offers an attractive, undervalued way to play this field.

Have a good evening!