New contract announced this morning with a "major amusement park operator". Any revenue garnered during these economic times is a bonus.
With the decrease in commodity prices, are we safe to assume that EIL's margins improve?
Anyway, have a great week and Happy Holidays!
News from CNW Group
Empire Industries Ltd. announces US$18 million amusement ride contract
07:00 EST Monday, December 22, 2008
VANCOUVER, Dec. 22 /CNW/ - Empire Industries Ltd. (TSX-V: EIL) ("Empire" or the "Company"), a provider of specialized engineered products and steel fabrication and installation services, today announced that it's wholly owned subsidiary, Dynamic Structures, has signed an US$18 million contract with a major amusement park operator to deliver the steel track and switches for a major new amusement ride in the U.S.
"This contract leverages our core competencies in engineering and fabrication, resulting in revenue for both segments of our business," said Guy Nelson, Chief Executive Officer of Empire. "While much of our business development efforts are still focused on Western Canada, our world-class manufacturing capabilities are opening new opportunities in niche growth markets in the U.S. and overseas, where we continue to see growth in capital spending."
