Automodular Pontiac Operations.TORONTO -- Automodular Corporation (TSX:AM) ("Automodular") announces that it was an unsuccessful bidder for an expansion of its Pontiac Pontiac, Ottawa chiefPontiac, fl. 1760–66, Ottawa chief. He may have been the chief met by Robert Rogers in 1760 when Rogers was on his way to take possession of the Western forts for the English. Although the Native American uprising against the English colonists just after the French and Indian Wars is known as Pontiac's Rebellion or Pontiac's Conspiracy, Pontiac's role is uncertain., Michigan operations and, in accordance with the terms of the bid, will cease to operate in Pontiac in mid-2006. Tec-Mar opened this 362,000 square foot facility in January 2003. The Pontiac operations reported revenues totaling approximately US$12 million in 2005 and employs 180 people.Automodular is a supplier of sub-assembly, sequencing, transportation and logistics services to six OEM plants in Ontario, Michigan and Ohio. The Company has seven operating facilities and employs over 800 people. This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company's periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Automodular Corporation (TSX:AM) |
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