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BANISTER'S SUBSIDIARY CONTINUES IN NUCLEAR POWER PROJECT

 SCARBOROUGH, Ontario, March 8 /PRNewswire/ -- Banister Inc. is pleased to announce that its wholly-owned subsidiary, The Foundation Company of Canada, is continuing its participation in a major nuclear power generation project in South Korea.
 Foundation is a 26 percent shareholder of NPM Nuclear Project Managers Canada Inc., which has recently signed a contract valued in excess of $300 million with Atomic Energy of Canada Limited. The Contract is for the nuclear steam supply system equipment and related services for two CANDU 6 reactors being constructed as Units 3 and 4 at Wolsong Nuclear Power Station.
 Foundation participated in project construction management for Wolsong Unit 1 and, through NPM, is currently providing a portion of the procurement, architectural and engineering services for Wolsong Unit 2 under a contract awarded in December 1990.
 Banister Inc. is a Canadian based construction firm specializing in building, civil, nuclear, industrial, pipeline and utility construction.
 -0- 3/8/93
 /CONTACT: Mr. O. G. Weber, NPM Nuclear Project Managers Canada Inc., 416-823-1770/
 (BAN)


CO: Banister Inc. ST: Ontario IN: CST SU:

LR -- NY041 -- 3922 03/08/93 10:37 EST
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Publication:PR Newswire
Date:Mar 8, 1993
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