CanFibre to fastrack California development plans.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 27, 1995--The CanFibre Group Ltd. is pleased to announce that it has executed an agreement in principle with ARB, Inc., a major California based contractor which will permit CanFibre to fastrack its plans for a California sited MDF (1) (Main Distribution Frame) A wiring rack that connects outside lines with internal lines. It is used to connect public or private lines coming into the building to internal networks. plant. ARB, Inc. was established over 60 years ago in California and has grown to be rated in May 22, 1995 issue of Engineering News-Record Engineering News-Record (widely known as ENR) is a weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It has been published since 1874. It is owned by The McGraw-Hill Companies. list of the top 400 contractors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. as number 99. The rating is based on revenues of $219 million in 1994. CanFibre considers the arrangement with ARB to be complimentary to CanFibre's existing relationship with Stone & Webster who are both co-developers and exclusive turn-key contractors for CanFibre's planned multiple plant program. ARB, as a major California based construction group, has considerable experience and familiarity with major developments in the region and will be able to provide localized experience required on any major development. Under the terms of their agreement with CanFibre, ARB has been given a preferred status as CanFibre's contractor on a competitive basis for the construction of one or more planned CanFibre MDF plants to be located within California and/or the United States. In return, ARB, in conjunction with CanFibre management, is analyzing available plant sites based on land and construction costs, permitting requirements, energy costs, transportation functions, and those other variable elements required to be analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. in order to arrive at a priority selection. Upon arriving at a final site selection, ARB will assist in the preparation of a fast track development program including construction cost analysis, permitting preparation and applications, and all other required preconstruction functions. Additionally, ARB has agreed to assist CanFibre either directly or indirectly in providing and/or arranging an optimum funding package of equity and debt on a localized basis for the planned CanFibre MDF plant. ARB has requested the opportunity to be a direct equity participant to the project. The common shares of CanFibre are quoted on the Canadian Dealing Network Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. , symbol-CFGL and on the United States O.T.C. Bulletin Board, symbol-CNFBF. CONTACT: CanFibre, 800/661-0288 or US Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , 800/680-4940 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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