Dominion Bridge Corporation Company Update.MONTREAL--(BUSINESS WIRE)--July 14, 1998--Dominion Bridge Corp(Nasdaq:DBCO) (VSE See DOS/VSE. VSE - Virtual Storage Extended :DMO DMO Debt Management Office (Bank of England) DMO Destination Marketing Organization DMO Defence Materiel Organisation (Australia) DMO Dental Maintenance Organization DMO Distributed Mission Operations .U.) Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Bridge Corporation (NASDAQ/NMS - DBCO; VSE - DMO.U) ("DBCO") announced today it has completed an agreement with Deere Park Capital for a Cdn. $10 million credit facility for working capital purposes. Additionally, the company is conducting discussions with a number of credit worthy corporations interested in the purchase of the company's investment in McConnell McConnell may refer to:
Any proceeds recognized from these two financial processes will be used toward an investment in the future interests of Dominion Bridge Corporation's operations. The company will continue to reduce cost and enhance its operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: through overhead reductions and project management improvement. The company is also considering alternatives from its financial advisors on options for improving cash flow and shareholder value. Dominion Bridge, established in 1879, is active in the international engineering and infrastructure markets. Dominion Bridge Corporation's subsidiaries are Dominion Bridge, Inc., Steen Becker, Inc., Davie Industries and McConnell Dowell Corporation of Australia.
CONTACT: Derek S. Tennant, 416/340-8460
or
Allen S. Gerrard, 312/726-4070
INDUSTRY KEYWORD: BUILDING/CONSTRUCTION
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