Innovate Building Systems, Inc. (OTCBB:INBD) (the ”Company”) announced the acquisition of a major manufacturer of modular building systems located in Alberta hereinafter referred to as Innovate. Innovate would like to announce that it has entered into an $8.8 million dollar contract to build a 150 man camp for a major multi-national oil company. The plant will be installed at Norman Wells, North West Territories, in Canada.

This camp is one of many contracted to Innovate since 2011 by major oil and gas companies to provide their employees with state of the art accommodations and camp facilities. Due to Innovate’s modern, cutting edge design and construction facilities, Innovate continues to provide quality, unique, stylish modular units with features such as en-suite living quarters and ultra-functional recreational facilities.

Kevin Grady, Innovate’s President and CEO stated that: “This contract with another major oil and gas company is significant in that it reaffirms our position as a major supplier of up-scale modular building systems to northern Canada’s booming oil and gas industry.”

About Innovate

Innovate was incorporated in 2011 to provide services to niche markets in the modular building systems sector. Their sales have grown steadily since then. With the opportunity to now expand into their new 95,000 square foot state of the art Vegreville plant located east of Edmonton, Innovate is now positioned to capitalize on its successful marketing and extensive industry network. With active quotes in excess of $100 million for a number of projects including apartment buildings, camp lodges, hotels, office units, and accommodation complexes for the resource industry, Innovate is positioned to continue to grow rapidly.

For further information about Innovate please call us at 587 773-7733 or visit the company web site at www.get-innovate.com

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue," or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements.

Other factors that could materially affect actual results, levels of activity, performance or achievements can be found in INBD's Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed with the Securities and Exchange Commission ("SEC") and in quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC, and may also include the risks and uncertainties associated with a failure to consummate or a delay in the consummation of the proposed transaction, including as a result of a failure to satisfy the conditions to closing in a timely manner or at all. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what INBD projected. Any forward-looking statement in this release reflects INBD’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to INBD's operations, results of operations, growth strategy and liquidity. INBD assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as required by law.

Innovate Building Systems, Inc.Rick Carl, 587-773-7733

North America Frac Sand (PK) (USOTC:NAFS)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more North America Frac Sand (PK) Charts.
North America Frac Sand (PK) (USOTC:NAFS)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more North America Frac Sand (PK) Charts.