Ontario Expansion Announced
Toronto, May 2, 2007
Automodular Corporation ("Automodular") announces that it expects to expand its GTA
area workforce by approximately 375 personnel over the next 18 months to accommodate
recent contract awards to sub-assemble and sequence commodities for North American
Original Equipment Manufacturers ("OEMs") commencing in 2008 and 2009.
As part of its agreements with the OEMs, Automodular has agreed to keep confidential
the names and locations of the OEMs and the particulars of the work involved.
Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and
logistics services to six OEM plants in Ontario, Michigan and Ohio. The Company has
six operating facilities and employs over 900 people.
For further information, contact:
Christopher Nutt
Vice President, Finance
Automodular Corporation
(416)861-0662 x 223
c.nutt@automodular.com
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.
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