Prestige Telecom announces creation of Prestige Energis and signs strategic
partnership agreement with Louisbourg SBC
MONTREAL, Sept. 15 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or "the Company") (TSX-V: PR) is pleased to announce the creation of Prestige Energis ("Energis"), a renewable energy division specializing in the design, engineering, project management and installation of both meteorological towers and wind turbine generator towers (WTGs). Energis offers a unique set of skills that sets the Company apart from its competitors, with hundreds of successful meteorological and wind energy projects and thousands of tall-tower sites worldwide.
Prestige also announces the signing of a strategic partnership agreement between Energis and Louisbourg SBC ("Louisbourg"), a major general contractor specializing in the building of foundations and infrastructure for the construction industry. The agreement is aimed at creating a joint venture for the purpose of winning meteorological and wind energy projects.
Prestige Telecom's Chairman and CEO Pierre Yves Méthot stated, "The combination of expertise gained over 30 years and strategic acquisitions enabled us to start this venture into a known and complementary business with strong market potential for Prestige. Furthermore, this strategic partnership with a renowned construction company such as Louisbourg will enable us to strengthen our service offering. As with the strategy deployed with Prestige Telecom, Energis' long term goal is to become the outsourcing partner of choice for the renewable energy industry by providing potential customers with a complete range of services to build their wind energy projects."
"We are pleased to partner with Prestige Energis, which possesses the expertise and resources necessary to support the rapidly growing renewable wind energy sector in Canada," stated Jimmy Accurso, Vice President, Construction of Louisbourg. "Past achievements by both companies will demonstrate to potential customers our high level of commitment to completing large projects on time and within budget, and should heighten their confidence in building a business relationship with us."
About Louisbourg SBC
Louisbourg SBC is the industry leader in construction and realization of large-scale civil engineering projects. Its reputation is founded on its ability to conceive, deliver and manage major projects including bridges and highways, dams and hydro-electric mega projects, and infrastructure projects for urban development. For more information, please consult Louisbourg SBC's website at www.cllsbc.com.
About Prestige Energis
Prestige Energis is a renewable energy division of Prestige Telecom specializing in the design, engineering, project management and installation of both meteorological and wind turbine generator towers in Canada and across North America. For more information, please consult Prestige Energis' website at energis.prestigetel.com.
About Prestige Telecom Inc.
Prestige Telecom is a leading provider of network engineering, materials furnishing, installation and support services (commonly referred to as EF&I services) required to construct, operate and maintain wireline, wireless, broadcast and cable television networks. Prestige assists telecommunications original equipment manufacturers and service providers to engineer, install and upgrade their infrastructures to support enhanced voice, high-speed data and video services. Prestige Telecom also provides technical and aerial services to the Canadian communications and broadcast industries, including tower supply, engineering, site construction, and infrastructure and equipment maintenance.
Prestige has over 1,000 professional and technical personnel. In Canada, Prestige operates from 19 service locations in 9 provinces. Prestige's head office is located in Baie-D'Urfé (Montreal), Quebec.
Forward-Looking Statements
This press release contains certain forward-looking statements with respect to the Company. Such forward-looking statements are dependent upon a certain number of factors and are subject to risks and uncertainties. Actual results may differ from those expected. The information contained in this press release is dated September 14, 2010, the date on which the Directors approved the press release. Management does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events, except when required by the regulatory authorities.
The TSX Venture Exchange accepts no responsibility for the adequacy or accuracy of this press release.
For further information:
Contact: | Prestige Telecom Inc. Maryanne Golden Director - Corporate Affairs Tel: (514) 457-4488 ext: 273 [email protected] |
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