CALGARY, ALBERTA--(Marketwire - April 14, 2008) - ATCO Frontec and the Fort McKay First Nation have opened the first phase of their new Creeburn Lake Lodge, which provides much-needed, high-quality accommodation in the booming oil sands region 65 kilometres north of Fort McMurray.
The joint-venture partners plan to have all 500 rooms ready for occupancy by August and, due to market interest, evaluation is underway to consider doubling capacity to 1,000 rooms. This unique joint venture agreement to build much needed accommodation was only announced last October.
"Rooms are in high demand and we expect to be at capacity when the Lodge is fully-operational in August," said Harry Wilmot, President, ATCO Frontec. "We are delighted to provide a facility that offers a high level of comfort and amenities to people working away from home in the oil sands region."
The 130,000 square foot Lodge, manufactured by ATCO Structures, includes a dining room, licensed lounge, games room, fitness centre, meeting rooms, television rooms, laundry facilities, and on-site parking with plug-ins. Every room features a 26-inch LCD TV/DVD system, high speed Internet, and individual environment controls. Companies operating in the area are encouraged to contact ATCO Frontec for availability. Additional information is available at www.creeburnlakelodge.com.
Chief Jim Boucher of the Fort McKay First Nation added: "This project has delivered numerous opportunities for our community. Creeburn Lake Lodge is yet another example of the progressive work we are doing as a First Nation. We look forward to partnering with ATCO Frontec on new projects in the near future."
The partnership continues to reflect ATCO Frontec's ability to work collaboratively with Aboriginal and First Nation groups to deliver business opportunities that result in long-term, mutually beneficial benefits and encourage capacity building in the communities where the company operates.
The Fort McKay First Nation is comprised of Cree and Dene people who have a strong historical attachment to the region and has established a wide range of oil industry-based companies that provide employment opportunities and revenue for the community. Visit www.fortmckay.com for more information.
ATCO Frontec, a subsidiary of Canadian Utilities Limited, part of the ATCO Group of companies, specializes in the rapid mobilization and delivery of site support and camp services to the resource, defence, transportation, and telecommunications sectors. More information about the company is available at www.atcofrontec.com.
ATCO Group, an Alberta-based worldwide organization of companies with assets of approximately $8.0 billion and more than 7,800 employees, is comprised of three main business divisions; Power Generation; Utilities (natural gas and electricity transmission and distribution) and Global Enterprises (industrial manufacturing, technology, logistics and energy services). More information about ATCO Ltd. can be found at www.atco.com.
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporations' expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
FOR FURTHER INFORMATION PLEASE CONTACT:
Fort McKay First Nation