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Fri, May 7, 2010

Seacliff Construction Announces New Leadership of Its Electrical Contracting Business


Published on 2010-05-07 05:11:29 - Market Wire
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2010) - Seacliff Construction Corp. (TSX:SDC) -

Attention Business/Financial Editors

Seacliff Construction Corp. ("Seacliff" or "The Corporation") today announced that Brad Armstrong is stepping down as President and CEO of Canem Systems Ltd., the Corporation's electrical and data communications contracting arm. Mr. Armstrong will be leaving Canem at the end of May to pursue personal interests but will continue to be available to the company in an advisory capacity. Al Miller, who has been with the company for 35 years and is currently Canem's Executive Vice-President, will be assuming the role of President effective immediately.

"Brad Armstrong has made a lasting contribution since joining Canem in 1998. As President, his leadership and strategic vision have helped make Canem Western Canada's leading electrical and data communications contractor," said Bill Crarer, Seacliff's CEO. "Brad leaves Canem in a strong position, well equipped to continue delivering excellent results while executing its growth strategy. Al Miller is ideally suited to assume the presidency of Canem having directed the company's Alberta operations, which contribute 70% of its revenues and profits, for the past five years. We are confident that under Al's leadership Canem will continue to advance Seacliff's strategic focus on growth and improved profitability."

About Seacliff Construction Corp.

Seacliff is one of the largest and most diversified construction companies in Western Canada. The corporation provides general contracting construction services, electrical contracting and earthmoving services to a wide array of clients in both the public and private sectors, with a majority of its business derived from institutional, commercial, civil and light industrial construction projects. Seacliff is headquartered in Vancouver, B.C. and operates 22 locations in British Columbia, Alberta, Saskatchewan and Manitoba, as well as two locations in Northwestern Ontario. Seacliff's business is conducted through three business units: Dominion Construction, a general contractor; Canem Systems, an electrical contractor and the Broda Construction Group, a Saskatchewan-based earthmoving and heavy civil construction contractor.

FORWARD-LOOKING STATEMENTS

This press release contains statements concerning Seacliff's services, use of funds, business plan, and objectives. Seacliff's Total Work on Hand, other expectations, plans, goals, objectives, assumptions, information or statements about future events or conditions that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things, the successful implementation of Seacliff's business plan, the availability to Seacliff of qualified personnel, the continuation and completion of the projects forming Seacliff's Total Work on Hand, and general economic, business and market conditions. Although Seacliff believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Seacliff can give no assurance that such expectations will prove to be correct. The forward-looking statements are based on Seacliff's current expectations, estimates and projections, and are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, among others, Seacliff's ability to be retained for existing and new project work by existing and new clients, Seacliff's ability to retain and hire the qualified personnel required, the delay or cancellation of projects forming Seacliff's Total Work on Hand, general economic, business and market conditions, and other risks as are detailed from time to time in continuous disclosure filings of Seacliff. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. These forward-looking statements are made as of the date of this press release, and Seacliff assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable laws.


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