Minaean International Corp.
Minaean International Corp.:Minaean Awarded with Contract to Construct Condominium Project in Oregon, USA
Minaean International Corp. / Contract Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- FOR IMMEDIATE RELEASE (No.2007-04-10) Contact: Investor Relations Phone (604) 684-2181 investors@minaean.com MINAEAN AWARDED WITH CONTRACT TO CONSTRUCT CONDOMINIUM PROJECT IN OREGON, USA Vancouver, BC, Canada – April 12, 2007 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA), the Canadian-based developer of alternative building technologies using light-gauge steel ('LGS'), is pleased to announce that it has been awarded through its wholly owned subsidiary, Minaean Power Structures Inc. ('MPSI'), with a contract to produce, supply and install load bearing walls and floor systems towards construction of a condominium project in Oregon, USA. The contract calls for the construction of the super structure of a four story complex called 'SUNROSE CONDOMINIUM' . The construction of approximately 41,850 sq. ft. in built up area will be carried out using the Artisan Quik-Build structural building package - a factory panelized steel stud framing system combined with 'Hambro' composite floor system. The General Contractor for this prestigious project is Portland’s well known Gray Purcell & Co. Utilizing steel framing construction systems tend to allow general contractors to complete the projects in a shorter time period and to attract a premium on the product delivered. The project is valued at CAD $ 800,000. The engineering of the project has been completed by MPSI and the drawings have been submitted to the city for the issue of a permit. It is anticipated that the permit will be issued by May 2007 and the foundation work would start immediately thereafter. Minaean is in the final stages of engineering another project called '38th and Belmont' and anticipates a contract in this regard to be awarded shortly. This is in addition to a project called 'Clinton Condominiums', a 48,800 sq ft. residential project completed in March, 2007 and 'West Town on 8th' a 87,780 sq ft. 6 story building project due to commence in May 2007. Successful completion of initial projects by MPSI is anticipated to bring in further orders for more steel construction projects using the Artisan Quick-Build system. About Minaean Minaean International Corp. of Vancouver, British Columbia, manufactures rapid, efficient building systems using light-gauge steel. Minaean's Vesta Quik-BuildTM, Artisan Quik-BuildTM construction kits are available for houses and buildings of up to four stories. The newly launched Modular Buildings designed, engineered and prefabricated in the factory environment, capable of being assembled and delivered within 7 days are an addition to company’s innovative construction technologies. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas, in addition to a range of conventional applications. The shares of Minaean International Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol 'MIB' and on the Berlin and Frankfurt Stock Exchanges under the symbol 'NJA'. For more information, please visit www.minaean.com. Contact Information: Mervyn Pinto , President & Director Tel: 604.684-2181 mpinto@minaean.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release. DGAP 12.04.2007 ----------------------------------------------------------------------
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