News Column

Empire Industries Announces Increased Banking Facility

June 2, 2014



WINNIPEG, MANITOBA--(Marketwired - June 2, 2014) - Empire Industries Ltd. (TSX VENTURE:EIL) today announced that it has obtained a $5 million increase to its operating line with CIBC, bringing its operating line to $15 million and its total banking facility with CIBC to $18.5 million.

"This increase in our operating line gives us additional liquidity to effectively manage our increased contract backlog," said Michael Martin, Chief Financial Officer of Empire.

About Empire Industries Ltd.

Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company has developed, designed and engineered products for the rapidly growing, global, media based attractions market. The company also provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company also has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire's common shares are listed on the TSX Venture Exchange under the symbol EIL.

Reader Advisory

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT: Empire Industries Ltd.Guy Nelson Chief Executive Officer (416) 366-7977 gnelson@empind.comEmpire Industries Ltd.Allan Francis Vice President - Corporate Affairs and Administration (204) 589-9301 afrancis@empind.comwww.empind.com Source: Empire Industries Ltd.


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Source: Marketwire (Canada)


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