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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (10894)	5/26/1998 11:26:00 AM
From: SofaSpud	Respond to of 15196

SERVICE SECTOR / DC Corrosion Sable Island Contract SABLE ISLAND CONTRACTS WORTH $2.4 MILLION TO D.C. CORROSION EDMONTON, May 26 /CNW/ - Neil Magrath, President of D.C. Corrosion Corporation is pleased to announce the company has been awarded the second stage of a contract (Sable/Brown & Root, Houston, Texas) for sub-sea pipeline sacrificial anodes for the Canadian Sable Offshore Energy Project. The project is located in Atlantic Canada (Nova Scotia) just off the shore of Sable Island. The $1.7 million second stage brings the total Sable contract amounts to over $2.4 Million. Neil Magrath, President of D.C. Corrosion Corporation states ''The awarding to D.C. of this contract, confirms that we can compete internationally. Our growth results from our strategy to expand our range of products, services and technologies to open new markets with new and existing customers. D.C. Corrosion has shown consistent positive growth since going public less than three years ago. Efforts by management and loyal staff are beginning to show now, with 97/98 first half revenues exceeding our revenues of the previous fiscal year. Earnings per share for the first half of this year were $0.04, up from $0.005 for the same period in 96/97. We will continue to invest in new products, technologies and expertise to build for further growth.'' D.C. Corrosion Corporation, one of Canada's largest corrosion prevention companies, specializes in the prevention of environmental corrosion through the use of cathodic protection. The company provides corrosion consulting services, cathodic protection systems, materials, technologies and equipment to both private and public sectors. The Alberta Stock Exchange has neither approved or disapproved the information contained herein. -30- For further information: Patrick Starr, Investor Relations, (403) 423-0199, T/F: (888) 423-0199, Fax: (403) 423-0346, E-mail: quickcal@planet.eon.net