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EMPIRE INDUSTRIES LTD. AND ATHABASCA CHIPEWYAN FIRST NATION ANNOUNCE - PDF by pdy11077

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									 ACFN HOLDING CORPORATION

       EMPIRE INDUSTRIES LTD. AND ATHABASCA CHIPEWYAN FIRST NATION
         ANNOUNCE LETTER OF INTENT TO FORM A PARTNERSHIP IN THE
                          FORT MCMURRAY REGION

Fort McMurray, Alberta, July 21, 2008 – The Athabasca Chipewyan First Nation Holding Corporation
(“ACFN”) and Empire Industries Ltd. (TSX-V: EIL) (“Empire”) jointly announced that they have signed a letter of
intent to become partners in the ownership of Sorge’s Welding Ltd. (“Sorge’s Welding”). The new partnership is
being created as a result of ACFN purchasing the controlling ownership of Sorge’s Welding from Janet Sorge.
Empire will retain its 49% minority interest in Sorge’s Welding, which it purchased December 31, 2006.

Building on its extensive business interests in north eastern Alberta, ACFN made a strategic decision to broaden
its business activities to include steel fabrication, piping, field construction and maintenance services for the
burgeoning oil sands market in north eastern Alberta and they have chosen to do this in partnership with Empire
Industries as co-owners of Sorge’s Welding. The new partnership is scheduled to close in August.

"ACFN wants to help Sorge’s Welding succeed in performing a reasonable amount of the estimated four million
man-hours of outsourced welding and maintenance services in the region,” stated Chief Allan Adam. “We also
want Sorge’s Welding to aggressively pursue the steel fabrication and installation services portion of the more
than $100 billion of oil sands capital projects as a local, aboriginal controlled contractor. We see this investment
as one of the best ways to have our First Nation Band’s youth have a clear path towards new challenging careers
in the skilled trades, construction and maintenance management and even engineering.”

Janet Sorge stated, “Richard and I have built an excellent Aboriginal controlled company over the past 20 years
but we both knew we had to ensure that what we built could continue to grow and capitalize on the tremendous
construction and maintenance opportunities in the Fort McMurray region of Alberta. Having my First Nation Band
buy our controlling interest in Sorge’s Welding was the best way to accomplish this goal.” Richard Sorge added:
“I am fully committed to staying on as CEO of Sorge’s Welding to ensure a smooth transition of ownership and
help the company take its place as a leader amongst Aboriginal controlled businesses in the Ft. McMurray region.
This is not my retirement announcement. Rather, it is a move that demonstrates our personal commitment to
increasing the benefits to the Aboriginal community arising from the massive, oil sands development plans as well
as expanding the effectiveness of our company’s strong apprenticeship programs we’ve put in place over the
years.”

Guy Nelson, CEO of Empire Industries Ltd., commented: “This innovative partnership has been created
specifically to allow the oil sands industry to avail themselves of a globally competitive, Aboriginal controlled
partnership focused on steel fabrication, construction and maintenance services. With Empire’s numerous plants
in Alberta, Manitoba and B.C., we are well positioned to support the Sorge’s Welding field construction and
maintenance services team, creating even more opportunities for us to employ both skilled and apprentice trades
people from the First Nations in the Ft. McMurray area and across the country.”

About Sorge’s Welding Ltd.

Sorge's Welding Ltd. was founded in 1989 as an Aboriginal controlled, certified steel fabricator and field
installation contractor based in the Fort McMurray region of North Eastern Alberta. Empire Industries Ltd. became
a minority partner of Sorge’s Welding Ltd. at the end of 2006. The partnership brings expanded capabilities and
depth of product and capacity to Sorge’s Welding Ltd. Business operational principles for all work performed by
Sorge’s Welding are; safety, reliability, quality and unparalleled service.
 ACFN HOLDING CORPORATION

About Athabasca Chipewyan First Nation.

The ACFN reserve lands are located on the southwest shore of Lake Athabasca. The First Nation offices are
located in Ft. Chipewyan, Alberta approximately 200 aerial miles from Ft. McMurray, Alberta. Ft. Chipewyan is
Alberta’s oldest continuous European settlement dating back to 1788 when the North West Company established
an outpost there. The ACFN Holding Corporation owns controlling interests in a number of businesses including;
Denesoline Environment, Tech Sonic Services, Chip Manufacturing, Dene West and Poplar Point Camp Services,
and AC&T Civil Contractors .

About Empire Industries Ltd.

Empire Industries Ltd. is a leading, Western Canadian steel fabricator and engineered products manufacturer.
Empire’s mission is to increase shareholder value by adding value to steel through a combination of organic
growth and strategic acquisitions. Since becoming a public entity, Empire has expanded its fabrication space to
more than 400,000 square feet and grown its workforce to more than 800 skilled tradespersons and technical
personnel. The Company owns several steel fabrication shops and manufacturing facilities, each with
longstanding track records of success, and is uniquely positioned to capitalize on the burgeoning infrastructure,
commercial and industrial construction marketplace of Western Canada. Empire’s common shares are listed on
the TSX Venture Exchange under the symbol EIL.

For more information, please visit Empire’s web-site at: www.empind.com or the Sorge’s Welding website at
www.sorgeswelding.com or contact:

Guy Nelson                           Graeme Ramsay                             Richard Sorge
Chairman & CEO                       CEO                                       CEO
Empire Industries Ltd.               ACFN Business Group                       Sorge’s Welding Ltd.
Phone: (416) 366-7977                Phone: (780) 598-4567                     Phone: (780) 743-9739
Email: gnelson@empind.com            Email: graeme.ramsay@acfngofc.ca          Email: rsorge@sorgeswelding.com

Forward-looking statements

This press 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. In the current press release, there is the additional risk that the letter of
intent does not consummate as a transaction.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
release.

								
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