News Releases

CALGARY, July 13 /CNW/ - (TSX: CUQ) - The Churchill Corporation ("Churchill") today announced the executive team that will lead the combined company after closing the acquisition of Seacliff Construction Corp.

Churchill's executive team will consist of a Corporate Centre and five operating company Presidents reporting to Jim Houck, President and Chief Executive Officer. The Corporate Centre consists of (1) the Office of the CEO: Don Pearson, President & COO, Stuart Olson Dominion Construction Ltd; Daryl Sands, Executive Vice President Finance & CFO; and Jim Houck; and (2) Corporate Executives: Greg Phaneuf, Vice President Corporate Development; Andrew Apedoe, Vice President Investor Relations & Secretary; and Joette Decore, Vice President Human Resources & Strategic Planning.

The operating company Presidents are:

    <<
    -  Don Pearson, President & COO, Stuart Olson Dominion Construction Ltd.
    -  Al Miller, President, Canem Systems Ltd.
    -  Gord Broda, President, Broda Group of Companies
    -  David LeMay, President, Laird Electric Inc.
    -  Ron Martineau, President, Insulation Holdings Inc.
    >>

"We have very successful operating companies which will continue to operate independently; but where possible, particularly in the industrial market, we will look for synergies and opportunities to provide bundled services to clients. The one business where there was overlap and for which we have been engaged in significant integration planning is Stuart Olson Construction and Dominion Construction, and I am pleased to announce the leadership team within this business unit as well," said Jim Houck, President and CEO, Churchill.

The leadership team for the building construction segment will be lead by Don Pearson who was previously the President and Chief Operating Officer for Stuart Olson Construction. We are pleased to announce that Stuart Olson Construction and Dominion Construction have amalgamated their strengths of - people, expertise and quality - to become Stuart Olson Dominion Construction Ltd., representing the history and aligned values which will result in progress in the marketplace. Reporting to Don Pearson will be a Corporate team and an operations team. The Corporate team consists of Doug Harrison, Executive Vice President; Michael Howden, Vice President Finance; Ivan Krissa, Vice President Construction Management; Seamus McDonnell, Vice President Pre-Construction; and Paul Polson, Vice President Business Development.

The operations team consists of:

    <<
    -  Arthur Atkinson, Vice President British Columbia. Mr Atkinson was
       previously the district manager for the same region with Stuart Olson;
    -  Brian Barber, Vice President Saskatchewan. Mr. Barber was previously a
       Vice President with Dominion for the same region;
    -  Wade Benjaminson, Vice President Manitoba. Mr. Benjaminson was
       previously a Vice President with Dominion for the same region;
    -  Joe Blondeel, Vice President Southern Alberta. Mr. Blondeel was
       previously a Vice President with Dominion for the same region; and
    -  Maurizio Capano, Vice President Northern Alberta. Mr. Capano
       previously was the district manager for the same region with Stuart
       Olson.
    >>

"Having strong leadership with deep experience is critical to realizing the synergies from this acquisition," said Jim Houck. "Our goal is to create the best organization to build Canada's most admired construction and industrial services company. The experience and expertise of this leadership team combined with the talents of all our employees and field staff will result in achieving our goals."

About The Churchill Corporation:

The Churchill Corporation provides building construction, commercial and industrial electrical contracting, heavy construction and industrial insulation services to an array of public and private sector clients. Churchill operates 39 locations in British Columbia, Alberta, Saskatchewan and Manitoba. Churchill's common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".

FORWARD LOOKING STATEMENTS

Certain statements in this Press Release may constitute "forward-looking statements". Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, objectives, projections, estimates, expectations or predictions of the future. Many of these statements can be identified by looking for words such as "believes," "expects," "may," "will," "intends," "anticipates," "estimates," "continues," or the negative thereof, or other variations thereon. Although management of Churchill believes its expectations regarding these statements are based on reasonable assumptions and currently available information, it can give no assurance its expectations will be achieved. The Corporation cautions that, by their nature, forward-looking statements, involve risks, and uncertainties and that its actual actions, and/or results could differ materially from those expressed or implied in such forward-looking statements, and that the aforementioned risks, uncertainties and actions could affect the extent to which a particular projection materializes. The Corporation assumes no obligation to update the forward-looking statements should circumstances or the Corporation's management's estimates or opinions change, except as may be required by law.

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