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CEMATRIX Corporation Announces New Contracts

CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV:CVX) (the “Corporation” or “CEMATRIX”) announces that its wholly owned operating subsidiary, CEMATRIX (Canada) Inc. has secured $1.4 million in new infrastructure contracts. These new contracts increase this year’s contracted sales to $6.2 million. Total contracts and verbally awarded projects now exceeds $11.5 million for 2018.

“We are now seeing previously verbally awarded projects becoming fully contracted, which is in line with our expectations” stated Jeff Kendrick, CEMATRIX President and CEO. “Since breakeven for the Company is approximately $11 million annually, the Company is poised for a return to profitability in 2018. This does not include the proposed acquisition of Chicago based MixOnSite USA Inc. (MOS) as announced on February 26, 2018. Combined CEMATRIX and MOS contracted and verbally awarded projects are now in excess of $26 million for the year ended December 31, 2018 and expected to continue to grow.”

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement-based material with superior thermal protection, delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

Neither 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:

Jeff Kendrick - President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com 

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated November 16, 2017 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

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