Minaean International Corp. Announces Further Project in Northern IndiaApril 13, 2005 -- Minaean International Corp. (TSX VE: MIB) is pleased to announce that it has been awarded, through its joint venture subsidiary, Minaean Vanitech Engineers, in New Delhi, India, a follow-on contract for the third phase of construction for Baba Ghulam Shah Badshah University at Rajouri, in the Northern Indian State of Jammu and Kashmir.
The third phase of construction for this project consists of 9,844 sq. feet of floor area with an approximate value of Cdn. $158,000. With the addition of this phase, the total floor area to be built by Minaean has increased to 39,899 sq. feet with an approximate value of Cdn. $640,000.
The award of the initial contract and subsequent addition has generated the interest of another university in the region and negotiations are underway for the award of a 15,000 sq. feet extension project. “With Minaean’s light gauge steel panel and framing system being highly adaptable to the hilly regions due to its versatility and light weight, the demand for our product is anticipated to rise in all the North Indian states,” says Chairman Mr. Hari Varshney.
About Minaean
Minaean manufactures rapid, efficient building systems using light-gauge steel. Minaean's Vesta Quik-BuildTM and Artisan Quik-BuildTM construction kits are available for houses and buildings of up to four stories. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas. The shares of Minaean International Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "MIB" and the Berlin and Frankfurt Stock Exchanges under the symbol "NJA".
For more information, please visit www.minaean.com.
Contact Information:
Peeyush Varshney, Director
Minaean International Corp.
Tel: 604.684-2181
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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.
Contact:
Investor Relations
Phone (604) 684-2181
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