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BDI - Black Diamond News Story

C$3.96 0.1  2.6%

Last Trade - 05/05/21

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £131.7m
Enterprise Value £253.9m
Revenue £105.2m
Position in Universe 625th / 2705

Black Diamond Group Announces $15 Million Contract in eastern Canada

Tue 30th March, 2021 12:00pm
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CALGARY, Alberta, March 30, 2021 (GLOBE NEWSWIRE) -- Black Diamond Group
Limited (“Black Diamond", the "Company" or "we"), (TSX:BDI), a leading
provider of space rental and workforce accommodation solutions, today
announced that its Workforce Solutions segment has been awarded a contract
with approximate total value of $15 million over 31 months. The contract
includes the transportation, installation, and rental of workforce
accommodation assets that will house up to 610 workers in support of a mining
project in eastern Canada. Assets are expected to begin mobilizing early in
the second quarter of 2021 with rent beginning in Q3/2021.

“Our WFS segment has continued to focus on driving improved utilization,
unlocking the significant amount of operating leverage present in the
business, and diversifying by end market and geography. With this most recent
contract award, our WFS segment has signed contracts totaling over $50 million
since the start of 2021 and will have over 2,000 rooms on rent in eastern
Canada in the second half of the year,” said Trevor Haynes, CEO of Black
Diamond.

About Black Diamond Group
Black Diamond is a specialty rentals and industrial services Company with two
operating business units - Modular Space Solutions (MSS) and Workforce
Solutions (WFS). We operate in Canada, the United States, and Australia. MSS
through its principal brands, BOXX Modular, Britco, Vanguard, Schiavi, and
MPA, owns a large rental fleet of modular buildings of various types and
sizes. Its network of local branches rent, sell, service, and provide
ancillary products and services to a diverse customer base in the
construction, industrial, education, financial, and government sectors. WFS
through its principal brands, Black Diamond Camps and Black Diamond Energy
Services, owns a large rental fleet of modular accommodation assets of all
types and sizes and a fleet of liquid and solid containment assets. Its
regional operating terminals rent, sell, service, and provide ancillary
products and services including turn-key operated camps to a wide array of
customers in the resource, infrastructure, construction, disaster recovery,
and education sectors. The WFS business unit also includes the Company’s
wholly owned subsidiary, LodgeLink, which operates a digital marketplace for
business-to-business crew accommodation, travel, and logistics in North
America.

Learn more at www.blackdiamondgroup.com.

Investor and Media Inquiries
Jason Zhang at 403-206-4739 or investor@blackdiamondgroup.com

To sign up for news alerts please go
to https://www.blackdiamondgroup.com/investor-centre/news-alerts-subscription/.

Cautionary Note Regarding Forward-Looking Statements 
Certain information set forth in this news release contains forward-looking
statements. Although Black Diamond believes that the expectations reflected in
the forward-looking statements contained in this news release, and the
assumptions on which such forward-looking statements are made are reasonable,
there can be no assurances that such expectations or assumptions will prove to
be correct. Readers are cautioned that assumptions used in the preparation of
such statements may prove to be incorrect. Events or circumstances may cause
actual results to differ materially from those predicted, as a result of
numerous known and unknown risks, uncertainties and other factors, many of
which are beyond the control of Black Diamond. These risks include, but are
not limited to: the impact of general economic conditions, industry
conditions, fluctuation of commodity prices, the impact of the COVID-19
pandemic, the Company's ability to attract new customers, failure of
counterparties to perform on contracts, industry competition, availability of
qualified personnel and management, timely and cost effective access to
sufficient capital from internal and external sources, political conditions,
dependence on suppliers and stock market volatility. The risks outlined above
should not be construed as exhaustive. Additional information on these and
other factors that could affect Black Diamond's operations and financial
results are included in Black Diamond's annual information form for the year
ended December 31, 2020   and other reports on file with the Canadian
Securities Regulatory Authorities which can be accessed on SEDAR. Readers are
cautioned not to place undue reliance on these forward-looking statements.
Furthermore, the forward-looking statements contained in this news release are
made as at the date of this news release and Black Diamond does not undertake
any obligation to update or revise any of the forward-looking statements,
except as may be required by applicable securities laws.


(https://www.globenewswire.com/NewsRoom/AttachmentNg/659a5e3f-2817-453a-a50e-9b13d6d1bfdc)



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