"We continue to see the business drivers of matting adoption continue for environmental stewardship best practice, elevated standards for worker safety, project efficiency and overall growth in large-scale infrastructure projects across
Currently, Strad's matting business is working on three meaningfully sized projects in
ABOUT STRAD
Strad specializes in industrial matting and equipment rentals for projects of any size, from a network of branches across
Strad is headquartered in
Forward Looking Information, Statements and Advisories
The Company anticipates remaining disciplined with its budgeted 2020 capital program as it monitors business conditions throughout the balance of the fiscal year. Where deemed prudent, the Company may make adjustments to its 2020 capital program. Actual spending may vary due to a variety of factors including, without limitation, economic conditions, prevailing debt and/or equity markets, field activity and the impact of any future strategic transactions. The Company has flexibility to adjust the level of its capital investments as circumstances warrant.
This news release contains certain forward looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "estimate", "may", "will", "project", "should", "believe", "plan", "intends", "forecast" and similar expressions are intended to identify forward looking information or statements. In particular, but without limiting the foregoing, this news release contains forward looking information and statements pertaining to the following: Strad's currently planned 2020 capital program, including the planned expansion of the Company's matting fleet; methods of funding and financial capacity required to carry out the Company's capital program; the anticipated growth in the Company's industrial matting division and the Company's ability to capitalize on opportunities within the current marketplace. Forward looking information or statements are based on a number of expectations or assumptions of Strad which have been used to develop such information or statements, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward looking information or statements are reasonable, undue reliance should not be placed on forward looking information or statements because the Company can give no assurance that such expectations or assumptions will prove to be correct. The forward looking information and statements contained in this news release speak only as of the date hereof and Strad does not assume any obligation to publicly update or revise any of the included forward looking information or statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
SOURCE
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