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ASCC Construction (EVDR) Completed $25 Million Project in Punjab


News provided by

Evader, Inc.

May 23, 2011, 08:02 ET

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NEW DELHI, May 23, 2011 /PRNewswire/ -- Evader, Inc. (EVDR; www.evadercorp.com) subsidiary ASCC Construction, ASCC Construction (EVDR) Completed  USD $25 million Hydel Project In Punjab.

ASCC is happy to inform that it successfully completed prestigious Dam project and its appurtenant works in Punjab valuing at $25 million. This involves design / delivering /erecting radical gates, Hoist Bridge mounted on trestles and allied component.

The work is to provide an impounded reservoir for storing base flow of almost throughout the year. Work involved is 35 lacs cubic metre of earthwork, 50 thousand cubic meter of concrete, 20 thousand cubic meter of RR masonry including and 300 square meter of spill way gate 10,000 meter of 46mm hole drilled and grouted for making the spill way & dam structure.

Commenting on the development, Mr. Walia, CEO of EVDR and Managing Director of ASCC said, "Our company earlier also fully completed, in record time, part of prestigious Punjab Irrigation department project namely SYL Canal project  with a length of 121.064 KM and worth $ 200 million USD. ASCC successfully completed Construction of RCC Structure CC Lining, Super Passage, Earthwork , V.R. Bridges, draining system and  Exit Channel of SYL Canal Project."

ABOUT Punjab Irrigation Department: P.I.D. was set up in the year 1849 and has a number of milestones worth mentioning. Multipurpose projects like Bhakra Dam on river Sutlej, Pong Dam on river Beas, Beas Sullej Link Project and Ranjit Sagar Dam on river Ravi have been constructed in addition to construction of Nangal Hydel Channel, BhakraCanal System, Mukerian Hydel Channel, Shah Nehan arrage, Harike Barrage etc.

EVDR will keep shareholders updated on new developments in a timely manner.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Evader, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Evader, Inc. cautions you that any forward-looking information provided by or on behalf of Evader, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Evader, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Evader, Inc.'s control. In addition to those discussed in Evader, Inc.'s press releases, public filings, and statements by Evader, Inc.'s management, including, but not limited to, Evader, Inc.'s estimate of the sufficiency of its existing capital resources, Evader, Inc.'s ability to raise additional capital to fund future operations, Evader, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Evader, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Evader, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Evader, Inc.

Investor Relations
1-647-426-1640
www.minamargroup.net/helpdesk

Investor Relations Department Inquiries
www.minamargroup.net

For M&A and Corporate Matters
www.minamargroup.com

SOURCE Evader, Inc.

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