Staff Housing Project, Ministry of Health, Ghana – Minaean Signs a Memorandum of Agreement with Dessau Inc. of Montreal, Canada
Vancouver, BC, Canada – July 23, 2012 – Minaean International Corp. (TSX-V: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”), a Canadian-based developer of alternative building technologies, using light-gauge steel, is pleased to announce that further to the allotment of two parcels of land by the Ministry of Health, Ghana, in November 2011 and completion of the Detail Project Study on the proposed project of construction of 665 units at Tema General Hospital, Minaean has signed a Memorandum of Agreement (MOA) with Montreal based engineering and construction group “DESSAU Inc.”.
Based on the acceptance of the concept design presented to Ministry of Health Ghana for construction of 665 units of staff housing in December 2011, Minaean started conducting a Detail Project Study (“DPR”) and the cost analysis of the entire project which has now been completed. As per the requirement of the management of Tema General Hospital the DPR was based on the construction of 4 storey apartment buildings and two storey duplex units to provide a comfortable living environment for Doctors, Executives, Nurses and other Health Care staff on the 26 acres of land provided at Tema. The MOA with Dessau is based on MIC providing the necessary support services on design & engineering and contract execution on a mutually profitable basis. The Memorandum of Agreement also provides for a similar understanding in execution of the staff housing contract for Korle-Bu Teaching Hospital which has submitted a request for construction of 2,550 units and other contracts to be negotiated in the future with the Ministry of Health.
Founded in 1957, Dessau is one of Canada’s largest engineering-construction companies. Active in both the Canadian and international markets, Dessau ranks 57th among the world’s top 150 engineering firms. Dessau has been recognized as one of “Canada’s 50 Best Managed Companies”. Dessau has acquired state-of-the-art expertise in a wide range of engineering and construction disciplines. With exceptional know-how, the firm’s experts plan, design, build and manage infrastructure for clients in both the public and private sectors. Apart from numerous achievement awards Dessau Inc. was awarded for its quality on a similar contract involving the construction of 1,800 units at Santo Domingo, Dominican Republic using a similar construction system proposed by Minaean to Ministry of Health, Ghana.
Dessau’s fields of activity and services are Project Management and Construction, Engineering: Buildings, Urban Development, Environment, Energy, Telecommunications and Security, Transportation, Urban Planning and Landscape Architecture, Geotechnical and Materials Engineering, Operations.
Minaean International Corp. manufactures rapid, efficient building systems using light-gauge steel. The Company operates through its two wholly owned subsidiaries, Minaean Habitat (India) Pvt. Ltd in India and Minaean Building Structures Inc. in North America.
The application of the modular building concept has been expanded to produce and install Bus Queue Shelters, ATM Modular Buildings, Modular Toilets and Public Washrooms, office blocks and bunkhouses for campsites. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas, in addition to a range of conventional applications.
Through its “Artisan Quik-Build” system, Minaean has conducted engineering and constructed buildings up to 7 stories high in Oregon, USA.
Shares of Minaean International Corporation are publicly traded on the TSX Venture Exchange under the symbol “MIB” and on the Berlin and Frankfurt Stock Exchanges under the symbol “NJA”. For more information, please visit www.minaean.com.
On behalf of the Board of Directors
MINAEAN INTERNATIONAL CORP.
“Mervyn Pinto ”
Mervyn Pinto, President & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.