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Press release from Marketwire

Armtec Infrastructure Inc.-Revised Lending Limits Under Existing Senior Credit Facilities

Saturday, July 16, 2011

Armtec Infrastructure Inc.-Revised Lending Limits Under Existing Senior Credit Facilities16:52 EDT Saturday, July 16, 2011GUELPH, ONTARIO--(Marketwire - July 16, 2011) - Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX:ARF)(TSX:ARF.DB) today announced that the lenders under its existing senior credit facility have agreed to the revised limits on the amounts to be drawn on the revolving portion of that facility. As previously announced on June 30, 2011, the lenders under the senior credit facility will determine the future amounts to be drawn by Armtec under the revolving portion of that credit facility. This determination will be made on a periodic basis going forward. To date these amounts have been sufficient to meet the Company's requirements.As previously announced on July 3, 2011, Armtec has entered into a committed financing with a Brookfield Asset Management Inc. company in connection with a $125 million credit facility and a warrant to acquire approximately 4.56 million common shares of Armtec. The first tranche of $90 million under the new credit facility will become available upon finalization of appropriate documentation, and the second tranche of $35 million will become available upon the satisfaction of certain additional due diligence conditions. The new credit facility will allow Armtec to repay in full the lenders under the existing senior facility (in either the third or fourth quarter of this year depending upon the availability of the second tranche).ABOUT ARMTEC INFRASTRUCTURE INC.Armtec is a leading manufacturer and marketer of a comprehensive range of infrastructure products and engineered construction solutions for customers in a diverse cross-section of industries that are located in every region of Canada, as well as in selected markets globally. These markets include Canada's national and regional public infrastructure markets and private sector markets in agricultural drainage, commercial building, residential construction and natural resources. Operating through its network of regional offices and production facilities across the country, Armtec's broad range of engineered solutions include products for drainage, bridge applications, soil retention, rehabilitation and water management systems including corrugated high-density polyethylene, corrugated steel and concrete pipe; an array of architectural and structural precast and pre-stressed concrete products from steps, paving stones, slabs and wall panels to highly engineered structural components designed and installed for projects such as bridges, sports venues and parking garages; and a full suite of noise barriers, acoustic enclosure and wall systems along with associated retaining wall and traffic barrier systems.FORWARD-LOOKING STATEMENTSThis news release contains "forward-looking" statements within the meaning of applicable securities legislation, including with respect to the determination of future amounts available to be drawn under the revolving credit facility, the sufficiency of the revolving credit facility to meet the Company's requirements, the availability of the first and second tranches of the new credit facility and the repayment of the existing senior facility, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, events, performance or achievements of Armtec or industry results, to be materially different from any future results, events, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements typically contain such words or phrases as "may", "outlook", "objective", "intend", "estimate", "anticipate", "should", "could", "would", "will", "expect", "believe", "plan" and other similar terminology suggesting future outcomes or events. Forward-looking statements reflect current expectations regarding future results, events, performance and achievements and are based on information currently available to Armtec's management, anticipated operating and financial results of Armtec, and current and anticipated market conditions.Forward-looking statements involve numerous assumptions and should not be read as guarantees of future results, events, performance or achievements. Such statements will not necessarily be accurate indications of whether or not such future results, events, performance or achievements will be achieved. You should not unduly rely on forward-looking statements as a number of factors, many of which are beyond the control of Armtec, could cause actual results, events, performance or achievements to differ materially from the results, events, performance or achievements discussed in the forward-looking statements, including, but not limited to the factors discussed in Armtec's materials filed with the Canadian securities regulatory authorities from time to time. Although the forward-looking statements contained in this news release are based upon what management of Armtec believes are reasonable assumptions, Armtec cannot assure investors that actual results, events, performance or achievements will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as of the date of this news release and, except as required by applicable law, Armtec assumes no obligation to update or revise them to reflect new events or circumstances.FOR FURTHER INFORMATION PLEASE CONTACT: Charles M. PhillipsArmtec Limited PartnershipPresident & Chief Executive Officer(519) 822-0210(519) 822-8894 (FAX)ORJames R. NewellArmtec Limited PartnershipChief Financial Officer(519) 822-0210(519) 822-8894 (FAX)ORCarrie BoutcherArmtec Limited PartnershipVice President, Investor Relations & Treasurer(519) 822-0210(519) 822-8894 (FAX)