


AJAX, ONTARIO -- (Marketwire) -- 08/10/10 -- Automodular Corporation ("Automodular" or "the Company") (TSX: AM) reports strong operating results driven by increased production volumes in our remaining Oakville and Oshawa-area operations in the second quarter of 2010 and for the six months ended June 30, 2010 when compared to the same periods in 2009. In comparison, the second quarter of 2009 included a total of eight weeks of unscheduled downtime as our customers sought to rebalance inventory levels against the backdrop of substantially reduced vehicle demand. The second quarter of 2009 also included revenues of $4.4 million relating to an early termination fee from GM in respect of Automodular's Oshawa-area truck contracts. There were no similar amounts included in revenues in the current year.
Reported net earnings in the quarter ended June 30, 2010 was reduced by a charge of $5.6 million in respect of the recognition of the cumulative translation loss relating to Automodular's US-based operations following the shutdown of operations in our last remaining US facility in Ohio. The recognition of this amount reallocates amounts within different categories of shareholders' equity and has no impact on the consolidated balance sheet or cash position of the Company. As a result of this charge, Automodular reports a net loss of $(2.5) million or $(0.10) per share for the six-months ended June 30, 2010 compared to net earnings of $1.6 million or $0.06 per share in the same period in 2009. Net loss for the quarter ended June 30, 2010 was $(2.3) million or $(0.09) per share compared to net earnings of $2.6 million or $0.10 per share in the same period in 2009.
The results for the first half of the year are summarized below (all figures
in '000s except per share):
Three months ended June 30 Six months ended June 30
-------------------------- ------------------------
2010 2009 2010 2009
------------- ------------ ------------ -----------
$ $ $ $
Sales 25,540 24,103 50,341 37,345
Net earnings (loss) (2,324) 2,576 (2,526) 1,604
Earnings per share(i) (0.09) 0.10 (0.10) 0.06
Shares outstanding(i) 25,412 25,412 25,412 25,412
(i)(basic and fully diluted)
During the second quarter of 2010, Automodular announced a Substantial Issuer Bid pursuant to which the Corporation offered to repurchase for cancellation up to $5 million in value of its outstanding common shares from shareholders. The offer closed subsequent to quarter end. A total of 5,555,554 shares will be taken up as a result of the offer.
In Oshawa, Automodular's efforts are focused on managing the termination of our GM contracts and the transition of the business including our workforce to one of our competitors. In Oakville, the new 2011 model year for the Ford Edge program launched in July, 2010. The model year changes are expected to be well received.
Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to two Original Equipment Manufacturer plants in Ontario. The Company has three operating facilities and employs approximately 600 people.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Specific forward-looking statements in the document include those relating to the termination of our GM contracts and expected closure of our Oshawa-area facility and transition of business to a competitor, as well as the expected impact of the 2011 Ford Edge model year change on vehicle demand. Among the important factors that could cause actual results to differ materially from those indicated above are market and general economic conditions and the risk factors detailed from time to time in the Company's periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. Readers are cautioned not to rely on forward-looking statements. Except as required under continuous disclosure obligations, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. As of the fourth quarter of 2008, Automodular no longer provides a financial outlook.
Contacts:
Automodular Corporation
Christopher Nutt
Vice President, Finance
(905) 619-4202
invest@automodular.com


This season, Barber Jackets will be one of the most popular additions to the wardrobes of the most fashionable people around today. They have already been an admired feature on catwalks throughout the world, whether London, Paris, or New York, are Quilted Barbour Jackets this year's biggest fashion statement. Trendy, stylish, and sophisticated, anyone with even a passing interest in fashion would have heard of this manufacturer of outdoor jackets. To own a Barbour Quilted Jacket is to make a statement to the world: ‘I love fashion, and I know what's hot and what's not'. To wear Barbour Jacket is to imbue you with a feeling of royalty, of an impression of regal greatness; indeed, these Barbour International Jackets truly reflect a high-status in society.To be sure, the Barbour Jackets Women is an expensive way of ensuring you remain fashionable for another season. Nonetheless, the price is a reflection on quality and style, no other manufacturer of clothing has managed to convey the same messages that Cheap Barbour Sale has. The advantages of owning such a prestigious item of Barbour sale clothing far outweigh the expense of doing so.
Because of the natural classic look these Women Barbour Jackets , Barbour Jackets mens ,Childrens Barbour Jackets suggest about the wearer, they are clearly appropriate for many occasions. Whether you wear yours to the pub, or to the wedding of your closest friend, you can be sure that you will not look out of place. Moreover, these Barbour Ladies Jackets are suitable across the seasons, in winter, they Quilted Jacket keep the wearer wonderfully warm, in summer, they keep of the drizzle, a staple favourite of weather systems throughout the UK! Their specialist materials are much like silk in the qualities they provide, providing warmth during a cold spell, but equally, managing to keep you cool during a warm spell – this is no surprise, many ‘country' style devices provide these qualities, just think about the thatched house; cool in summer, warm in winter,that is Barbour Jackets sale.
Aside from the provision of all things practical – their weather proofing, their warmth and cooling properties depending on the season, the depth of their pockets, their protection from rain, etc – Barbour jackets are also a fantastic fashion accessory. The image they invoke is one of class and sophistication, and by wearing such an item, you will reflect the same sentiment. This season, they are particularly fashionable – given the townie/country look that touted by the fashionista throughout the world at present. Wear with a pair of chinos, or skinny jeans, and perhaps a lumberjack shirt and narrow tie, and you will ‘hit the hammer on the head' by way of fashion this season.
In terms of style and comfort, therefore, there is no better jacket than Barbour jacket, made from the finest quality and in the most fashionable designs; you cannot go wrong when purchasing Barbour jackets.

This season, Barber Jackets will be one of the most popular additions to the wardrobes of the most fashionable people around today. They have already been an admired feature on catwalks throughout the world, whether London, Paris, or New York, are Quilted Barbour Jackets this year's biggest fashion statement. Trendy, stylish, and sophisticated, anyone with even a passing interest in fashion would have heard of this manufacturer of outdoor jackets. To own a Barbour Quilted Jacket is to make a statement to the world: ‘I love fashion, and I know what's hot and what's not'. To wear Barbour Jacket is to imbue you with a feeling of royalty, of an impression of regal greatness; indeed, these Barbour International Jackets truly reflect a high-status in society.To be sure, the Barbour Jackets Women is an expensive way of ensuring you remain fashionable for another season. Nonetheless, the price is a reflection on quality and style, no other manufacturer of clothing has managed to convey the same messages that Cheap Barbour Sale has. The advantages of owning such a prestigious item of Barbour sale clothing far outweigh the expense of doing so.
Because of the natural classic look these Women Barbour Jackets , Barbour Jackets mens ,Childrens Barbour Jackets suggest about the wearer, they are clearly appropriate for many occasions. Whether you wear yours to the pub, or to the wedding of your closest friend, you can be sure that you will not look out of place. Moreover, these Barbour Ladies Jackets are suitable across the seasons, in winter, they Quilted Jacket keep the wearer wonderfully warm, in summer, they keep of the drizzle, a staple favourite of weather systems throughout the UK! Their specialist materials are much like silk in the qualities they provide, providing warmth during a cold spell, but equally, managing to keep you cool during a warm spell – this is no surprise, many ‘country' style devices provide these qualities, just think about the thatched house; cool in summer, warm in winter,that is Barbour Jackets sale.
Aside from the provision of all things practical – their weather proofing, their warmth and cooling properties depending on the season, the depth of their pockets, their protection from rain, etc – Barbour jackets are also a fantastic fashion accessory. The image they invoke is one of class and sophistication, and by wearing such an item, you will reflect the same sentiment. This season, they are particularly fashionable – given the townie/country look that touted by the fashionista throughout the world at present. Wear with a pair of chinos, or skinny jeans, and perhaps a lumberjack shirt and narrow tie, and you will ‘hit the hammer on the head' by way of fashion this season.
In terms of style and comfort, therefore, there is no better jacket than Barbour jacket, made from the finest quality and in the most fashionable designs; you cannot go wrong when purchasing Barbour jackets.

This season, Barber Jackets will be one of the most popular additions to the wardrobes of the most fashionable people around today. They have already been an admired feature on catwalks throughout the world, whether London, Paris, or New York, are Quilted Barbour Jackets this year's biggest fashion statement. Trendy, stylish, and sophisticated, anyone with even a passing interest in fashion would have heard of this manufacturer of outdoor jackets. To own a Barbour Quilted Jacket is to make a statement to the world: ‘I love fashion, and I know what's hot and what's not'. To wear Barbour Jacket is to imbue you with a feeling of royalty, of an impression of regal greatness; indeed, these Barbour International Jackets truly reflect a high-status in society.To be sure, the Barbour Jackets Women is an expensive way of ensuring you remain fashionable for another season. Nonetheless, the price is a reflection on quality and style, no other manufacturer of clothing has managed to convey the same messages that Cheap Barbour Sale has. The advantages of owning such a prestigious item of Barbour sale clothing far outweigh the expense of doing so.
Because of the natural classic look these Women Barbour Jackets , Barbour Jackets mens ,Childrens Barbour Jackets suggest about the wearer, they are clearly appropriate for many occasions. Whether you wear yours to the pub, or to the wedding of your closest friend, you can be sure that you will not look out of place. Moreover, these Barbour Ladies Jackets are suitable across the seasons, in winter, they Quilted Jacket keep the wearer wonderfully warm, in summer, they keep of the drizzle, a staple favourite of weather systems throughout the UK! Their specialist materials are much like silk in the qualities they provide, providing warmth during a cold spell, but equally, managing to keep you cool during a warm spell – this is no surprise, many ‘country' style devices provide these qualities, just think about the thatched house; cool in summer, warm in winter,that is Barbour Jackets sale.
Aside from the provision of all things practical – their weather proofing, their warmth and cooling properties depending on the season, the depth of their pockets, their protection from rain, etc – Barbour jackets are also a fantastic fashion accessory. The image they invoke is one of class and sophistication, and by wearing such an item, you will reflect the same sentiment. This season, they are particularly fashionable – given the townie/country look that touted by the fashionista throughout the world at present. Wear with a pair of chinos, or skinny jeans, and perhaps a lumberjack shirt and narrow tie, and you will ‘hit the hammer on the head' by way of fashion this season.
In terms of style and comfort, therefore, there is no better jacket than Barbour jacket, made from the finest quality and in the most fashionable designs; you cannot go wrong when purchasing Barbour jackets.

This season, Barber Jackets will be one of the most popular additions to the wardrobes of the most fashionable people around today. They have already been an admired feature on catwalks throughout the world, whether London, Paris, or New York, are Quilted Barbour Jackets this year's biggest fashion statement. Trendy, stylish, and sophisticated, anyone with even a passing interest in fashion would have heard of this manufacturer of outdoor jackets. To own a Barbour Quilted Jacket is to make a statement to the world: ‘I love fashion, and I know what's hot and what's not'. To wear Barbour Jacket is to imbue you with a feeling of royalty, of an impression of regal greatness; indeed, these Barbour International Jackets truly reflect a high-status in society.To be sure, the Barbour Jackets Women is an expensive way of ensuring you remain fashionable for another season. Nonetheless, the price is a reflection on quality and style, no other manufacturer of clothing has managed to convey the same messages that Cheap Barbour Sale has. The advantages of owning such a prestigious item of Barbour sale clothing far outweigh the expense of doing so.
Because of the natural classic look these Women Barbour Jackets , Barbour Jackets mens ,Childrens Barbour Jackets suggest about the wearer, they are clearly appropriate for many occasions. Whether you wear yours to the pub, or to the wedding of your closest friend, you can be sure that you will not look out of place. Moreover, these Barbour Ladies Jackets are suitable across the seasons, in winter, they Quilted Jacket keep the wearer wonderfully warm, in summer, they keep of the drizzle, a staple favourite of weather systems throughout the UK! Their specialist materials are much like silk in the qualities they provide, providing warmth during a cold spell, but equally, managing to keep you cool during a warm spell – this is no surprise, many ‘country' style devices provide these qualities, just think about the thatched house; cool in summer, warm in winter,that is Barbour Jackets sale.
Aside from the provision of all things practical – their weather proofing, their warmth and cooling properties depending on the season, the depth of their pockets, their protection from rain, etc – Barbour jackets are also a fantastic fashion accessory. The image they invoke is one of class and sophistication, and by wearing such an item, you will reflect the same sentiment. This season, they are particularly fashionable – given the townie/country look that touted by the fashionista throughout the world at present. Wear with a pair of chinos, or skinny jeans, and perhaps a lumberjack shirt and narrow tie, and you will ‘hit the hammer on the head' by way of fashion this season.
In terms of style and comfort, therefore, there is no better jacket than Barbour jacket, made from the finest quality and in the most fashionable designs; you cannot go wrong when purchasing Barbour jackets.

This season, Barber Jackets will be one of the most popular additions to the wardrobes of the most fashionable people around today. They have already been an admired feature on catwalks throughout the world, whether London, Paris, or New York, are Quilted Barbour Jackets this year's biggest fashion statement. Trendy, stylish, and sophisticated, anyone with even a passing interest in fashion would have heard of this manufacturer of outdoor jackets. To own a Barbour Quilted Jacket is to make a statement to the world: ‘I love fashion, and I know what's hot and what's not'. To wear Barbour Jacket is to imbue you with a feeling of royalty, of an impression of regal greatness; indeed, these Barbour International Jackets truly reflect a high-status in society.To be sure, the Barbour Jackets Women is an expensive way of ensuring you remain fashionable for another season. Nonetheless, the price is a reflection on quality and style, no other manufacturer of clothing has managed to convey the same messages that Cheap Barbour Sale has. The advantages of owning such a prestigious item of Barbour sale clothing far outweigh the expense of doing so.
Because of the natural classic look these Women Barbour Jackets , Barbour Jackets mens ,Childrens Barbour Jackets suggest about the wearer, they are clearly appropriate for many occasions. Whether you wear yours to the pub, or to the wedding of your closest friend, you can be sure that you will not look out of place. Moreover, these Barbour Ladies Jackets are suitable across the seasons, in winter, they Quilted Jacket keep the wearer wonderfully warm, in summer, they keep of the drizzle, a staple favourite of weather systems throughout the UK! Their specialist materials are much like silk in the qualities they provide, providing warmth during a cold spell, but equally, managing to keep you cool during a warm spell – this is no surprise, many ‘country' style devices provide these qualities, just think about the thatched house; cool in summer, warm in winter,that is Barbour Jackets sale.
Aside from the provision of all things practical – their weather proofing, their warmth and cooling properties depending on the season, the depth of their pockets, their protection from rain, etc – Barbour jackets are also a fantastic fashion accessory. The image they invoke is one of class and sophistication, and by wearing such an item, you will reflect the same sentiment. This season, they are particularly fashionable – given the townie/country look that touted by the fashionista throughout the world at present. Wear with a pair of chinos, or skinny jeans, and perhaps a lumberjack shirt and narrow tie, and you will ‘hit the hammer on the head' by way of fashion this season.
In terms of style and comfort, therefore, there is no better jacket than Barbour jacket, made from the finest quality and in the most fashionable designs; you cannot go wrong when purchasing Barbour jackets.

This season, Barber Jackets will be one of the most popular additions to the wardrobes of the most fashionable people around today. They have already been an admired feature on catwalks throughout the world, whether London, Paris, or New York, are Quilted Barbour Jackets this year's biggest fashion statement. Trendy, stylish, and sophisticated, anyone with even a passing interest in fashion would have heard of this manufacturer of outdoor jackets. To own a Barbour Quilted Jacket is to make a statement to the world: ‘I love fashion, and I know what's hot and what's not'. To wear Barbour Jacket is to imbue you with a feeling of royalty, of an impression of regal greatness; indeed, these Barbour International Jackets truly reflect a high-status in society.To be sure, the Barbour Jackets Women is an expensive way of ensuring you remain fashionable for another season. Nonetheless, the price is a reflection on quality and style, no other manufacturer of clothing has managed to convey the same messages that Cheap Barbour Sale has. The advantages of owning such a prestigious item of Barbour sale clothing far outweigh the expense of doing so.
Because of the natural classic look these Women Barbour Jackets , Barbour Jackets mens ,Childrens Barbour Jackets suggest about the wearer, they are clearly appropriate for many occasions. Whether you wear yours to the pub, or to the wedding of your closest friend, you can be sure that you will not look out of place. Moreover, these Barbour Ladies Jackets are suitable across the seasons, in winter, they Quilted Jacket keep the wearer wonderfully warm, in summer, they keep of the drizzle, a staple favourite of weather systems throughout the UK! Their specialist materials are much like silk in the qualities they provide, providing warmth during a cold spell, but equally, managing to keep you cool during a warm spell – this is no surprise, many ‘country' style devices provide these qualities, just think about the thatched house; cool in summer, warm in winter,that is Barbour Jackets sale.
Aside from the provision of all things practical – their weather proofing, their warmth and cooling properties depending on the season, the depth of their pockets, their protection from rain, etc – Barbour jackets are also a fantastic fashion accessory. The image they invoke is one of class and sophistication, and by wearing such an item, you will reflect the same sentiment. This season, they are particularly fashionable – given the townie/country look that touted by the fashionista throughout the world at present. Wear with a pair of chinos, or skinny jeans, and perhaps a lumberjack shirt and narrow tie, and you will ‘hit the hammer on the head' by way of fashion this season.
In terms of style and comfort, therefore, there is no better jacket than Barbour jacket, made from the finest quality and in the most fashionable designs; you cannot go wrong when purchasing Barbour jackets.

Fashion is like oxygen for women. Accessorizing one’s clothing is an art women have mastered over the years. Now dressing up in the trendiest of outfits is not the only way of looking good. Mulberry Bags contribute in adding the glam factor in the outlook of a woman.There are a lot of brand-name handbags in the world, such as Dior handbags, Anna Corinna handbags, Fendi handbags , and Mulberry Handbags etc. I’ve always heard that women love brand-name fashion ones especially Mulberry Sale very much. Mulberry Outlet has been a symbol of fashion and luxury. Designed by the best design team, made from the finest materials by highly skilled artisans, Mulberry Purses has time and again transcended fads. Mulberry Factory Shop Every handbag is classic.
Jimmy Choo is one of the best known also Christian Louboutin brands of footwear sector, which Jimmy Choo Shoes has won much admiration as Christian Louboutin sale was. Jimmy Choo UK entered the markets of many countries. Jimmy Choo Bridal Shoes fame in Hollywood, Jimmy Choo boots, for example, are the best choices for Jimmy Choo Sandals the red carpet and the popular feelings Jimmy Choo Pumps can give you more convenient for the user. For young people, Jimmy Choo Wedges especially young women, Jimmy Choo Slingbacks have become one of your dreams Jimmy Choo Bootie important in their daily lives to show Christian Louboutin Pumps their beauty and charm. The Web Design Christian Louboutin Shoes online shopping online shopping Christian Louboutin Bootie, you can get more information. They provide Jimmy Choo Handbags. I believe the Jimmy Shoes and Louboutin Shoes must can be your right choices and they can bring you the fashion and beauty no matter which occasion you are in.





23rd, 2012
12:00pm