ASCC Construction (EVDR) Expands Business Following Successful Seminar
NEW DELHI, May 20, 2011 /PRNewswire/ -- Evader, Inc. (Pink Sheets: EVDR; www.evadercorp.com) subsidiary ASCC, India's leading infrastructure company, recently hosted a seminar in New Delhi.
ASCC management made presentations to about 1,000 various elite clients, staff members and analysts on subjects that included opportunities in infrastructure markets, the ASCC business model, improving profit margins and the company's approach to infrastructure investments.
Opportunities in Infrastructure Markets
ASCC expects global infrastructure markets to grow as aging systems are replaced and the demands of economic growth and demographic trends are met in developing countries. There are more than $270 billion U.S. worth of projects in the pipeline in India's infrastructure sector, according to an Indian key projects database. The country's construction industry is forecasted to show real growth of 9.6% per annum.
ASCC's Business Model
ASCC has established a business delivering a full range of capabilities to owners and operators of transport systems, power and water assets and complex buildings. The company has leadership positions in India and now has access to emerging markets throughout the world. These strengths, combined with the core skills that are common to all of its activities -- including its technical expertise, local knowledge, integration capability and ability to serve complex customers -- positions ASCC to benefit from infrastructure market growth and deliver value to clients.
Improving Profit Margins
ASCC expects to improve the operating margins of its divisions (particularly in its professional services division) in the next five years through better utilization of resources and efficiency savings. ASCC believes that it has the scope to improve the operating margin in the medium-term through a combination of higher margins in divisions and the heightened role of professional and support services in its business mix.
New Approach to Infrastructure Investments
As its investment portfolio matures, ASCC is evolving in the way it deploys capital to investments and it expects to deliver earnings which will enhance the group's profits. The company intends to use these cash proceeds to develop new assets and deliver returns.
ASCC acquired two new clients for future cooperation following the seminar. ASCC anticipates that this is just one of many successful seminars that it will host.
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.
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