Avtar Singh Construction Company (EVDR) $30-Million Bid: Bihar Irrigation Project


DELHI, INDIA--(Marketwire - 04/05/11) - Evader, Inc. (PINK SHEETS:EVDR - News) (www.evadercorp.com) subsidiary Avtar Singh Construction Company (ASCC), one of India's largest builders, has submitted a tender for an irrigation project in the state of Bihar estimated to be worth $30 million.This is one of the most prestigious projects for Bihar Irrigation Corporation's irrigation department. It comprises building a dam, head works, a main irrigation canal and a complete network of distributary channels with field channels.The present water shortage to the 32,680 hectares of agricultural land affecting residents of Bihar will be resolved by the completion of this project. Irrigation engineering projects provide the only means of irrigation in several tracts of land (including the bulk of chronically drought-affected areas), and the labour-intensive work provides extensive opportunities for rural employment."We are proud to continue our relationship with Bihar Irrigation Corporation," says Evader CEO S. Avtar Singh Walia. "Managing the construction of this important project for the benefit of the people of Bihar would bring a great honour to ASCC and greatly increase our competitiveness in India's construction market."Evader will update its followers and shareholders on new developments shortly.Safe Harbor StatementInformation 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.


Investor Relations
Investor Relations Department Inquiries
For M&A and Corporate Matters
View Comments (0)