Moro Corporation (OTCQX:MRCR) today announced that its Construction Products Division obtained its first sales order being financed by the U.S. Government’s Stimulus Plan. J.M. Ahle Co., an operating unit of Moro, has received a contract to provide reinforcing steel to parts of the I-295 Pavement Rehabilitation and Bridge Deck Replacement in Gloucester and Camden Counties, New Jersey. The government’s recovery program is funneling substantial amounts of money to Transportation Infrastructure Projects which utilize fabricated steel reinforcing bars – a major component of Moro’s revenue.
About 85% of Moro’s business is of an infrastructure nature supplying products and services used in the construction of highways, roads, bridges, airports, dams, water treatment plants, hospitals, schools, and government buildings.
Moro is a profitable and financially strong, multi-subsidiary and eleven-location construction products and services company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) industrial/commercial/residential mechanical contracting services (HVAC, plumbing, and piping).
Moro’s shares are listed on the Pink Sheets – symbol MRCR.
For more information, contact David W. Menard, President and CEO, at 484-367-0300, fax 484-367-0305.