Aecon Group Inc. (TSX: ARE) today announced that its wholly owned subsidiary Innovative Steam Technologies (IST) was awarded two new contracts late in 2004, bringing IST's total 2004 sales awards to $42 million.

Aecon Group Inc. today announced that it expects to report a loss before taxes of approximately $10 million for the fiscal year ended December 31, 2004.

Aecon Group Inc. (TSX: ARE) today announced that it expects to report a loss before taxes of approximately $10 million for the fiscal year ended December 31, 2004. These expected results represent an improvement of approximately $7 million over the previous year, but the anticipated loss is at variance with Aecon's earlier outlook of a return to profitability in 2004.