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MarketScreener Homepage  >  Equities  >  Nyse  >  MasTec, Inc.    MTZ

MASTEC, INC.

(MTZ)
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MASTEC : Statement from CEO of Custom Crushing & Materials Regarding Recent Court Decision

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05/03/2011 | 11:15am EDT

BRIARCLIFF MANOR, N.Y., May 3, 2011 /PRNewswire/ -- The following is a statement from Harry Blustein, III C.E.O. of Custom Crushing & Materials, Inc.:

"On April 13, 2011 the judge DENIED GlobeTec Constructions' motion to compel arbitration in Panama. GlobeTec Construction, LLC is a wholly owned subsidiary of MasTec (NYSE: MTZ). It was odd to begin with that GlobeTec Construction, LLC would claim an affiliation with GlobeTec Panama, SA since the directors of the latter including Jose Mas are reportedly domiciled in the Bahamas, not in Florida or Panama according to official incorporation documents filed in February 2010 in Panama. Specifically they claim to reside at Nassau, Bahamas," stated Harry Blustein III. "We are very pleased with this decision. This brings our case one step closer to justice," concluded Blustein.

About Custom Crushing & Materials, Inc.

Custom Crushing www.ccmcrush.com is focused on providing crushing and screening services. Custom has one of the largest portable crushing fleets in the Americas. Custom's teams and equipment are capable of crushing and screening approximately 4,000 tons per day. Custom is headquartered in New York. From offices there they provide service to New York, New Jersey and Connecticut. Custom also maintains an office in Miami, Florida.

For more information you can contact:
Custom Crushing & Materials, Inc.
Harry Blustein III, President/C.E.O.
Ph:(914) 737-6400
Email: hb@7376400.com
www.ccmcrush.com

CASE NO: 10-59275-CA 01 (22) Filed November 10, 2010, In the Circuit Court of the 11th Judicial Circuit in and for Miami-Dade County, Florida.

SOURCE Custom Crushing & Materials, Inc.


© PRNewswire 2011
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