MARLTON, NJ and PHILADELPHIA - (GlobeNewswire via COMTEX News Network) - March 10, 2010
-- Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today that it has recently been awarded
three contracts by the Delaware River Joint Toll Bridge Commission
(DRJTBC).
The three contracts, which have a total estimated value to Hill of approximately $2.5 million, include:
- A contract to provide construction management and construction inspection services for the Calhoun Street Bridge Rehabilitation project;
- A contract to provide construction management and construction inspection services for the I-78 Toll Bridge Open Road Tolling project; and
- A contract to provide construction management services on a task order basis.
"The
DRJTBC is a valued client of Hill," said Michael V. Griffin, P.E.,
Hill's Senior Vice President and Pennsylvania Regional Manager. "We are
honored that they have chosen us to manage several of their most
important projects," Griffin added.
The Delaware River Joint
Toll Bridge Commission is a bi-state agency that owns and operates
seven toll bridges and 13 non-toll bridges that cross the Delaware
River between New Jersey and Pennsylvania. The DRJTBC's jurisdiction
stretches from the Philadelphia/Bucks County boundary in the south to
the New York/New Jersey state line in the north. DRJTBC bridges handled
nearly 140 million vehicles in 2009.
For more information on the
DRJTBC, please visit their website at www.drjtbc.org.
Hill
International, with 2,400 employees in 80 offices worldwide, provides
program management, project management, construction management and
construction claims and consulting services. Engineering News-Record
magazine recently ranked Hill as the 8th largest construction
management firm in the United States.
For more information on Hill,
please visit our website at www.hillintl.com.
The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733
Certain
statements contained in this press release may be considered
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, and it is our intent that any
such statements be protected by the safe harbor created thereby. Except
for historical information contained in this press release, the matters
set forth herein including, but not limited to, any projections of
earnings or other financial items; any statements concerning our plans,
strategies and objectives for future operations; and any statements
regarding future economic conditions or performance, are
forward-looking statements. These forward-looking statements are based
on our current expectations, estimates and assumptions and are subject
to certain risks and uncertainties. Although we believe that the
expectations, estimates and assumptions reflected in our
forward-looking statements are reasonable, actual results could differ
materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results, performance and achievements, or industry results to
differ materially from estimates or projections contained in our
forward-looking statements include: modifications and termination of
client contracts; control and operational issues pertaining to business
activities that we conduct on our own behalf or pursuant to joint
ventures with other parties; difficulties we may incur in implementing
our acquisition strategy; the need to retain and recruit key technical
and management personnel; and unexpected adjustments and cancellations
related to our backlog. Additional factors that could cause actual
results to differ materially from our forward-looking statements are
set forth in the reports we have filed with the Securities and Exchange
Commission. We do not intend, and undertake no obligation, to update
any forward-looking statement.
This news release was distributed by GlobeNewswire, www.globenewswire.com Source: Hill International, Inc.
Contact: Hill International, Inc.
John P. Paolin, Vice President of Marketing and
Corporate Communications
(856) 810-6210
johnpaolin@hillintl.comThe Equity Group Inc.
Devin Sullivan, Senior Vice President
(212) 836-9608
dsullivan@equityny.com(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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