COLUMBIA, Md., July 31 /PRNewswire-FirstCall/ -- Fortress International Group (OTC Bulletin Board: FAAC), holding company for Total Site Solutions (TSS), a company providing comprehensive services for the planning, design and development of mission critical facilities and information infrastructure, today announced that it has received approval from the NASDAQ Stock Market for its common stock, warrants and units to begin trading on The NASDAQ Capital Market under the symbols FIGI, FIGIW, and FIGIU respectively. The Company anticipates trading of its securities to commence on Wednesday August 1, 2007 .
Tom Rosato , Chief Executive Officer of Fortress said, "This is a significant milestone for our Company and should benefit our shareholders in a number of ways. We believe the enhanced visibility of the NASDAQ may increase the appeal of our shares to a broader section of the investment community. At the same time, the high standards of reporting and financial strength required by the NASDAQ may enhance our credibility with the broader business community as we continue our growth and acquisition plans."
ABOUT TOTAL SITE SOLUTIONS
Total Site Solutions (TSS) plans, designs, builds and maintains specialized facilities such as data centers, trading floors, call centers, network operation centers, communication facilities, laboratories and secure facilities. For more than a quarter-century, the TSS team has pioneered building robust and scalable infrastructure into mission-critical facilities. The firm offers unsurpassed expertise in the infrastructure systems (electrical, mechanical, telecommunications, security, fire protection and building automation) that are the critical facility's lifeblood. TSS's comprehensive portfolio of services and multi-disciplinary expertise provide customers a highly respected single source for critical services that bridge the gap between IT and facilities.
Headquartered in the Baltimore-Washington corridor, TSS provides complete turnkey facility services from the initial planning stages, to construction, to ongoing maintenance of the completed project. Its clients include the world's most demanding mission-critical organizations, including Fortune 500 firms and US government agencies.
For more information, visit http://www.totalsiteteam.com or call 888-321-4TSS (4877).
FORWARD-LOOKING STATEMENTS
This document may contain "forward-looking statements"-that is, statements related to future-not past-events, plans, and prospects. In this context, forward-looking statements may address matters such as our expected future business and financial performance, and often contain words such as "guidance," "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Fortress, particular uncertainties that could adversely or positively affect the Company's future results include: the Company's reliance on a significant portion of its revenues from a limited number of customers; the uncertainty as to whether the Company can replace its declining backlog; risks involved in properly managing complex projects; risks relating to revenues under customer contracts, many of which can be canceled on short notice; risks related to the implementation of the Company's strategic plan, including the ability to make acquisitions and the performance and future integration of acquired businesses; and other risks and uncertainties disclosed in the Company's filings with the Securities and Exchange Commission. These uncertainties may cause the Company's actual future results to be materially different than those expressed in the Company's forward-looking statements. The Company does not undertake to update its forward-looking statements.
Company Contact: Tom Rosato Chief Executive Officer Fortress International Group Phone: 410.312.9988 x 222 Investor Relations: John McNamara Cameron Associates (212) 245-8800 Ext. 205 [email protected]SOURCE Fortress International Group
