COLUMBIA, Md., Jan. 28 /PRNewswire-FirstCall/ -- Fortress International
Group (Nasdaq: FIGI), 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 new engagements for services, including technology consulting,
construction management and facility maintenance totaling more than
Leading the new engagements in the fourth quarter are two contracts
The new business brings work to all Fortress business units and includes technology consulting, owner representation, at risk design-build construction management and facilities management services. A break down of the divisional work booked for the quarter is as follows:
Tom Rosato , Chief Executive Officer of Fortress commented, "These new
project awards were developed from two sources. Approximately
Gerard Gallagher , CEO/President of Total Site Solutions added, "The need expressed by these customers is indicative of the strong and rising demand for improved mission-critical facilities. The technology industry in general and the mission-critical sector in particular are experiencing a severe shortage of needed space for their facilities. This demand for space cannot be satisfied with existing facilities and this shortage is helping to drive growth. A large portion of these awards arose from our distinct ability to deliver energy efficient, complex design/build projects on-time and within budget, and is indicative of our growing reputation in the mission-critical market."
Chief Financial Officer Tim Dec commented, "This new business will have a significant positive impact on our financial performance in 2008. The business covers work in all three of our divisions and we anticipate realizing approximately 60% of the revenue during the course of 2008. These projects will assist us in meeting our long term objective of significant growth in the coming years."
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