China Housing & Land Development Reaches Agreement with China ... FOXBusiness - The new strategic partnership is the first and only one of its kind for both China Housing & Land Development and China Construction Bank Shaanxi Branch. ... |
Tuesday, July 8, 2008
China Housing & Land Development Reaches Agreement with China ... - FOXBusiness
Fortress International Group Awarded a .2 Million Contract with Major University
COLUMBIA, Md., July 8 /PRNewswire-FirstCall/ -- Fortress International Group Inc.
The contract calls for the upgrade of a separate facility to data center- ready space, and Fortress will provide the design and installation services for new mechanical and electrical infrastructure systems. Fortress will also provide general construction services to secure and retrofit the space in order to be suitable for new electronic equipment.
The contract was originated through an existing partnering relationship with a major IT firm. The work is to begin immediately and should be completed prior to the end of the second quarter of 2009.
ABOUT FORTRESS INTERNATIONAL GROUP INC.
Fortress International Group Inc.(FIGI) and its subsidiaries Total Site Solutions, Rubicon, Vortech, and Innovative Power, plan, design, build and maintain specialized facilities such as data centers, trading floors, call centers, laboratories, medical facilities, network operation centers, communication facilities, and secure facilities. For nearly 30 years, the FIGI 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. FIGI'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.
FORWARD-LOOKING STATEMENTS
This release 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. 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, Inc. Phone: (410) 423-7438 Investor Relations: John McNamara Cameron Associates Phone: (212) 245-8800 Ext. 205
CONTACT: Company: Tom Rosato, Chief Executive Officer, Fortress
International Group, Inc., 1-410-423-7438, or Investor Relations: John
McNamara, Cameron Associates, 1-212-245-8800 Ext. 205,
ETFs for Tomorrow - Motley Fool
ETFs for Tomorrow Motley Fool - We only screened for ETFs with a three-year performance record this week, but only time will tell whether they can continue building a solid track record ... |
European construction sector headed for sharp slowdown: Ifo - AFP
 AFP | European construction sector headed for sharp slowdown: Ifo AFP - Germany represented the single biggest construction market, with 16.9 percent of the total, followed by Spain, Britain and France. ... |
From Solar Energy to Electricity: A Growing BIPV Market with Great ... - FOXBusiness
From Solar Energy to Electricity: A Growing BIPV Market with Great ... FOXBusiness - Frost & Sullivan analyst, Akhil Sivanandan, of the Building Technologies Group states, "Market participants across Europe will now have to find ways to ... Composite Technology Set to Soar on Wings of Commercial Airliners |
Falling Stocks Weigh on Crude - Wall Street Journal
Falling Stocks Weigh on Crude Wall Street Journal - Many participants said a firm base for prices was building around 40 a barrel, but Monday's selloff also took the wind out of any immediate attempts to ... |
Manitex International, Inc. Expands Credit Facilities and Term Loan with Comerica Bank
BRIDGEVIEW, Ill., July 8 /PRNewswire-FirstCall/ -- Manitex International, Inc. (the "Company")
Under the amendments, the maturity date on the U.S. and Canadian revolving lines of credit and a term loan, has been extended to April 1, 2010 from April 1, 2009, the amount of the US credit line increases to 0.5 million from 8.5 million (USD) and the Canadian credit facility allows for borrowing based in US dollars. The amendments also make certain other changes to credit facilities. You are urged to review the Company's current report on Form 8-K filed earlier today, which is available at http://www.sec.gov/, for additional information regarding these amendments to the Company's credit facilities.
Andrew Rooke, Chief Operating Officer, commented, "This is another important step forward for Manitex International. We have transformed the Company over the last two years into a profitable enterprise with positive cash flows and a strengthened balance sheet. We believe these amendments of our credit facility represent Comerica's recognition of our strengthened financial position despite a challenging global economic environment in which many lending institutions are tightening their lending criteria. We are pleased that Comerica Bank continues to provide resources and support for our organic growth and acquisition strategies both in North America and internationally."
About Manitex International, Inc.
Manitex International, Inc. is a leading provider of engineered lifting solutions including boom trucks, cranes, rough terrain forklifts, and special mission oriented vehicles. Through our subsidiaries, we manufacture and market a comprehensive line of boom trucks and sign cranes. Our boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. The Manitex Liftking subsidiary, which includes the Noble forklift product line, manufactures and sells a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking's rough terrain forklifts are used in both commercial and military applications.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements relating to the enhanced visibility of the Company within the investment community and the potential for additional liquidity in the capital markets for the Company's common stock. Forward-looking statements are based on current expectations and assumptions, and involve various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Such risks and uncertainties, many of which are beyond the Company's control, include the Company's financial out look and other factors identified and discussed from time to time in the Company's filings with the Securities and Exchange Commission, including those factors discussed in the Company's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, which discussions are also incorporated herein by reference. Actual events or the actual factual results may differ materially from any forward-looking statements due to these and other risks, uncertainties, and significant factors. All forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements included in this press release to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions, or circumstances on which such statements are based.
Company Contact: Manitex International, Inc. Hayden Communications David Langevin Peter Seltzberg or Brett Maas Chief Executive Officer Investor Relations (708) 237-2060 (212) 946-2849
CONTACT: David Langevin, Chief Executive Officer of Manitex
International, Inc., 1-708-237-2060,
Relations, Peter Seltzberg,
Communications, 1-212-946-2849
Subscribe to:
Posts (Atom)
