SACRAMENTO, Calif., Dec. 19, 2013 (GLOBE NEWSWIRE) -- Intelligent Highway Solutions, Inc. (the "Company") OTCQB (IHSI), announced that the company was the low bidder for a contract worth approximately 1,700,000 with California Department of Transportation (Caltrans). We anticipate having a fully executed agreement and to start work in January 2014.
Devon Jones CEO of Intelligent Highway Solutions stated: "We expect to acquire similar contracts in California and neighboring states." Jones continued: "We are excited to win the bid and reestablish our relationship directly with CALTRANS."
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. was formed in April, 2011; IHS is a technology based intelligent highway solutions contractor. The Company's primarily focus is in the California transportation market providing services that range from providing labor, materials, and related equipment for corrective service and maintenance services for the States transportation infrastructure. The Company's plans are to expand its services to provide cutting edge wireless technologies for transportation market. As well as expand our service, maintenance and technology services to neighboring states and nationwide.
Forward Looking Statements: Any statements contained herein that are not historical facts are forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.