PHILADELPHIA and NEW YORK, March 11, 2016 (GLOBE NEWSWIRE) -- In a release issued under the same headline on March 10, please note that the value of the contracts mentioned in the first paragraph is $12.0 million, not $6.0 million. The corrected release follows:
Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded two contracts by the New York City Department of Parks and Recreation (DPR). The two contracts have a combined estimated value to Hill of approximately $12.0 million.
Pursuant to both contracts, Hill will provide construction project management services as needed for the construction or reconstruction of parks, playgrounds, buildings and facilities located throughout the five boroughs of New York City. One contract is for large projects and the other contract is for small projects.
“DPR is a major and longstanding client of our New York City office,” said John Milano, P.E., Senior Vice President and Northeast Regional Manager for Hill’s Project Management Group. “We are proud that they continue to turn to Hill for their most important projects,” added Milano.
Hill International, with 4,700 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the seventh largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
Certain statements contained herein 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, the matters set forth herein including, but not limited to, any projections of revenues, 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 to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
The Equity Group Inc.
Senior Vice President
Source:Hill International, Inc.