COLUMBIA, Md., Aug. 14, 2012 /PRNewswire/ -- Fortress International Group, Inc. (Other OTC: FIGI), a provider of consulting and engineering, construction management and site services for mission-critical facilities, today announced the appointment of Mr. Daniel J. Phelps, 44, to its Board of Directors effective August 15, 2012. Mr. Phelps is Fortress' fifth member of the Board and second independent director.
"Dan holds significant capital markets experience and has been an investor in or advisor to a number of public and private technology companies throughout his career. Dan brings the ability to evaluate new and existing go-to-market strategies and business models from both capital allocation and operating perspectives. These skills and experience are very relevant to Fortress at this stage. We welcome Dan to Fortress' Board," said Peter Woodward, Chairman of the Board of Directors, Fortress International.
Mr. Phelps has spent the majority of his career as a venture capitalist where he has partnered with and invested in numerous private and public companies. He served as a general partner and founding member of Duchossois Technology Partners, a Chicago-based venture capital firm, where he led software and networking investments. Mr. Phelps also served as a general partner of Opus Capital, a California-based venture capital firm. Currently, he is a managing director of Salt Creek Capital, a California-based private equity firm he founded in July 2009, and serves as president of portfolio company Electro-Motion. Previously, Mr. Phelps held an investment management position with the Pritzker Financial Office in Chicago and was a member of the Financial Services group at Ernst & Young LLP. Mr. Phelps currently serves as a member of the Board of Directors of Infoblox, a leading provider of Automated Network Control solutions.
Mr. Phelps said, "I am honored to join Fortress' Board of Directors at this important juncture in the company's development. Fortress' best-in-class offerings for some of the most technology dependent organizations worldwide provide an attractive opportunity with a great deal of potential. I am delighted to be working with the Fortress team and look forward to contributing to the Company's future success."
Mr. Phelps holds a B.S. degree in business administration from The Ohio State University and an M.B.A. from the University of Chicago and is a certified public accountant.
About Fortress International Group, Inc.
Fortress International Group, Inc. is leading mission-critical facilities into a new era of maximum uptime and efficiency. Fortress provides consulting and engineering, construction management and 24/7/365 site services for the world's most technology dependent organizations. Serving as a trusted advisor, Fortress delivers the strategic guidance and pre-planning that makes every stage of the critical facility lifecycle more efficient. For those who own, lease or manage mission-critical facilities, Fortress provides innovative end-to-end capital management, energy, IT strategy, procurement, design, construction, implementation and operations solutions that optimize performance and reduce cost.
Fortress International Group, Inc. is headquartered in Maryland, with offices throughout the U.S. For more information, visit: www.thefigi.com or call 888-321-4877.
Fortress International Group, Inc. -- setting a new standard for the optimized critical facility.
Forward Looking Statements
This press 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," "prospects," "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; risks relating to operating in a highly competitive industry; actual or potential conflicts of interest between the Company and members of the Company's senior management; risk relating to rapid technological, structural, and competitive changes affecting the industries the Company serves; the uncertainty as to whether the Company can replace its backlog; risks involved in properly managing complex projects; risks relating the possible cancellation of customer contracts on short notice; risks relating our ability to continue to implement our strategy, including having sufficient financial resources to carry out that strategy; risks relating to our ability to meet all of the terms and conditions of our debt obligations; uncertainty related to current economic conditions and the related impact on demand for our services; and other risks and uncertainties disclosed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2011. 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.
SOURCE Fortress International Group, Inc.