
Fortress International Group Subsidiary Selected for 3 Year Mission-Critical Facility Management Contract totaling $3.3 Million
COLUMBIA, Md., May 25, 2011 /PRNewswire/ -- Fortress International Group (Other OTC: FIGI), a provider of consulting and engineering, construction management and 24/7/365 site services for mission-critical facilities, today announced that its subsidiary, Total Site Solutions (TSS) has been selected to perform mission-critical facility management for a large federal healthcare facility. The three-year contract carries an estimated total value of $3.3 million, and includes electrical, mechanical maintenance and staffing at the customers' Information Technology Center in the Washington DC area.
Gerry Jepson, Senior Vice President of facility maintenance operations stated, "The award of this multi-year contract is a result of the outstanding level of service TSS has provided for this customer over the past several years. Because of our ability to deliver top-quality facilities management programs, the customer decided to increase the scope of services and responsibility to maintain this mission critical facility and we are pleased to extend our relationship with this prominent organization for another three years.
Thomas P. Rosato, Fortress' CEO added, added, "We continue to further refine our sales and operational strategies, with a focus on highly profitable growth through the expansion of our facility management business. Our efforts to win this project are in-line with this strategy and help further strengthen our backlog of service-based recurring revenue business."
About TSS:
Total Site Solutions, a Fortress International Group company, is a leading solutions provider in the mission-critical industry delivering technology consulting, design and engineering, construction management and 24/7/365 site services for the world's most technology dependent organizations. Serving as a trusted advisor, TSS 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, TSS provides innovative end-to-end capital management, energy, IT strategy, procurement, design, construction, implementation and operations solutions that optimize performance and reduce cost.
TSS is headquartered in Columbia, Maryland, with offices throughout the U.S. For more information, visit: www.totalsitesolutions.com or call 888-321-4877.
TSS -- 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," "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 our ability to continue as a going concern; the uncertainty of whether the Company can raise additional funds to continue its operations, if necessary; risks associated with our effort to meet our working capital requirements and scheduled maturities of indebtedness absent restructuring; the uncertainty as to whether the Company can replace its 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 relating to our ability to implement a reduction in our expenses; risks relating our ability to continue to implement our business plan; risks relating to our liquidity; 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, 2009. 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.
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