Business News
Fortress International Group Awarded Contract to Upgrade Orlando Based Data Center
2008-07-14 09:33:00
COLUMBIA, Md., July 14 /EMWNews-FirstCall/ -- Fortress International Group Inc. (Nasdaq: FIGI), a company providing comprehensive services for the planning, design, development and maintenance of mission critical facilities and information infrastructure, today announced it has been awarded a design/build contract to upgrade the mechanical and electrical infrastructure at DataSite Orlando, a premier world class data center in Orlando, Florida. The signed contract includes critical system improvements with a potential project value that could exceed more than $20 million. Fortress International subsidiary Total Site Solutions is currently managing DataSite Orlando under a facilities maintenance contract and will also perform the design/build services. The new contract calls for $1.8 million in immediate infrastructure improvements to be completed by the end of the year. This initial phase is the first of a potential number of planned upgrades the customer is planning to make over the coming quarters. DataSite Orlando is a 130,000 square foot purpose built data center providing co-location and custom data center suites to large enterprises that have large floor space requirements with significant power and cooling needs. DataSite Orlando is a world class data center facility delivering customized suites from 500 to 50,000 square feet and is a flagship property in the BURGES Property + Company's high tech real estate portfolio. "BURGES Property + Company is thrilled to engage Total Site Solutions for Design/Build services at DataSite Orlando," noted Jeff Burges, CEO of Burges Property + Company. "Total Site Solutions provides the complete Design, Build & Operate package which affords clients like us the efficiencies of one stop shopping while providing extraordinary product knowledge from the C-Suite through the entire organization." 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 [email protected]
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