NV5 Awarded $6 Million Atwater-Merced Expressway Project
09 April 2013 - 7:24AM
Marketwired
NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEEU), a leading
provider of professional and technical engineering and consulting
solutions, has been awarded a $6 million contract from the County
of Merced in California to provide construction management services
for the Atwater-Merced Expressway Project.
"NV5 was selected by Merced County based on its professional
qualifications and key local expertise in transportation," said
Dickerson Wright, CEO and Chairman of NV5.
The Atwater-Merced Expressway Project is a major transportation
project in California's Central Valley region. The California
Transportation Commission approved $52 million of funding for the
project on March 5, 2013. The funds are mostly from bond money
approved by Prop. 1B, also known as the Highway Safety, Traffic
Reduction, Air Quality, and Port Security Bond Act of 2006. NV5's
contract is scheduled to begin in July 2013 and continue to
2017.
About NV5 Holdings, Inc.
NV5 Holdings, Inc. (NASDAQ: NVEEU) is a provider of professional
and technical engineering and consulting solutions to public and
private sector clients in the infrastructure, construction, real
estate and environmental markets. The Company primarily focuses on
five business service verticals: construction quality assurance,
infrastructure engineering, energy services, program management and
environmental services. NV5 operates 20 offices in California,
Colorado, Utah, Florida and New Jersey and is headquartered in
Hollywood, Florida. For additional information, please visit the
Company's website at www.NV5.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements include, but are not limited to, statements regarding
creating a stronger platform upon which to further build the
Company as the preferred, single-source provider of engineering and
technical services, aligning the Company's employees, shareholders
and strategic partners, and expanding the Company's market share
both organically and through acquisition. The Company cautions that
these statements are qualified by important factors that could
cause actual results to differ materially from those reflected by
the forward-looking statements contained herein. Such factors
include, but are not limited to: (a) changes in demand from the
local and state government and private clients that we serve; (b)
general economic conditions, nationally and globally, and their
effect on the market for our services; (c) competitive pressures
and trends in our industry and our ability to successfully compete
with our competitors; (d) changes in laws, regulations, or
policies; and (e) the "Risk Factors" set forth in the Company's
most recent SEC filings, including the Annual Report on Form 10-K
for the fiscal year ended December 31, 2012. All forward-looking
statements are based on information available to the Company on the
date hereof, and the Company assumes no obligation to update such
statements.
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Company Contact: NV5 Holdings, Inc. Richard Tong Tel
1-954-495-2112 Email Contact Investor Relations: Liolios
Group, Inc. Cody Slach Tel 1-949-574-3860 Email Contact
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