COLUMBIA, MD, Jul 09 (MARKET WIRE) --
Fortress International Group, Inc. (NASDAQ: FIGI) (NASDAQ: FIGIU)
("Fortress"), a leading provider of consulting and engineering,
construction management and 24/7/365 site services for mission-critical
facilities, today announced that the Company's publicly traded warrants
(NASDAQ: FIGIW) will expire Monday, July 13, 2009 at 5:00 p.m., Eastern
Time, in accordance with the terms of the warrants. The warrants were
originally issued in connection with the Company's initial public
offering in 2005, and prior to expiration each warrant was exercisable
for the purchase of one share of common stock at $5.00 per share. There
are approximately 15.7 million warrants to purchase common stock
outstanding as of July 9, 2009.
About Fortress International Group, Inc.:
Fortress International Group, Inc. is leading mission-critical facilities
into a new era of maximum uptime and efficiency. By combining the
knowledge and experience of Total Site Solutions and Rubicon Professional
Services, two experts in critical facilities infrastructure, 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. -- setting a new standard for the
optimized critical facility.
Fortress International Group, Inc. is headquartered in Maryland, with
offices throughout the U.S. For more information, visit:
www.FortressInternationalGroup.com or call 888-321-4877.
FORWARD-LOOKING STATEMENTS
This document 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:
Thomas P. Rosato
Chief Executive Officer
Fortress International Group, Inc.
Phone: (410) 423-7438
Investor Relations:
Kristen McNally
The Piacente Group, Inc.
Phone: (212) 481-2050
figi@tpg-ir.com
Copyright 2009, Market Wire, All rights reserved.
-0-
