SOURCE: Fortress International Group, Inc.

Fortress International Group, Inc.

May 18, 2010 07:00 ET

Fortress International Group Subsidiary Selected for U.S. Department of Defense Project

Total Site Solutions to Provide Construction and Design Services for Large-Scale Federal Initiative

COLUMBIA, MD--(Marketwire - May 18, 2010) - Fortress International Group, Inc. (PINKSHEETS: 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, has been awarded a contract with an international consulting firm, for work primarily in support of the United States Department of Defense and associated agencies.

The $10 million Blanket Order Agreement contract encompasses architectural, engineering, and construction support services for a broad variety of minor to major repair, modification and rehabilitation, as well as alterations and new construction projects. Work on this contract commenced in the second quarter of 2010. 

"We are pleased that TSS has been selected for this significant project and honored to be working with the prime contractor on one of the largest federal design and construction initiatives ever," said Gerard Gallagher, Fortress' President and COO. "This contract award came as a result of our experience and capabilities in Technology Consulting, Engineering, Construction and Facilities Management, as well as our long-standing relationship with the prime contractor. We have worked with these DoD agencies on multiple projects over the last several years, and are proud that they have again recognized our technical capabilities and expertise in working with mission critical facilities. Given the prime contract is for a five-year duration, we are confident our contract will also extend beyond 2010. We also believe Fortress is well positioned to secure additional business from this customer as subsequent project phases are initiated. We are already receiving task orders and look forward to continuing work on these new projects."

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," "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.

Contact Information

  • Company Contact:
    Fortress International Group, Inc.
    Timothy C. Dec
    Chief Financial Officer
    Phone: (410) 423-7300

    Investor Contacts:
    Fortress International Group, Inc.
    Harvey L. Weiss
    Vice Chairman
    Phone: (410) 423-7425
    hweiss@thefigi.com

    The Piacente Group, Inc.
    Brandi Floberg / Lee Roth
    Phone: (212) 481-2050
    figi@tpg-ir.com