SOURCE: Infrastructure Developments Corp.

Infrastructure Developments Corp.

December 01, 2010 13:21 ET

Infrastructure Developments Brings on New Business Development Director for Europe and Africa

HERNDON, VA--(Marketwire - December 1, 2010) -  Infrastructure Developments Corp. (OTCBB: IDVC) announced today that it has appointed Mr. Rui Santos as Director of Business Development, Africa and Europe. Mr. Santos will be based in Europe and will concentrate on markets in Europe and Africa, expanding Infrastructure's global reach to complement our current operations in the Asia-Pacific region and in the US.

Mr. Santos is a native of Angola and resides in the UK. He has a degree in Finance from the University of Cape Town in South Africa and an MBA from Manhattan College in New York. He speaks Afrikaans, Lingala and Swahili in addition to native Portuguese, English and French. Mr. Santos has over 15 years of business experience in Europe and on the African continent and is in contact with many of the business leaders in the rapidly expanding African market. His focus at Infrastructure will be the development of new business opportunities in Africa and Europe, identifying capital partners in the regions, and coordinating business efforts in Angola and southern Africa, a strategic target area for Infrastructure.

"Mr. Santos brings a wealth of business experience in the African markets and we are extremely pleased to have him leading our efforts on the continent," stated Thomas R. Morgan, CEO of Infrastructure. "Our expansion of operations directed towards the African continent, especially Angola and the large-scale housing development initiatives in that country, requires top notch staff who understand the business climate and myriad opportunities. Mr. Santos brings that understanding and experience to IDVC. We are very excited about our future African opportunities."

About Infrastructure Developments Corp.:

Infrastructure is an engineering and construction services company that services an underserved niche in the global project management spectrum, targeting specialized projects and subcontracts that are too small to attract giant multinational firms, but which still require world class engineering expertise.

Forward-Looking Statements:

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including Infrastructure's ability to procure design and management projects, competitive market conditions, and Infrastructure's prospects for securing additional sources of financing as required. The actual results that Infrastructure may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Infrastructure encourages the public to read the information provided here in conjunction with its most recent filings on Form 8-K, Form 10-Q and Form 10-K. Infrastructure's public filings may be viewed at www.sec.gov.

Contact Information

  • Contact:
    Infrastructure Developments Corp.
    Thomas Morgan
    CEO
    202.579.9472

    Morningstar Corporate Communications
    Chris Dove
    President
    888.876.9995