May 24, 2011 08:00 ET

KSW, Inc. Awarded Private Sector Projects Totaling 36 Million Dollars

LONG ISLAND CITY, NY--(Marketwire - May 24, 2011) - KSW, Inc. (NASDAQ: KSW) today announced that it has recently been awarded new private sector contracts totaling approximately 36 Million Dollars. These projects include three residential buildings at Gotham West in Manhattan, a 41 story apartment building in Long Island City, N.Y. and a boutique hotel in midtown Manhattan. With these new projects, the Company's backlog is now approximately 100 Million Dollars.

Chairman of the Board, Floyd Warkol, commented that: "These new jobs are indications of the recent resurgence in the private sector, where our value engineering skills have given us a competitive advantage. The local unions have also been very helpful in working to reduce the cost of new construction, making these projects viable. We continue to actively pursue other new projects in both the public and private sectors."

About KSW

KSW, Inc., through its wholly-owned subsidiary, KSW Mechanical Services, Inc., furnishes and installs heating, ventilating and air conditioning (HVAC) systems and process piping systems for institutional, industrial, commercial, high-rise residential and public works projects. KSW Mechanical Services, Inc. also acts as Trade Manager on larger construction projects, such as the Mount Sinai Center for Science and Medicine.

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Safe Harbor Statement

Certain statements contained in this press release are not historical facts, and constitute "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward looking statements generally can be identified as statements that include phrases such as "believe", "expect", "anticipate", "intend", "plan", "foresee", "likely", "should", "will" or other similar words or phrases. Such forward-looking statements concerning management's expectations and other similar matters involve known and unknown risks, uncertainties and other important factors that could cause the actual results to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. Such risks, uncertainties, and other important factors that could cause actual results to differ materially from expectation of the Company include, among others, the outcome of the year-end audit and further internal review of the Company's historical financial statements. All written and oral forward-looking statements of or attributable to the Company or persons acting on behalf of the Company are qualified in their entirety by such factors. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based.

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Contact Information

  • For More Information
    James F. Oliviero
    KSW, Inc.
    (718) 340-1409
    Email Contact