May 21, 2012 08:00 ET

KSW, Inc. Awarded Projects Totaling 26 Million Dollars

LONG ISLAND CITY, NY--(Marketwire - May 21, 2012) - KSW, Inc. (NASDAQ: KSW) today announced that it has recently been awarded two very prestigious projects, totaling approximately $26 million. The first project is the Baccarat Hotel & Residences New York, a Starwood Flagship Hotel. The second is a luxury rental building for Glenwood Management, a long standing KSW client.

Chief Executive Officer Floyd Warkol commented that "Foundations are underway for both projects and KSW is expected to commence work on both this year. The Company's ability to provide value engineering services was instrumental in obtaining both projects."

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