SOURCE: NV5 Holdings, Inc.

NV5 Holdings, Inc.

June 26, 2013 08:30 ET

NV5 Awarded $2.9 Million Contract by City of Bakersfield, California to Manage Final Phase of the West Side Parkway Project

HOLLYWOOD, FL--(Marketwired - Jun 26, 2013) -  NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEEU), a provider of professional and technical engineering and consulting solutions, was awarded a $2.9 million contract by the City of Bakersfield, California to provide construction management services for Phase 6 of the city's West Side Parkway Project.

The project involves completing the final two miles of the Westside Parkway between Allen Road and the intersection of Stockdale Highway and Heath Road.

"Our strong presence in the development of the Central Valley's Transportation Infrastructure reflects the long and successful relationship NV5 and its subsidiary, Nolte Associates, has enjoyed with the City of Bakersfield," commented Dickerson Wright, CEO and chairman of NV5. "We were selected to manage the final phase of this project based on our well-established professional qualifications and proven local expertise."

The California Transportation Commission approved $26 million in funding for Phase 6 under the State Transportation Improvement Program, which is administered by the Thomas Roads Improvement Program. NV5's work on the project is scheduled to begin in July and continue through March 2015.

About NV5 Holdings, Inc.
NV5 Holdings, Inc. (NASDAQ: NVEEU) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. The Company primarily focuses on five business service verticals: construction quality assurance, infrastructure engineering, energy services, program management and environmental services. NV5 Holdings operates 21 offices in California, Colorado, Utah, Florida and New Jersey and is headquartered in Hollywood, Florida. For additional information, please visit the Company's website at Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the "Risk Factors" set forth in the Company's most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.

Contact Information

  • Company Contact:
    NV5 Holdings, Inc.
    Richard Tong
    Tel 1-954-495-2112
    Email Contact

    Investor Relations:
    Liolios Group, Inc.
    Cody Slach
    Tel 1-949-574-3860
    Email Contact