MARLTON, N.J. and BUCHAREST, Romania, June 10, 2011 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received two contracts to manage the rehabilitation of water and wastewater infrastructure systems in Alba and Braila counties in Romania. The two contracts, from S.C. Apa CTTA S.A. Alba and Dunarea Braila Public Utility Company, have an estimated total value to Hill of approximately €4.2 million ($6.1 million).
Only 52% of the Romanian population is connected to both water and wastewater systems and more than 71% of wastewater is not treated or is inadequately treated. After becoming a member of the European Union, Romania must comply with European Directive 98/83/EC which sets drinking water quality standards.
"We are proud to be a part of such an important public initiative," said Raouf S. Ghali, President of Hill's Project Management Group (International). "These programs will have a significant impact on the region's water quality and help the country comply with the European Directive," Ghali added.
Hill International, with 3,000 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at .
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Certain statements contained in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information contained in this press release, the matters set forth herein including, but not limited to, any projections of earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
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CONTACT: Hill International, Inc. John P. Paolin Vice President of Marketing and Corporate Communications (856) 810-6210 johnpaolin@hillintl.com The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608 dsullivan@equityny.com
