Fortress International Group, Inc. Announces Expiration of Warrants
July 09 2009 - 3:30PM
Marketwired
Fortress International Group, Inc. (NASDAQ: FIGI) (NASDAQ: FIGIU)
("Fortress"), a leading provider of consulting and engineering,
construction management and 24/7/365 site services for
mission-critical facilities, today announced that the Company's
publicly traded warrants (NASDAQ: FIGIW) will expire Monday, July
13, 2009 at 5:00 p.m., Eastern Time, in accordance with the terms
of the warrants. The warrants were originally issued in connection
with the Company's initial public offering in 2005, and prior to
expiration each warrant was exercisable for the purchase of one
share of common stock at $5.00 per share. There are approximately
15.7 million warrants to purchase common stock outstanding as of
July 9, 2009.
About Fortress International Group, Inc.:
Fortress International Group, Inc. is leading mission-critical
facilities into a new era of maximum uptime and efficiency. By
combining the knowledge and experience of Total Site Solutions and
Rubicon Professional Services, two experts in critical facilities
infrastructure, Fortress provides consulting and engineering,
construction management and 24/7/365 site services for the world's
most technology dependent organizations. Serving as a trusted
advisor, Fortress delivers the strategic guidance and pre-planning
that makes every stage of the critical facility lifecycle more
efficient. For those who own, lease or manage mission-critical
facilities, Fortress provides innovative end-to-end capital
management, energy, IT strategy, procurement, design, construction,
implementation and operations solutions that optimize performance
and reduce cost. Fortress International Group, Inc. -- setting a
new standard for the optimized critical facility.
Fortress International Group, Inc. is headquartered in Maryland,
with offices throughout the U.S. For more information, visit:
www.FortressInternationalGroup.com or call 888-321-4877.
FORWARD-LOOKING STATEMENTS
This document may contain "forward-looking statements" -- that
is, statements related to future -- not past -- events, plans, and
prospects. In this context, forward-looking statements may address
matters such as our expected future business and financial
performance, and often contain words such as "guidance," "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "should,"
or "will." Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. Particular
uncertainties that could adversely or positively affect the
company's future results include: the company's reliance on a
significant portion of its revenues from a limited number of
customers; the uncertainty as to whether the company can replace
its declining backlog; risks involved in properly managing complex
projects; risks relating to revenues under customer contracts, many
of which can be canceled on short notice; risks related to the
implementation of the company's strategic plan, including the
ability to make acquisitions and the performance and future
integration of acquired businesses; and other risks and
uncertainties disclosed in the company's filings with the
Securities and Exchange Commission. These uncertainties may cause
the company's actual future results to be materially different than
those expressed in the company's forward-looking statements. The
company does not undertake to update its forward-looking
statements.
Company Contact: Thomas P. Rosato Chief Executive Officer
Fortress International Group, Inc. Phone: (410) 423-7438 Investor
Relations: Kristen McNally The Piacente Group, Inc. Phone: (212)
481-2050 figi@tpg-ir.com
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