CORRECTING and REPLACING – Hill International Announces Update to Anticipated Closing Date of Construction Claims Group Sal...
March 23 2017 - 11:12AM
In a release issued under the same headline earlier today by Hill
International (NYSE:HIL), please note that an incorrect date
appeared at the end of the first paragraph. It should have
read "to close the transaction on April 30, 2017," not on March 31,
2017 as previously stated. The corrected release follows:
Hill
International (NYSE:HIL), the global leader in
managing construction risk, announced today that the sale of its
Construction Claims Group is now expected to occur on or about
April 30, 2017. The company had previously announced that it
expected that the closing of the sale would occur on March 31,
2017. While good progress continues to be made, it has been
agreed between the parties that further time will be required to
complete the necessary steps to close the transaction on April
30, 2017.
Hill International, with 4,300 professionals in
100 offices worldwide, provides program management, project
management, construction management, construction claims and other
consulting services primarily to the buildings, transportation,
environmental, energy and industrial
markets. Engineering News-Record magazine recently
ranked Hill as the eighth largest construction management firm in
the United States. For more information on Hill, please visit
our website at www.hillintl.com.
Certain statements contained herein 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, the
matters set forth herein including, but not limited to, any
statements concerning the closing of the sale of our Construction
Claims Group; any projections of revenues, 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 to differ materially from estimates or
projections contained in our forward-looking statements are set
forth in the Risk Factors section and elsewhere in the reports we
have filed with the Securities and Exchange Commission, including
that unfavorable global economic conditions may adversely impact
our business, our backlog may not be fully realized as revenue, our
expenses may be higher than anticipated, and the closing of the
sale of our Construction Claims Group may be delayed or
cancelled. We do not intend, and undertake no obligation, to
update any forward-looking statement.
Hill International, Inc.John P.
PaolinSenior Vice President of Marketing andCorporate
Communications(215) 309-7710johnpaolin@hillintl.com
The Equity Group Inc.Devin SullivanSenior Vice
President(212) 836-9608dsullivan@equityny.com
(HIL-G)