Hill International/Louis Berger Joint Venture to Manage Repairs of Earthquake
Damage to the Washington Monument
MARLTON, N.J. and WASHINGTON, Dec. 18, 2012 (GLOBE NEWSWIRE) -- Hill
International (NYSE:HIL), the global leader in managing construction risk,
announced today that its joint venture with The Louis Berger Group, Inc. has
received a contract from the National Park Service (NPS) to provide
construction management services in connection with the repair of earthquake
damage to the Washington Monument.
The Washington Monument is the most prominent structure in Washington, DC and
one of the city's earliest attractions. It was built in honor of George
Washington, who led the country to independence and then became its first
President. The Monument is shaped like an Egyptian obelisk, stands 555 feet, 5
1/8 inches tall, and offers views in excess of thirty miles. Construction of
the Monument was completed in 1884. Until the completion of the Eiffel Tower
in 1889, the Washington Monument was the tallest structure in the world.
The Monument was recently damaged as a result of a 5.8-magnitude earthquake
which occurred in Northern Virginia on August 23, 2011. It has been
temporarily closed since then in order to allow the NPS to assess and repair
all damage to the Monument.
"We are honored to be involved in the repair and restoration of such an iconic
national monument," said James E. Koch, Ph.D., P.E., LEED AP, F.SAME, Senior
Vice President and Director of Hill's Federal Services Group.
Hill International, with 3,400 employees in 110 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
The Hill International, Inc. logo is available at
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 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, 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.
CONTACT: Hill International, Inc.
John P. Paolin
Vice President of Marketing and Corporate Communications
The Equity Group Inc.
Senior Vice President
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