TRC Companies, Inc.
(NYSE: TRR) today announced that it has been awarded a five-year contract by the New Mexico State Office of the U.S. Bureau of Land Management (BLM) to provide archaeological and cultural resource services in New Mexico, Texas, Oklahoma and Kansas. If completely filled by task orders, the contract will be worth in excess of $5 million.
“We look forward to continuing our work with the New Mexico State Office of BLM,” said TRC Chairman and Chief Executive Officer Chris Vincze. “This contract award is representative of the quality of our services and the strong relationships we maintain with our customers.”
TRC’s archaeological experts will assist the BLM in complying with the National Historic Preservation Act when they undertake land development activities in the project area. TRC’s scope of work includes surveying and documentation of sites, testing of archaeological or historic remains found or previously known, data recovery to offset or mitigate negative effects on the cultural resources, and Native American consultation on Traditional Cultural Properties.
TRC creates and implements sophisticated and innovative solutions to the challenges facing America’s
markets. The Company also is a leading provider of engineering, consulting, and construction management services to commercial and government customers across the country. For more information, visit TRC’s website at
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial condition, or state other "forward-looking" information. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the availability and adequacy of insurance; the uncertainty of our operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments, including potential payments related to our ongoing IRS audit, if not resolved successfully; regulatory uncertainty; the availability of funding for government projects; the level of demand for our services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; and general political or economic conditions.
Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in our Annual Report on Form 10-K for the fiscal year ended June 30, 2009, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in our other filings with the Securities and Exchange Commission.