TULSA, Okla., March 31, 2011 /PRNewswire/ -- Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix Service Inc. has been selected to build 1.95 million barrels of storage for SemCrude®, L.P., a subsidiary of SemGroup® Corporation, based in Oklahoma City, OK. Matrix Service Inc. will provide engineering, fabrication and construction associated with the storage tanks, which are being built as part of SemCrude's terminal expansion in Cushing, OK. The project is expected to be completed mid-year 2012.
"We are pleased to be selected to construct the aboveground storage tanks for this important client." said Michael J. Hall, Chairman of the Board for Matrix Service Company. "We are proud to continue our long-standing relationship with SemGroup and look forward to successfully completing this project."
About Matrix Service Company
Matrix Service Company provides engineering, fabrication, construction and repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries.The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities located in California, Illinois, Michigan, New Jersey, Oklahoma, Pennsylvania, Texas, and Washington in the U.S. and in Canada. This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the "Risk Factors" and "Forward Looking Statements" sections and elsewhere in the Company's reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.