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 www.hillintl.com . The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733 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.
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