MARLTON, N.J. and PHILADELPHIA, April 8, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Temple University to provide construction management services in connection with a new $180 million research library building on the university's campus in Philadelphia, Pennsylvania. The three-and-a-half-year contract has an estimated value to Hill of approximately $5.0 million.
The four-story, 350,000-square-foot facility is expected to become a focal point for Temple students and faculty, and for the North Philadelphia community. The new library building, which will house Temple's 1.5-million-volume collection, will be transformative for Temple as a community of scholars and for North Philadelphia by providing community space and life-long learning opportunities for area residents.
Hill will be assisted on this assignment by principal subconsultants Canuso Jorden and McKissack & McKissack."We are excited to have been selected by Temple for this important campus project," said Michael V. Griffin, P.E., Senior Vice President and Mid-Atlantic Regional Manager for Hill's Project Management Group. "We look forward to helping the university make their new library project a successful one," added Griffin. Hill International, with 3,700 employees in 100 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 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 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 are set forth in the Risk Factors section and elsewhere 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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