MARLTON, N.J. and RIO DE JANEIRO, Brazil, April 22, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its subsidiary Engineering S.A. has received a contract from MRP International to provide construction monitoring and procurement advisory services in connection with the Trump Towers Rio commercial development in Rio de Janeiro, Brazil. The 5-year contract has an estimated value to Hill of approximately R$7.0 million ($3.5 million).
Trump Towers Rio will be a complex of five AAA 150-meter-high skyscrapers, each with 38 floors, and will have a total built-up area including commercial and underground space of about 450,000 square meters (4.8 million square feet). The project is being developed in Porto Maravilha ("Marvelous Port"), the port region adjacent to the commercial center of Rio de Janeiro. It is the first project to bear the Trump name in Brazil. For more information on the development, please visit its website at www.trumptowersrio.com .
"We are honored to be involved in such an ambitious commercial development and we look forward to working with our client to make it a successful project," said Henrique de Aragao, Director of Engineering S.A.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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