Fortress International Group Inc announces receipt of multiple contracts

Tue. December 16, 2008; Posted: 10:26 AM

Dec 16, 2008 (M2 EQUITYBITES via COMTEX) -- FIGIU | Quote | Chart | News | PowerRating -- Fortress International Group Inc (NasdaqCM: FIGI), a provider of services for planning, design, development and maintenance of facilities and information infrastructure, revealed yesterday (16 December) that it has been awarded with contracts totalling USD17m. A Rubicon Services, a subsidiary of the company, signed construction management contracts with a new collocation provider customer to build and renovate two data centre sites in Miami and North Jersey. Three other contracts valued at around USD1.5m, have been separately awarded to Rubicon to provide mechanical and electrical upgrades to a national telecommunications company's data centre site in Northern New Jersey. The projects are funded and are to begin immediately. A Total Site Solutions, another subsidiary was awarded two separate contracts, through the Army Corps of Engineers together with a minority company teaming partner, amounting to USD2m, to provide design and construction services to upgrade different classified facilities. The subsidiary received another annual staffing and maintenance contract for a data centre in Orlando, Florida, to which Fortress had provided design and retrofit services previously and will now provide on site engineers to manage the facility, besides services to maintain the facility infrastructure equipment. This annual contract is around USD825,000 and is expected to rise with occupancy increase.

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