MARLTON, N.J. and IRVINE, Calif., June 2, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that it has received an amendment from the Metro Gold Line Foothill Extension Construction Authority in connection with its contract to provide program management services on Phases 2A and 2B of the $1.9 billion Metro Gold Line Foothill Extension light rail project, an approximately 23.8 mile extension of the Los Angeles Metro's Gold Line from Pasadena to Montclair. The one-year contract amendment has an estimated value to Hill of approximately $8.0 million.
"We are grateful to our client for their continuing confidence in Hill as program manager of this award-winning infrastructure project," said John K. Skoury, P.E., Senior Vice President in charge of Hill's rail and transit practice in California.
Hill International, with 4,200 employees in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the 9th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com .
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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 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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Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (856) 810-6210 The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608
