NV5 Awarded $2.9 Million Contract by City of Bakersfield, California to Manage Final Phase of the West Side Parkway Project
June 26 2013 - 8:30AM
Marketwired
NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEEU), a provider of
professional and technical engineering and consulting solutions,
was awarded a $2.9 million contract by the City of Bakersfield,
California to provide construction management services for Phase 6
of the city's West Side Parkway Project.
The project involves completing the final two miles of the
Westside Parkway between Allen Road and the intersection of
Stockdale Highway and Heath Road.
"Our strong presence in the development of the Central Valley's
Transportation Infrastructure reflects the long and successful
relationship NV5 and its subsidiary, Nolte Associates, has enjoyed
with the City of Bakersfield," commented Dickerson Wright, CEO and
chairman of NV5. "We were selected to manage the final phase of
this project based on our well-established professional
qualifications and proven local expertise."
The California Transportation Commission approved $26 million in
funding for Phase 6 under the State Transportation Improvement
Program, which is administered by the Thomas Roads Improvement
Program. NV5's work on the project is scheduled to begin in July
and continue through March 2015.
About NV5 Holdings, Inc. NV5 Holdings,
Inc. (NASDAQ: NVEEU) is a provider of professional and technical
engineering and consulting solutions to public and private sector
clients in the infrastructure, energy, construction, real estate
and environmental markets. The Company primarily focuses on five
business service verticals: construction quality assurance,
infrastructure engineering, energy services, program management and
environmental services. NV5 Holdings operates 21 offices in
California, Colorado, Utah, Florida and New Jersey and is
headquartered in Hollywood, Florida. For additional information,
please visit the Company's website at www.NV5.com. Also visit the
Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking Statements This press
release contains "forward-looking statements" within the meaning of
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. The Company cautions that these
statements are qualified by important factors that could cause
actual results to differ materially from those reflected by the
forward-looking statements contained herein. Such factors include,
but are not limited to: (a) changes in demand from the local and
state government and private clients that we serve; (b) general
economic conditions, nationally and globally, and their effect on
the market for our services; (c) competitive pressures and trends
in our industry and our ability to successfully compete with our
competitors; (d) changes in laws, regulations, or policies; and (e)
the "Risk Factors" set forth in the Company's most recent SEC
filings. All forward-looking statements are based on information
available to the Company on the date hereof, and the Company
assumes no obligation to update such statements.
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Company Contact: NV5 Holdings, Inc. Richard Tong Tel
1-954-495-2112 Email Contact Investor Relations: Liolios
Group, Inc. Cody Slach Tel 1-949-574-3860 Email Contact
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