Fortress International Group (FIGI) Awarded $6 Million in New Contracts

September 3, 2008 9:17 AM EDT

Fortress International Group (Nasdaq: FIGI) has been awarded additional contracts with existing clients totaling more than $6 million of fast track projects.

A current customer has awarded Fortress additional phases of an existing construction management project to upgrade its mission-critical facility. The potential revenue from these additional project phases is estimated to initially be approximately $4.3 million and will be performed by Fortress' subsidiary Total Site Solutions. This is the third project performed for this customer over the past 18 months.

In addition, Fortress was awarded two major data center design projects with two separate existing customers totaling more than $1.7 million. One project is in the Southeast while the second project is in the Midwest. Both projects are anticipated to progress into negotiations for construction management and facilities management opportunities with the potential value of these future opportunities estimated to be in excess of $100 million.[SM]

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