HOLLYWOOD, FL — (Marketwired) — 10/31/13 — NV5 Holdings, Inc. (the “Company”) (NASDAQ: NVEE) (NASDAQ: NVEEW), a provider of professional and technical engineering and consulting solutions, announced that the project fees to provide Quality Assurance and Construction Materials Testing services for the Terminal 4 Gate Replacement and Eastern Expansion Project at the Fort Lauderdale-Hollywood International Airport were increased to $3.3 million.
The increased project fees, which were originally $2.7 million, resulted from an additional work authorization to the construction program manager. NV5–s Quality Assurance and Construction Materials Testing services include materials testing, density testing, concrete testing, and other special testing of the contractors– work for the project, which involves capital improvements to the Fort Lauderdale-Hollywood International Airport.
The Broward County Commission passed an amendment on October 1, 2013 approving the additional funds for the project. NV5–s work is on-going and scheduled to be completed by October 2017.
NV5 Holdings, Inc. (NASDAQ: NVEE) (NASDAQ: NVEEW) 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 22 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 . Also visit the Company on , , , and .
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.
NV5 Holdings, Inc.
Richard Tong
Tel 1-954-495-2114
Liolios Group, Inc.
Cody Slach
Tel 1-949-574-3860