MARLTON, N.J. and CHICAGO, March 25, 2011 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the Regional Transportation Authority (RTA) to provide project management oversight (PMO) services.
"Hill is a leader in providing PMO services, especially on transportation and infrastructure projects," said Thomas J. Spearing III, President of Hill's Project Management Group (Americas). "We are honored that the RTA has selected Hill for this important assignment," Spearing added.
The RTA is the third largest public transportation system in North America, providing more than two million rides a day throughout six counties. The primary responsibilities of the RTA include providing funding, planning and coordination oversight for the Chicago Transit Authority, the Metra commuter rail system and the Pace suburban bus system that also provides paratransit service. With over 35 years of reliable and convenient service, the RTA has grown to become an integral part of residential and business communities throughout northeastern Illinois. For more information on the RTA, please visit their website at .
Hill International, with 3,000 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at .
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Certain statements contained in this press release 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 contained in this press release, the matters set forth herein including, but not limited to, any projections of 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, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth 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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