Turnkey Capital (PK) (USOTC:TKCI)
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The Keith Companies Awarded Infrastructure Contract for New Model
Colony
IRVINE, Calif., June 1 /PRNewswire-FirstCall/ -- The Keith Companies, Inc.
(NASDAQ:TKCI), an engineering and consulting services firm headquartered in
Orange County, California, announced the award of a multi-million dollar
contract from NMC Builders, LLC (NMC) for the engineering design, program
management and construction management of the New Model Colony Backbone
Infrastructure Facilities -- Eastern Portion located in Ontario, California.
These facilities will include approximately 34 miles of arterial streets, water
and recycled water mains, sewers, storm drains, and dry utilities. NMC is a
consortium of 15 land developers and home builders working together in
conjunction with the City of Ontario to implement the construction of the
underlying public works infrastructure. The initial contract authorization of
approximately $3 million is the first portion of over $17 million in expected
work for the company. For NMC, design and construction of the supporting
infrastructure is paramount to allowing the various homebuilders to
individually begin building homes.
"I'm excited about bringing these 15 builders and an impressive and highly
qualified team of consultants together to design and oversee construction of
the needed infrastructure and amenities for this portion of the city of Ontario
and for the local community," said Darren McCleve of Lewis Companies, the
administrative member of NMC.
New Model Colony is comprised of approximately 7,676 acres consisting of 30
planning areas located in Ontario, California. The Keith Companies (TKC) team
will provide professional engineering and consulting services for the backbone
infrastructure on the eastern portion of the project (approximately 3,500
acres) which includes over 12 of the 30 areas. The ultimate uses of these
historical dairy farmlands include homes, commercial buildings, business parks,
recreational facilities, golf facilities, government buildings, schools, parks,
and other amenities.
Aram H. Keith, Chairman and CEO of The Keith Companies, stated, "This is
exactly the kind of project we love to do. It is rewarding to be in on a
project at the outset, especially a project of this size and with its multiple
uses."
About The Keith Companies
The Keith Companies, Inc. is a fully integrated, multi-disciplined engineering
and consulting services company, with offices located throughout the Western
and Midwestern United States. The Keith Companies' professionals provide a
wide spectrum of skilled resources including land planning, engineering,
surveying, mapping, environmental studies, and water and cultural resources
that are needed to effectively plan, engineer, and design state-of- the-art
private and public facilities. Additionally, the Company provides mechanical,
electrical, chemical, power/energy engineering, and other industrial
engineering services to design and improve the efficiency and reliability of
automated and manufacturing processes, production lines, and fire protection
systems. The Keith Companies benefits from a diverse public and private client
base varying from residential and commercial real estate projects to
institutional, manufacturing, and processing facilities. For more information
visit the Company's website at http://www.keithco.com/.
Certain statements in this news release may include forward-looking statements
that express our expectation, prediction, belief, or projection. These
statements involve known and unknown risks, uncertainties, and other factors
that may cause the actual results, performance, and achievement of The Keith
Companies to be materially and adversely different from any future results,
performance, or achievement expressed or implied by these forward- looking
statements. Factors that may cause actual results to differ from the
forward-looking statements contained in this release and that may affect the
Company's prospects in general include, but are not limited to: changes in the
economic growth in the United States (especially in California) and other major
international economies, our ability to sustain our growth and profitability,
the ongoing funding and need for large scale infrastructure enhancements, a
downturn in the real estate market, the ongoing financing of public works and
infrastructure enhancements and refurbishment, the impacts of our announced
merger with Stantec, our ability to implement our acquisition strategy and to
successfully close and integrate acquired companies on a timely and
cost-effective basis, changes in the carrying value of our goodwill and other
long-term assets, our failure to accurately estimate costs on fixed- price
contracts or contracts with not-to-exceed provisions, the uncertain timing of
awards and contracts, the ability to maintain acquired companies' profit
margins and/or client base, outcomes of pending and future litigation, our
ability to attract and retain employees, increasing competition by other
companies, the short- and long-term impact of terrorist activities and
resulting political and military policies, and other factors as are described
in the Company's filings with the Securities and Exchange Commission. The
forward-looking information set forth in this press release is as of the date
indicated above and we undertake no duty to update this information.
Contact Information:
The Keith Companies, Inc. Financial Relations Board
19 Technology Drive Tricia Ross
Irvine, CA 92618 Investor Relations
(949) 923-6001 (310) 407-6540
(949) 923-6026 Fax
http://www.keithco.com/
Contact: Aram Keith
CEO and Chairman of the Board
DATASOURCE: The Keith Companies, Inc.
CONTACT: Aram Keith, CEO and Chairman of the Board of The Keith
Companies, Inc., +1-949-923-6001, or Fax, +1-949-923-6026; or Tricia Ross,
Investor Relations, of Financial Relations Board, +1-310-407-6540, for The
Keith Companies, Inc.
Web site: http://www.keithco.com/