Turnkey Capital (PK) (USOTC:TKCI)
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The Keith Companies Begins Work on Texas Wind Power Project
IRVINE, Calif., May 12 /PRNewswire-FirstCall/ -- The Keith Companies, Inc. ,
an engineering and consulting services firm headquartered in Orange County,
California, announced that it has begun work in support of development of Phase
II of the Sweetwater Wind Power project near Sweetwater, Texas. Phase II of
the Sweetwater Project is a 91.5 megawatt (MW) addition to the existing 37 MW
wind farm utilizing 61 GE 1.5 MW wind turbines. Planning is currently underway
for the ultimate development of the 400 MW wind farm. At the completion of
Phase II, approximately 128 MW of the ultimate 400 MW will be completed.
Sweetwater Wind Power LLC is a joint development of DKRW, Babcock & Brown and
Catamount Energy Corporation. The Keith Companies' Energy & Industrial
Services group is providing Owner's Engineer Services. The Company's
participation on this second of several phases of the project is expected to
run through the remainder of 2004.
"This is an excellent opportunity to further expand our efforts in renewable
energy and asset management," said Aram Keith, Chairman and CEO of The Keith
Companies. "We have additional opportunities developing in wind, solar, and
woodwaste, as well as traditional energy projects, and we are encouraged by the
increasing level of interest in this area."
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, civil, and other industrial engineering services to
design and improve the efficiency and reliability of energy, process,
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, energy, and
processing facilities. For more information visit the Company's website at
http://www.keithco.com/.
About TKC Energy & Industrial Services
The Company's TKC Energy and Industrial Services group (TKC) provides total
energy & industrial solutions with a broad base of management services. TKC is
a multi-disciplined, full service engineering and management team providing
industrial and energy project life-cycle support. It supports power, process,
LNG/CNG, manufacturing, pharmaceutical, water and central energy facilities.
Experience includes natural gas, liquid and coal fuels, wind, biomass and other
renewable power generation technologies. Capabilities include initial
due-diligence, feasibility studies, design, construction management and plant
operations.
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,
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, the ongoing financing of public
works and infrastructure enhancements and refurbishment, our ability to attract
and retain employees, the demand for electricity and the impact on power
providers' plans for expanding generation facilities, continued incentives,
financing, and legislation supporting the development of alternative and
renewable energy projects increasing competition by foreign and domestic
companies, a downturn in the real estate market, risks inherent in doing
business outside the United States, including the difficulty of enforcing
contracts, political instability and foreign currency fluctuations and
potential exchange restrictions, 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.
For further information, please contact: Aram Keith, CEO of The Keith
Companies, Inc., +1-949-923-6001, or fax, +1-949-923-6026; or Investor
Relations, Tricia Ross of Financial Relations Board, +1-310-407-6540, for The
Keith Companies, Inc.
DATASOURCE: The Keith Companies, Inc.
CONTACT: Aram Keith, CEO of The Keith Companies, Inc., +1-949-923-6001,
fax, +1-949-923-6026; or Investor Relations, Tricia Ross of Financial
Relations Board, +1-310-407-6540, for The Keith Companies, Inc.
Web site: http://www.keithco.com/