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The Keith Companies, Inc. to Provide Services for Sonora LNG
Project
IRVINE, Calif., June 16 /PRNewswire-FirstCall/ -- The Keith Companies, Inc.
(NASDAQ:TKCI), an engineering and consulting services firm headquartered in
Orange County, California, announced today that it has been named as a
subcontractor for the Sonora Pacific LNG Project in Mexico. The Keith
Companies' subsidiary, Universal Energy, will provide Owner's Engineer Services
to Houston-based DKRW Energy, LLC, which recently unveiled plans for a
liquefied natural gas (LNG) terminal in northwestern Mexico. DKRW Energy,
through its wholly owned Sonora Pacific Liquefied Natural Gas subsidiary, has
signed a "cooperation agreement" with the state of Sonora to build a 1.3
billion cubic foot per day LNG regasification terminal at Puerto Libertad on
the Gulf of California. The project is designed to distribute gas in Sonora,
Sinaloa, Arizona and California.
"We are very pleased to expand our relationship with DKRW to include this
important multi-year project in the growing LNG industry," said CEO Aram Keith.
"This is also an excellent opportunity to further expand our presence
internationally. We continue to be optimistic about the long-term prospects
for our energy-related services, and we have additional opportunities
developing in wind, solar, and waste wood as well as traditional energy
projects."
The Company expects its services as Owner's Engineer for this project to begin
in the third quarter of 2004 and continue through commencement of commercial
operations in 2008. The services of the Owner's Engineer can include a variety
of tasks including ensuring that suppliers, contractors and other project
participants adhere to contract terms and conditions, amongst other things.
Additionally, the Owner's Engineer may perform or facilitate the performance of
a variety of activities on the Owner's behalf in order to meet financial and
regulatory requirements.
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, energy, and processing facilities. For more
information visit the Company's website at http://www.keithco.com/.
About TKC Energy & Industrial Services
The Keith Companies, Inc. (TKCI) provides total energy & industrial solutions
with a broad base of Management Services. TKC is a multi-disciplined, full
service engineering and management firm providing industrial and energy project
life-cycle support. TKC supports Power, Process, LNG/CNG, Manufacturing,
Pharmaceutical, Water and Central Energy facilities. The company's 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 (especially Brazil), 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, the long term prospects for a successful market in LNG
facilities, 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 other forms of
energy and the impact on power providers' plans for expanding generation
facilities, 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 Tricia Ross,
Investor Relations 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,
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/