Featured Article: (FIGI.OB)

July 13, 2010

Fortress International Group, Inc. (FIGI.OB)

Fortress International Group, Inc., a provider of consulting and engineering, construction management and site services, recently announced that the company has secured approximately $44.0 million in new contracts for the six months ended June 30, 2010. These new contracts represent a one year increase of roughly 300 percent compared with $15.0 million in new contracts for the same time period in 2009.

Their technology consulting business secured $12.4 million in new contracts; the construction management division secured $25.1 million in new business; and the facility management division secured $6.2 million in new contracts.

Thomas P. Rosato, chief executive officer, stated, “The sharp increase in our bookings is a strong indication of the recovering data center market, our solid repeat business and the strength of our business model as a full service provider. In addition to new contracts, we are attracting considerable repeat business from premier customers such as Power Loft, SAIC, Home Depot, US Army Corps of Engineers, as well as our three Fortune 500 IT-based customers and the NIH.” Rosato said, “Overall, our new business bookings are trending favorably and tracking closely with the growing data center market. As we continue to convert our backlog to revenue, we expect to generate continued strong sales through the balance of 2010 that outpace our performance in 2009.”

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