HOLLYWOOD, FL -- (Marketwired) -- 04/08/13 -- NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEEU), a leading provider of professional and technical engineering and consulting solutions, has been awarded a $6 million contract from the County of Merced in California to provide construction management services for the Atwater-Merced Expressway Project.
"NV5 was selected by Merced County based on its professional qualifications and key local expertise in transportation," said Dickerson Wright, CEO and Chairman of NV5.
The Atwater-Merced Expressway Project is a major transportation project in California's Central Valley region. The California Transportation Commission approved $52 million of funding for the project on March 5, 2013. The funds are mostly from bond money approved by Prop. 1B, also known as the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006. NV5's contract is scheduled to begin in July 2013 and continue to 2017.
About NV5 Holdings, Inc.
NV5 Holdings, Inc. (NASDAQ: NVEEU) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, construction, real estate and environmental markets. The Company primarily focuses on five business service verticals: construction quality assurance, infrastructure engineering, energy services, program management and environmental services. NV5 operates 20 offices in California, Colorado, Utah, Florida and New Jersey and is headquartered in Hollywood, Florida. For additional information, please visit the Company's website at www.NV5.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding creating a stronger platform upon which to further build the Company as the preferred, single-source provider of engineering and technical services, aligning the Company's employees, shareholders and strategic partners, and expanding the Company's market share both organically and through acquisition. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the "Risk Factors" set forth in the Company's most recent SEC filings, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2012. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.
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