Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that it has entered into an agreement with the Egyptian Natural Gas Holding Co. (EGAS) and the Egyptian Natural Gas Co. (GASCO), two subsidiaries of the Egyptian Ministry of Petroleum, pursuant to which they will form a new joint venture company that will provide project management services primarily on oil and gas projects throughout the Middle East and Africa. The new company, Hill International Petrol (Egypt) Ltd., will be owned 50% by Hill and 50% by the Ministry of Petroleum�s subsidiaries. �This new joint venture will allow Egypt to bring Hill�s project management resources and capabilities to projects throughout Egypt and the surrounding region, as well as to help develop a pipeline of work for Hill into the expanding oil and gas sector,� said Irvin E. Richter, Hill�s Chairman and Chief Executive Officer. �We believe that EGAS and GASCO are the ideal partners to help us make this new company successful as they will provide many of the technical resources necessary to help manage these projects,� Richter added. EGAS was established to organize and diligently handle the activities of the natural gas resources of Egypt in order to add value to the Egyptian economy. EGAS�s mission is to create a gas reserves base, establish natural gas infrastructure, and expand local energy markets utilizing natural gas. For more information on EGAS, please visit their website at www.egas.com.eg. GASCO is the operator of the natural gas transmission grid in Egypt, a 4,700-kilometer network of gas pipelines that connects producers and consumers of natural gas throughout Egypt. GASCO�s mission is to use state-of-the-art technologies in the construction, operation, management and maintenance of the gas grid as well as in gas processing and the extraction of gas valuable components. For more information on GASCO, please visit their website at www.gasco.com.eg. Hill International, with 1,500 employees in 70 offices worldwide, provides program management, project management, construction management, and construction claims services. Engineering News-Record magazine recently ranked Hill as the 10th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com. This press release may include certain statements that fall within the definition of �forward-looking statements� under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors� and clients� actions, and other conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill�s filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management�s belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management�s belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise. (HINT-G)
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