Primoris Services Corporation Signs Contract to Install Underground Crude Oil Pipeline
14 10์ 2008 - 10:02PM
Business Wire
Primoris Services Corporation (NasdaqGM: PRIM; PRIMU; PRIMW)
(๏ฟฝPrimoris๏ฟฝ), one of the largest specialty contractors and
engineering companies in the Western United States, today announced
that it has signed a contract to install approximately 15,000 feet
of underground pipeline. Once completed, the pipeline will
transport crude oil from Long Beach to a refinery located in
Carson, California. This contract, which is scheduled to be
completed by April 2009, is expected to generate approximately
$11.8 million in revenue to Primoris. Brian Pratt, Primoris๏ฟฝs
Chairman, President, and CEO said, ๏ฟฝThis project reflects the type
of work performed by our Underground Group, which has been a
cornerstone of Primoris๏ฟฝs operations for over 60 years.๏ฟฝ About
Primoris Primoris, through various subsidiaries, is one of the
largest specialty contractors and engineering companies in the
Western United States, primarily serving the growing power and
energy sectors. Primoris provides a wide range of construction,
fabrication, maintenance and replacement services, as well as
engineering services to major public utilities, petrochemical
companies, energy companies, municipalities and other customers.
Primoris is also a leading water and wastewater contractor in the
state of Florida, and a specialist in designing and constructing
complex commercial and industrial concrete structures in
California. Forward-Looking Statements This press release contains
certain forward-looking statements, including with regard to
Primoris๏ฟฝs future performance. Words such as "estimated,"
"believes," "expects," "projects," and "future" or similar
expressions are intended to identify forward-looking statements.
Forward-looking statements inherently involve risks and
uncertainties, including without limitation, those described in
this press release and those detailed in the "Risk Factors" section
and other portions of Primoris๏ฟฝs filings with the Securities and
Exchange Commission. Primoris does not undertake any obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as may be required under applicable securities laws.
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