HOLLYWOOD, FL -- (Marketwired) -- 05/04/16 --
NV5 Global, Inc. (the "Company" or "NV5")
(NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has received approximately $5 million in new fees from two longtime Infrastructure clients in the West. In the City of Manteca, CA, NV5 will be providing design and construction management services for Phase I of the Family Entertainment Zone Center, a new $25 million construction project in the Central Valley city that will include a hotel, convention center, water park, and several sports fields. And in Colorado Springs, CO, NV5 will continue to provide Capital Program Management services, including construction oversight services, to the City, which has been a client since 2005.
"Our combined contract history with the City of Manteca and the City of Colorado Springs exceeds $30 million and our new contract for the Family Entertainment Zone in particular drives home the importance of our ability to provide even our most longstanding clients new, cutting-edge services that have become part of NV5's practice through strategic acquisitions and the resulting expansion of our service verticals," said Dickerson Wright, PE, Chairman and CEO of NV5.
Dave Richard, PE, NV5 Project Manager for the City of Manteca, added, "Our talented professional engineers Steve Walters and Andy Mantell are at the forefront of the cross-selling efforts we are making in the Infrastructure and Civil Program Management verticals at NV5 and they were able to successfully communicate the value added to our client through a multidisciplinary approach to the Family Entertainment Zone project. We have been providing water and wastewater services to the City of Manteca for 25 years and we are proud to also now count the City among our program management clients."
Regarding NV5's ongoing work in the City of Colorado Springs, NV5 Senior Project Manager Clyde Pikkaraine, PE, said, "The suite of services we have been providing to the City for more than a decade includes program management for PPRTA road projects, bridge inspection, storm water projects inspection, and program management for street repair projects. We are really pleased to be working closely again with the City in 2016 to enhance the infrastructure in its communities."
About The City of Colorado Springs
Colorado Springs is the most expansive municipality in the state of Colorado, covering almost 200 square miles of land. It is also one of the most populous cities in Colorado, second only to its Northern neighbor, Denver, and boasts a rapidly growing population of about 440,000 people. The City is uniquely situated at the base of one of America's most beloved mountains, Pike's Peak, and has frequented lists of "Best Places to Live" in America published by magazines such as Money and websites such as Zillow and MSNBC due to its beauty, livability, and commitment to attracting high-tech jobs.
About The City of Manteca
Manteca is located in California'sCentral Valley with a population of approximately 70,000 people and a geographic footprint of approximately 20 square miles. Located between the larger neighboring cities of Stockton and Modesto, Manteca's economic roots have historically been linked to agriculture, although the City has become a popular residential destination for San Francisco Bay Area commuters. Manteca is widely known as the annual site of the largest commemoration event for veterans on the West Coast, the Not Forgotten Memorial Day Weekend gathering.
NV5 Global, Inc.(NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure, engineering and support services, energy, program management, and environmental solutions. The Company operates 53 offices in 21 states nationwide, and is headquartered in Hollywood, Florida. For additional information, please visit the Company's website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
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. 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 in this news release. Such factors include: (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. 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, except as required by law.
NV5 Global, Inc.
Lauren Wright, PhD
Director of Investor Relations
Source: NV5 Global, Inc.