Sterling Construction Company, Inc. is Apparent Low Bidder on a $20.3 Million Highway Project in Collin County, Texas
HOUSTON-(Business Wire)-September 11, 2009 - Sterling Construction Company, Inc. (NasdaqGS: STRL), ("Sterling" or the "Company") today announced that its subsidiary, Texas Sterling Construction Co., was the apparent low bidder on a $20.3 million construction project in Collin County, Texas which is northeast of Dallas. Project construction is expected to begin in the fourth quarter of 2009 and be completed in the summer of 2011. The scope of the project consists of converting a 2-mile section of asphalt highway into a 4-lane concrete, divided highway and includes the construction of a bridge and installation of 5,000 feet of storm sewer.
Sterling is a leading heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure in large and growing markets in Texas and Nevada. Its transportation infrastructure projects include highways, roads, bridges and light rail and its water infrastructure projects include water, wastewater and storm drainage systems.
This press release includes 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, including overall economic and market conditions, competitors' and customers' actions, and weather conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in the Company's filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by the Company 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 the Company does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
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