September 19, 2008
Schuff Steel Company Reaches Construction Milestone on Glendale Spring Training Facility for the Los Angeles Dodgers and the Chicago White Sox
Schuff Steel Company reached a major construction milestone at the Glendale Spring Training Facility, new home of Los Angeles Dodgers and the Chicago White Sox, as the steel erector placed the last major piece of steel on the project--a pedestrian bridge connecting the skybox with the ticket office. Officials from the cities of Glendale and Phoenix; Mortenson Construction, the general contractor; and project ironworkers helped celebrate the event with a brief ceremony and lunch.
The event marks the end of major steel erection on the project. Schuff erected 1,100 tons of steel on the project, which includes a 10,000-seat stadium and 15 different buildings. Schuff Steel Company is part of Schuff International, Inc. (OTC: SHFK), a family of companies providing fully integrated steel construction services. Schuff International, Inc. is the largest steel fabrication and erection company in the United States.
Glendale Spring Training Facility is located in Phoenix at 10710 W. Camelback Road. The facility sits on 151 acres. In addition to the 10,000-seat stadium, other major elements of the project include 3,000 lawn seats, 12 practice fields (four major league and eight minor league), and 118,000 square feet of major and minor league clubhouses for the Dodgers and the White Sox. There will be enough parking to accommodate over 5,000 vehicles.
"Steel erection on the site is almost 100 percent complete as of today. Schuff was also responsible for fabricating all of the steel on the project. Approximately 25 percent of steel fabrication took place at Schuff's Arizona steel fabrication plants located throughout the state. The entire project is built with American recycled steel. The project went extremely smooth due to the skill of Arizona iron workers and Mortenson Construction, the general contractor on the project," said Ryan Schuff, president of Schuff Steel Company.
About Schuff International, Inc.
Schuff International, Inc. (OTC: SHFK) and its family of steel companies is the largest steel fabrication and erection company in the United States. The 32-year-old company is experiencing operative growth with major projects in progress throughout the country. Schuff offers integrated steel construction services from a single source. Professional services include design-build, design-assist, engineering, BIM participation, 3D steel modeling/detailing, fabrication, advanced field erection, joist and joist girder manufacturing, project management, and single-source steel management systems. Major market segments include industrial, public works, bridges, health care, gaming and hospitality, convention centers, stadiums, mixed-use and retail, transportation, and international projects. Schuff International, Inc., which is headquartered in Phoenix, AZ, owns and operates nine steel fabrication plants and two steel joist manufacturing plants. Companies include Schuff Steel Company, located in AZ, NV and CA; Schuff Steel-Midwest Division, located in Overland Park, KS, Ottawa, KS, Chicago, IL, and Denver, CO; Schuff Steel-Gulf Coast, Inc., located in Houston, TX; Schuff Steel-Atlantic, Inc., located in Orlando, FL, Albany, GA, and Atlanta, GA; Schuff Steel Management Company-Southwest, Inc., located in Gilbert, AZ; and Quincy Joist Company, located in Quincy, FL, and Buckeye, AZ. Schuff employs approximately 2,000 people throughout the country. For more information, visit www.schuff.com.
Certain statements in this news release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. These risks and uncertainties include, but are not limited to, the company's ability to successfully and timely complete construction projects; the company's ability to convert backlog into revenue; the potential delay, suspension, termination, or reduction in scope of a construction project; forecasted regional and end-market growth; the continuing validity of the underlying assumptions and estimates of total forecasted project revenues, costs and profits and project schedules; the outcomes of pending or future litigation, arbitration or other dispute resolution proceedings; the availability of borrowed funds on terms acceptable to the company; the ability to retain certain members of management; the ability to obtain surety bonds to secure its performance under certain construction contracts; possible labor disputes or work stoppages within the construction industry; the ability of project owners to obtain financing for projects; and actions taken or not taken by third parties, including the company's customers, suppliers, business partners, and competitors and legislative, regulatory, judicial and other governmental authorities and officials. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.