September 22, 2008
Schuff International, Inc. Listed on 2008 InformationWeek 500
Schuff International, Inc. (OTC: SHFK), a family of companies providing fully integrated steel construction services, has been listed on the 2008 InformationWeek 500 as one of the nation's most innovative users of information technology. Schuff is the only structural steel company that made the list.
"For 20 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue and establish a competitive advantage. We applaud this year's winners, and the CIOs and other executives whose ingenuity and risk taking are at the center of business technology innovation."
Schuff, the largest steel fabricator and erector in the United States, received the award for developing its own proprietary software for operations management and estimating.
Unique for a construction company, Schuff employs seven software developers.
"Because Schuff is both a steel erector and steel fabricator, there isn't a software product on the market that can efficiently deal with our business model or our growth. To increase building capacity while streamlining our business processes from fabrication through erection, we have made a substantial investment in technology," said Scott A. Schuff, president and CEO of Schuff International, Inc.
Schuff's proprietary software, Schuff Steel Integrated Management Systems (SSIMS), benefits customers as well as employees. "One of the greatest advantages of SSIMS is our ability to receive real-time information. SSIMS allows us to track every piece of steel used on a project. We can tell a customer if the steel is in fabrication, en route to the job site or if it has been erected. Schuff's estimating system has also increased efficiencies and precision. We can track different issues associated with each job, as well as costs," said Scott Hall, information systems applications manager, Schuff International, Inc.
"We are very pleased to be recognized as an InformationWeek 500 company. Technology has allowed Schuff the ability to construct technically challenging projects that would have been too cost and time prohibitive to build even five years ago. Technology has allowed us to expand the company more rapidly and increase our operating margin. It has enhanced project budgeting and scheduling. In addition, we can electronically interface with our construction and design partners through Building Information Models (BIM). Technology is a tremendous asset for our company," said Schuff.
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, healthcare, 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, 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.
About InformationWeek Business Technology Network
The InformationWeek Business Technology Network provides business technology executives with unique perspective, market leading research and innovative tools that work in lock step with their workflow--from defining and framing business technology objectives through to the evaluation and recommendation of specific solutions. The InformationWeek Business Technology Network delivers the entire market, from SMBs with bMighty.com to large-scale global companies with InformationWeek. We scale across the most critical technology categories in the market--security with DarkReading.com, storage with ByteandSwitch.com, application architecture with IntelligentEnterprise.com, network architecture with NetworkComputing.com and communications with NoJitter.com. Through its multimedia platform and unique content-in-context information distribution system, the InformationWeek Business Technology Network provides trusted information developed both by editors and real world CIO/IT professionals delivered how and when business technology executives want it, 24/7. (www.informationweek.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; 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.