September 30, 2008
Schuff Steel-Midwest Division Expands With New Chicago Office and Recent Hospital Contract
Schuff Steel-Midwest Division expands its operations and opens a new office in Chicago, IL. Schuff Steel-Midwest Division currently has offices in Overland Park, KS, and Denver, CO. The company is part of Schuff International, Inc. (OTC: SHFK), a family of companies providing fully integrated steel construction services. Schuff International is the largest steel fabrication and erection company in the United States.
In addition, Schuff Steel-Midwest Division was awarded a steel fabrication and erection contract to build Silver Cross Replacement Hospital in New Lenox, IL, outside of Chicago. The six-story hospital will include over 4,000 tons of structural steel and will be fabricated in Schuff's Ottawa, KS, plant.
"To better serve our Midwest customers and grow our operations, we determined the timing was right to open an office in Chicago. We are also excited about our recent contract at Silver Cross Hospital," said Scott Schuff, president and CEO of Schuff International, Inc. "Schuff has been involved with Silver Cross in a design assist capacity since January 2008. We were selected for the project based on our hospital experience and our design/build services."
"Schuff has among the most advanced design/build departments in the steel industry. Through early involvement on a project in the preconstruction phase, Schuff is instrumental in lowering construction costs through design assist and value engineering. Design/build services can save clients money and often result in a more favorable construction schedule. The value design/build can bring to a project is especially beneficial with tightening project budgets," said Schuff.
Schuff Steel-Midwest Division's Chicago, IL, office is located in the John Hancock Center, 875 N. Michigan Avenue, Suite 3100.
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 1,900 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 of design-assist services to save money or improve construction schedules; 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.