June 6, 2007
International Power Group Announces Consulting and Engineering Services Agreement With DMJM Harris
International Power Group, Ltd. (OTCBB: IPWG), a global alternative energy solutions company, today announced the consummation of an engineering services agreement with DMJM Harris, Inc. (DMJM Harris), a flagship subsidiary of AECOM Technology Corporation (NYSE: ACM). Under the agreement, DMJM Harris will provide services ranging from project planning and permitting to engineering and design development for International Power's various waste management and power generation projects.
International Power's Chief Executive Officer (CEO), Peter Toscano, stated, "We are pleased to have an established company such as DMJM Harris, with its vast knowledge and expertise concerning the waste-to-energy business, on our team. Our new relationship with DMJM Harris is a key element in our quest to become the leader in the waste-to-energy business."
DMJM Harris is a 75-year-old company that is a part of the AECOM Technology Corporation group. It is headquartered in New York and Los Angeles, and has more than 2,200 engineers, planners and construction managers around the world. Its Energy Infrastructure division is an international leader in delivering efficient, economical and environmentally friendly energy facilities, and offers power facility owners a full array of integrated design, engineering, procurement and construction services. For more information about DMJM Harris visit its web site at http://www.dmjmharris.com.
AECOM is a leading global provider of professional technical and management support services for government and commercial clients around the world. It provides services through its global network of approximately 28,000 employees in more than 60 countries to a broad range of end markets, including the transportation, facilities and environmental markets. For more information about AECOM Technology Corporation, visit its web site at http://www.aecom.com.
For more information about International Power, visit its web site at http://www.international-power.com.
About International Power Group, Ltd.
International Power Group, Ltd. (the "Company") is dedicated to providing multifaceted alternative energy solutions in a sustainable and environmentally friendly manner. Through its subsidiaries, strategically placed around the world, and its strategic partnerships, the Company intends to provide turnkey solutions for waste disposal and electricity and potable water production. The Company intends to establish waste-to-energy facilities to convert commercial, hazardous, organic and toxic wastes into saleable electricity and potable water. The Company believes it is uniquely positioned to produce revenue from the in processing of waste and the out-processing of electricity and while addressing the growing need for "green" sources of energy.
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FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. For a discussion of such risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-KSB, as amended, for the most recently ended fiscal year. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe,""expect,""intend,""anticipate,""estimate,""project," or similar expressions. These forward looking statements include the statement that the Company believes that its new relationship with DMJM Harris is just one of a number of strategic relationships it is in the process of establishing that should eliminate any doubts about the Company's ability to construct and operate waste-to-energy plants around the world and that its waste-to-energy facilities will be some of the most efficient in the world, meet the most stringent environmental standards, and employ the most advanced emissions monitoring and control equipment available. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.