RANCHO CORDOVA, Calif.--(BUSINESS WIRE)--Falcon Technologies Incorporated (Pink Sheets:FLCN), a leader in design-build infrastructure services, is pleased to announce that it has been awarded approximately $1.5 million in new projects. This new business is comprised of various service and maintenance projects in Northern and Central California. In addition and as a result, the Company's backlog of projects is at a record high $15.5 million.
"We are pleased that our new and existing customers have shown confidence in our ability to provide a full service solution to their needs," commented Patrick Quarry, Vice-President of Business Development, Falcon Technologies, Inc. "Our backlog and pipeline of new business shows continuing growth throughout the foreseeable future."
The Company's opportunity log of projects, which consists of projects currently under review by the Company or for which the Company expects to submit a proposal, is approximately $65.0 million. The opportunity log is comprised of commercial and industrial projects throughout northern California, which if acquired, would represent revenue for the Company during the years ended December 31, 2008-2009.
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About Falcon Technologies Incorporated:
Falcon Technologies provides design-build services in the following infrastructure segments: Tel/Data Communications, Electrical, and Fire/Life Safety. The Company provides these services to the Commercial/Industrial Sector, Fortune 1000 company's, and Federal, State, and Local government. For more information please visit http://www.falconti.net.
Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements.
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