| [August 23, 2005] |
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Underground Solutions' Technologies Selected by Clay County Florida and Disney World; UGSI Establishing First Company-Owned Service Center in Orlando and Plans for Additional Regional Centers Over Next Six Months
PITTSBURGH --(Business Wire)-- Aug. 23, 2005 -- Underground Solutions, Inc. (Pink Sheets:UGSI) announced today that the Company will supply its patent pending Fusible C-900 and Fusible C-905 piping systems to Clay County, Florida. This contract for 22,000 lineal feet of C-900 and C-905 piping systems will be utilized by the county to install via horizontal directional drilling, potable water, reclaimed water and wastewater lines. This represents the largest single contract for Fusible C-900 and Fusible C-905 to date.
Underground Solutions also announced a contract to supply its Fusible C-900 piping system to Disney World. They will be utilizing the Company's patent-pending technologies to install new drinking water, reclaimed water and wastewater pipes underground utilizing horizontal directional drilling methods which allow the gasketless Fusible C-900 to be installed without digging and disturbing the surface area.
The Company has completed numerous installations of its Fusible C-900 and Fusible C-905 piping systems throughout Florida. The major municipalities in Florida that have completed Fusible projects include: Jacksonville Electric Authority (8 projects); Gainesville (3 projects); Cape Canaveral (2 projects); Clay County (2 prior projects); Eustis (2 projects); Disney World (1 project - Sept '05); Winter Park (1 project) and Center Hill (1 project), Cocoa Beach (1 project - Oct '05). Several additional Florida municipalities are working with Underground Solutions on future Fusible PVC and Duraliner projects that are currently in the planning and design stages.
Underground Solutions will be establishing the Company's first "company-owned" Technical Service Center within the next several weeks in the Orlando, Florida area. This facility, which will be the prototype for additional regional Technical Sales/Service Centers that the Company intends to establish in key markets across the United States over the next 6 months, will include UGSI technical sales and support personnel and specialized equipment. These are being established in order to assist Underground Solutions' customers and Certified Contractors in the sales and installation of the Company's complete line of proprietary infrastructure systems, including Duraliner, Fusible C-900 and Fusible C-905. With the opening of our Technical Service Center in Orlando UGSI will have available in stock within the Southeast, an inventory of over $500,000 of our Fusible PVC products ready for immediate delivery to our customer's jobsite.
Mark Smith, UGSI's President & CEO stated, "After 5 long years of developing our technologies and introducing them to the water infrastructure industry, Underground Solutions is now positioned to systematically establish a physical presence and grow our business nationally. Our Orlando, Florida based Technical Sales/Service Center will be the first of many 'company-owned' centers and our plan is to successfully integrate our centers with strong partners throughout the United States and around the world."
Underground Solutions is a full service infrastructure management and trenchless pipeline rehabilitation company. The Company has developed and continues to develop unique and proprietary technologies focused exclusively on the underground infrastructure rehabilitation/replacement industry.
UGSI's products developed and successfully introduced into the market to date include Duraliner(TM), Fusible C-900(TM), Fusible C-905(TM) and Fusible PVC(TM).
Fusible C-900(TM), Fusible C-905(TM) and Fusible PVC(TM) are NSF-61 certified and cover a full range of piping diameters from 3 inch to 48 inch to provide the only available method of installing a continuous, monolithic, gasket-free PVC pipe or conduit capable of being used in numerous trenchless (no-dig) or conventional "open-cut" applications. Applications for this revolutionary technology cover every aspect of piping installations including both pressure and non-pressure situations in the water, sewer, electrical, industrial and telecommunications industries.
Duraliner(TM) is a unique patented process which allows the Company to rehabilitate deteriorated water lines and other pressure pipes with minimal excavation. It is the only pipeline renewal system resulting in a "stand alone" structural lining capable of handling internal minimum operating pressures of 150 psi. Duraliner(TM) conforms to NSF 61 Standards for Drinking Water Components/Health Effects and has a design life exceeding 100 years.
Certain statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company's products by its customers. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.
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