NORWALK, CONNECTICUT, March 13, 2008 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses globally, announced that its Viox Services, Inc. subsidiary in Cincinnati, Ohio has been awarded a contract to continue providing integrated facilities management services to Fifth Third Bancorp for its 1,232 full-service banking centers across the country. Viox has been providing all of the company's facilities services since 2004 - the new contract extends the relationship through 2011.
Viox will continue to provide all routine daily repair and maintenance management activities at Fifth Third's facilities as well as utility management and related project services. The Company's contract with Fifth Third has allowed the bank to significantly reduce costs over the course of the relationship as well as to centralize and standardize the work request process, financial reporting, key performance measures, service-level agreements, and operating procedures.
"We are proud to have continually delivered effective and technologically innovative solutions to Fifth Third Bank through strategic sourcing, implementation and operation as well as leveraging of our purchasing power, resulting in greater efficiencies and value. We look forward to continuing to build upon this successful relationship for many years into the future," said Mike Viox, President of Viox Services.
A Fortune 500 company with over $5.9 billion in annual revenues, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating and maintaining the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security and power generation systems---in virtually every sector of the economy and for a diverse range of businesses around the world. EMCOR represents a rare combination of global reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide. The 29,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst America's "Most Admired" and "Best Performing." EMCOR's diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company's strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management's perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, project mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2006 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2007, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
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