Hill International to Move Listing to the New York Stock Exchange; New Ticker Symbol to be ``HIL''
11 Februar 2008 - 2:30PM
Business Wire
Hill International (Nasdaq:HINT), the global leader in managing
construction risk, announced today that it has received approval to
list its common stock on the New York Stock Exchange (NYSE). Hill
anticipates that shares of its common stock will begin trading on
the NYSE on February 22, 2008, under the ticker symbol �HIL�. Until
that time, Hill will continue to trade on the Nasdaq Global Market
under the symbol �HINT�. In addition, Irvin E. Richter, Hill�s
Chairman and Chief Executive Officer, and David L. Richter, Hill�s
President and Chief Operating Officer, are scheduled to ring the
NYSE Opening Bell that same morning, Friday, February 22, 2008, at
9:30 am ET. �Moving to the New York Stock Exchange is a major
milestone for our company,� said Irv Richter. �We expect that
trading on the NYSE will elevate our company�s standing within our
industry and the business community in general, as well as our
visibility among the investment community,� Richter added. �We look
forward to Hill International joining our family of listed
companies,� said Duncan L. Niederauer, Chief Executive Officer of
NYSE Euronext. �By choosing to list on the New York Stock Exchange,
the world�s largest and most liquid equities market, Hill and the
company�s shareholders will benefit from our superior market
quality as well as our global reach and brand leadership,� added
Niederauer. Hill International, with 1,600 employees in 70 offices
worldwide, provides program management, project management,
construction management, and construction claims services.
Engineering News-Record magazine recently ranked Hill as the 10th
largest construction management firm in the United States. For more
information on Hill, please visit our website at www.hillintl.com.
This press release may include certain statements that fall within
the definition of �forward-looking statements� under the Private
Securities Litigation Reform Act of 1995. Any such statements are
subject to risks and uncertainties, overall economic and market
conditions, competitors� and clients� actions, and other
conditions, which could cause actual results to differ materially
from those anticipated, including those risks identified in Hill�s
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. Any
prediction by Hill is only a statement of management�s belief at
the time the prediction is made. There can be no assurance that any
prediction once made will continue thereafter to reflect
management�s belief, and Hill does not undertake to update publicly
its predictions, whether as a result of new information, future
events or otherwise. (HINT-G)
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