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KSW, Inc. Appoints John Cavanagh and Innis O'Rourke to Board of Directors
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01/16/2005
LONG ISLAND CITY, N.Y.--March 22, 2004--KSW, Inc. (NASDAQ) Electronic Bulletin Board: KSWW.OB).
The Company is pleased to announce that the Board of Directors of KSW, Inc. has appointed two widely respected business leaders as Interim Directors to fill vacant Board seats.
John A. Cavanagh was appointed as a Class I Director to serve until the Company's 2005 annual meeting. Mr. Cavanagh was formerly the Vice Chairman of AMEC Construction Management, Inc. (formerly known as Morse Diesel International), one of the largest construction management companies. He is the Chairman Emeritus of the Contractors' Association of Greater New York, a member of the Board of Directors of the New York Building Congress and a member of the City of New York Mayor's Construction Advisory Council.
Innis O'Rourke was appointed as a Class I Director to serve until the Company's 2004 annual meeting. Mr. O'Rourke was formerly a member of the Board of Directors of Greenpoint Savings Bank and the Board of Directors of JWP, Inc., a large construction and facilities management company. He serves as an Arbitrator for the New York Stock Exchange and is a consultant to the Village of Upper Brookville and its police department.
Chairman of the Board, Floyd Warkol, commented that: "Our Company will benefit greatly from these new Board members' business experience and financial acumen. I look forward to working with them for the benefit of our shareholders."
Safe Harbor Statement
Certain statements contained in this press release are not historical facts, and constitute "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward looking statements generally can be identified as statements that include phrases such as "believe", "expect", "anticipate", "intend", "plan", "foresee", "likely", "should", "will" or other similar words or phrases. Such forward-looking statements concerning management's expectations and other similar matters involve known and unknown risks, uncertainties and other important factors that could cause the actual results to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. Such risks, uncertainties, and other important factors that could cause actual results to differ materially from expectation of the Company include, among others, the outcome of the year-end audit and further internal review of the Company's historical financial statements. All written and oral forward-looking statements of or attributable to the Company or persons acting on behalf of the Company are qualified in their entirety by such factors. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based.
About KSW
KSW, Inc., through its wholly-owned subsidiary, KSW Mechanical Services, Inc., furnishes and installs heating, ventilating and air conditioning (HVAC) systems and process piping systems for institutional, industrial, commercial, high-rise residential and public works projects. KSW Mechanical Services, Inc. also acts as Trade Manager on larger construction projects, such as the New York Presbyterian Children's Hospital and Long Island Jewish Medical Center.
