The SFWMD projects, part of the Everglades Construction Program, are intended to improve the conveyance of water through farmland, as well as to improve the flow of water through the existing canal system. The remediation of the Warren County PCB Landfill will include excavation, thermal treatment and base catalyzed decomposition of the PCB materials found at this highly sensitive site.
Anthony J. DeLuca, chief executive officer and president of The IT Group, said, "These contacts further validate our strategy to maintain our core strengths in environmental engineering and remedial construction, while diversifying into watershed restoration."
The IT Group, Inc. is a leading provider of consulting, engineering and construction, infrastructure, water, facility and environmental management services. IT Corporation is a wholly owned subsidiary of The IT Group. Additional information about The IT Group can be found on the Internet at www.theitgroup.com. The IT Group's common stock and depositary shares are traded on the New York Stock Exchange under the symbols ITX and ITXpr, respectively.
Statements regarding the intentions, beliefs, expectations or predictions of The IT Group and its management, including, but not limited to, those statements denoted by the words "anticipate," "believe," "expect," "should," and similar expressions (including "confidence") are forward-looking statements that reflect the current views of The IT Group and its management about future events and are subject to certain risks, uncertainties and assumptions. Actual results could differ materially from those projected in such forward-looking statements as a result of a number of factors, including, but not limited to, competition and pricing pressures, bidding opportunities and success, project results, funding of backlog and industry-wide factors.