HOUSTON, Dec. 14, 2007 (PRIME NEWSWIRE) -- Orion Marine Group, Inc., a leading marine specialty contractor serving the heavy civil marine infrastructure, today requested from the Securities and Exchange Commission (SEC) acceleration of effectiveness of its Registration Statement of certain of its common stock on Form S-1, as most recently amended by Amendment No. 3 thereto, filed with the SEC on December 12, 2007.
Orion Marine Group, Inc. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast, the Atlantic Seaboard and the Caribbean Basin and acts as a singlesource turnkey solution for its customers' marine contracting needs. Its heavy civil marine construction services include marine transportation facility construction, dredging, repair and maintenance, bridge building, marine pipeline construction, as well as specialty services. Its specialty services include salvage, demolition, diving, surveying, towing and underwater inspection, excavation and repair. The Company is headquartered in Houston, Texas and has a 70-year legacy of successful operations.
The Orion Marine Group, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4539
The Registration Statement is not final and will not be so until declared effective. The information in the Registration Statement, and the Preliminary Prospectus included therein, is not complete and may be changed. These securities may not be sold pursuant to the Registration Statement or Preliminary Prospectus until the Registration Statement filed with the SEC is effective and the Preliminary Prospectus is finalized. The Registration Statement and the Preliminary Prospectus are not offers to sell these securities and are not solicitations of any offer to buy these securities in any state where the offer or sale is not permitted.
The Registration Statement (as amended by Amendment No. 3) including the Preliminary Prospectus may be viewed and obtained from the SEC's website, www.sec.gov.
The matters discussed in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as 'believes', 'expects', 'may', 'will', 'could', 'should', 'seeks', 'approximately', 'intends', 'plans', 'estimates', or 'anticipates', or the negative thereof or other comparable terminology, or by discussions or strategy, plans or intentions. In particular, any statements, expression or implied, concerning future operating results or ability to generate revenues, income or cash flow to service debt are forward-looking statements. Forward looking statements involve risk associated with the Company's fixed price contracts, dependence on government contracts and funding, bonding requirements and obligations, government regulation and fluctuations in quarterly operations. In light of these and other uncertainties, the inclusion of forward-looking statements in this new release should not be regarded as representation by the Company that the Company's plans and objectives will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this news release.