SACRAMENTO, Calif., Jan. 23, 2014 (GLOBE NEWSWIRE) -- Intelligent Highway Solutions, Inc. (OTCQB:IHSI) announced that it has discussed IHSI's potential participation in providing infrastructure related services for the development team behind Sacramento, California's Entertainment & Sports Center Project (ESC).
The project includes a state-of-the-art entertainment and sports center with approximately 17,500 seats that will serve as the permanent home of the National Basketball Association's (NBA) Sacramento Kings and include the development of up to 1.5 million square feet of mixed use development (office, hotel, retail and residential) within the property formerly known as Downtown Plaza. The demolition of the site is scheduled to begin June, 2014, construction to begin Fall, 2014, completion of September 2016 and the Grand Opening October, 2016.
Devon Jones, CEO of Intelligent Highway Solutions, stated: "We have been in communication with the ESC development team headed by Turner Construction. Turner's established presence in Sacramento since 1982 has allowed them to build strong and lasting relationships with small companies. We can use our recently acquired Class 'A' General Contractors license along with our 'C-10' Electrical license and our relationship with Honeywell to offer the ESC a full-turn-key solution for temperature controls, security systems and smart sensor technology."
About Turner Construction
Turner Construction Company provides building services to clients who value diligence, resourcefulness and creativity in a partner. Turner Construction maintains a network of offices in North America and around the globe, with a staff of 5,200 employees who work on more than 1,200 projects each year. With $9 billion in annual construction volume, Turner Construction ranks first or second in the industry's major market segments.
As a North America-based, international company, Turner Construction is able to offer clients the accessibility and support of a local firm with the stability and resources of a multi-national organization.
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. (the "Company") is a technology based intelligent highway solutions contractor. The Company's primary focus is in the California transportation market providing services that range from providing labor, materials, and related equipment for corrective service and maintenance services for the States transportation infrastructure. The Company's plans are to expand its services to provide cutting edge wireless technologies for the transportation market as well as to expand its maintenance and technology services to neighboring states and nationwide.
Forward Looking Statements: Any statements contained herein that are not historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. Readers should not construe any information in this press release to be an indication of the Company's future stock price or future financial results. There is no assurance that the Company will ever perform any services whatsoever for the ESC Development Team. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.