BATON ROUGE, La.--(BUSINESS WIRE)--Sept. 15, 2004--The Shaw Group
Inc. (NYSE:SGR) today announced that it will donate to the American
Red Cross a portion of its revenues from emergency services provided
by Shaw in response to the two recent hurricanes that have devastated
Florida. Shaw is currently involved in two major projects in Florida -
assisting Florida's utility companies with the restoration of power
and utilities and providing emergency roof repairs to homes and
businesses under a U.S. Army Corps of Engineers' contract for the
Federal Emergency Management Administration. Shaw will make the
donation in response to the Red Cross's recent call for contributions.
The relief organization's emergency funds have been severely depleted
as a result of relief efforts following Hurricanes Charley and
Frances.
J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw,
said, "As a lifelong resident of Louisiana, and with over 400 of our
employees in six offices in Florida, this situation certainly hits
home. I know firsthand the devastating effects of a strong hurricane
and how important a competent quick response can be. We are honored to
be a part of the emergency response efforts in Florida and proud of
our ability to mobilize quickly. Shaw is also pleased to be able to
"give back" a portion of its revenues on these projects in the form of
a donation to the Red Cross which provides critical assistance in
times of need."
Shaw's work in Florida is being performed through two of its
subsidiaries, Shaw Environmental & Infrastructure, Inc (Shaw E&I;) and
Shaw Energy Delivery Services, Inc. (Shaw EDS). Shaw E&I; is a premier
provider of environmental and infrastructure project services to
government and commercial customers, including engineering consulting,
facilities design/construction, site remediation/restoration, waste
management, facilities management and privatization, homeland security
and emergency preparedness, and real estate redevelopment. Shaw EDS
provides innovative design, installation, upgrade and maintenance
power transmission and distribution systems and services that improve
reliability and operational efficiencies. Shaw has six offices and
approximately 400 employees in Florida.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities management
services for government and private sector clients in the power,
process, environmental, infrastructure and emergency response markets.
A Fortune 500 company, The Shaw Group is headquartered in Baton Rouge,
Louisiana, and employs approximately 17,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. For further information, please visit the
Company's website at www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. The statements
contained herein that are not historical facts (including without
limitation statements to the effect that the Company or its management
"believes," "expects," "anticipates," "plans," or other similar
expressions) and statements related to revenues, earnings, backlog, or
other financial information or results are forward-looking statements
based on the Company's current expectations and beliefs concerning
future developments and their potential effects on the Company. There
can be no assurance that future developments affecting the Company
will be those anticipated by the Company. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions and are subject to change
based upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. A description of some of the risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on the
Company's website under the heading "Forward-Looking Statements".
These documents are also available from the Securities and Exchange
Commission or from the Investor Relations department of Shaw. For more
information on the company and announcements it makes from time to
time on a regional basis visit our website at www.shawgrp.com.
CONTACT: The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2546
www.shawgrp.com
SOURCE: The Shaw Group Inc.
