BATON ROUGE, La.--(BUSINESS WIRE)--Feb. 18, 2005--The Shaw Group
Inc. (NYSE: SGR) today announced a total cash contribution of $250,000
to relief efforts following the devastating tsunami in southern Asia.
Since January, when Shaw announced that it would match employee
contributions to tsunami relief organizations, employees have
contributed $117,000 to various relief agencies for the provision of
food, medical supplies and shelter for the tsunami victims. Shaw's
additional $133,000 donation will be distributed to the American Red
Cross, UNICEF, Oxfam America, Doctors without Borders, Catholic Relief
Services and CARE, as these organizations received the majority of
contributions from Shaw's employees.
In addition to its cash contribution, a team of emergency response
experts from several of Shaw's business lines has visited the tsunami
affected areas to provide assistance, at no charge, in the initial
assessment and planning for the restoration of the tsunami affected
J.M Bernhard, Jr., Chairman and Chief Executive Officer of The
Shaw Group Inc., said, "Our world continues to be faced with a
tremendous challenge to assist the tsunami victims in restoring order
to their lives and their environment. With our worldwide operations,
we feel an increased responsibility to make a positive contribution to
the global community. I am personally very proud of our employees'
commitment to make a difference for those suffering in Southern Asia."
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 18,000 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.
Forward-Looking Statements - 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.
The Shaw Group Inc., Baton Rouge
Chris D. Sammons
SOURCE: The Shaw Group Inc.