Quanta Services to Ring Closing Bell at New York Stock Exchange
by PR Newswire
HOUSTON, Feb. 12, 2013 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced that Jim O'Neil, president and chief executive officer of Quanta Services, will ring the closing bell at the New York Stock Exchange today at 4 p.m. EST, marking the company's 15th anniversary of trading on the prestigious securities exchange.
"Quanta was founded 15 years ago with the belief that our nation's energy infrastructure needed significant upgrade, expansion and replacement and that a national specialty contractor would be essential to meeting that need. Quanta has grown forty-fold since its initial public offering and listing on the New York Stock Exchange in February 1998, becoming one of North America's leading electric power, natural gas and pipeline infrastructure services providers," said Jim O'Neil, president and chief executive officer of Quanta Services. "We expect demand for our services to remain strong as utilities invest in electric power infrastructure to improve reliability and North American pipeline infrastructure is developed to harvest resources in unconventional shale and Canadian oil sand regions. We believe Quanta's future is bright and we look forward to many more years of success."
Members of Quanta's management and board of directors will join O'Neil as he rings the closing bell at 4 p.m. Eastern. For photos and video of Quanta's closing bell ceremony, please connect with NYSE Euronext on Facebook (NYSE Euronext-Official Site), YouTube (nysetv1), and Twitter (@NYSEEuronext), #NYSEBell.
About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering infrastructure solutions for the electric power and natural gas and pipeline industries. Quanta's comprehensive services include designing, installing, repairing and maintaining network infrastructure. Additionally, Quanta licenses point-to-point fiber optic telecommunications infrastructure in certain markets and offers related design, procurement, construction and maintenance services. With operations throughout North America and in certain international markets, Quanta has the manpower, resources and expertise to complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.
This press release (and oral statements regarding the subject matter of this release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, market leadership, future outlook, opportunities for profitable growth, and Quanta's plans and strategies, as well as statements reflecting expectations, intentions, assumptions or beliefs about future events, and other statements that do not relate strictly to historical or current facts. Although Quanta's management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements can be affected by inaccurate assumptions and by a variety of risks and uncertainties that are difficult to predict or beyond our control, including, among others, the effects of industry, economic or political conditions outside of the control of Quanta; trends and growth opportunities in relevant markets; the potential to incur losses with respect to our operations; the ability to generate internal growth; the ability to successfully identify and complete acquisitions; the ability to effectively compete for new projects and market share; risks associated with operating in international markets; potential liabilities associated with multiemployer pension plans; unexpected costs or liabilities that may arise from lawsuits or indemnity claims related to the services Quanta performs; liabilities for claims that are self-insured; and the ability to capitalize on business opportunities and other factors affecting Quanta's business generally, including risks detailed in Quanta's Annual Report on Form 10-K for the year ended December 31, 2011, Quanta's Quarterly Reports on Form 10-Q for the applicable quarters in 2012 and any other documents of Quanta filed with the Securities and Exchange Commission (SEC). Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's website at www.quantaservices.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at www.sec.gov.
Derrick Jensen - CFO
Kip Rupp, CFA - Investors
Reba Reid - Media
Quanta Services, Inc.
SOURCE Quanta Services, Inc.