Business Editors
FAIRFAX, Va.--(BUSINESS WIRE)--Oct. 19, 2006--ICF International
(Nasdaq:ICFI) announced today that it was awarded, through its
subsidiary ICF Emergency Management Services, LLC, the second and
third phases of its Housing Program Management Services contract for
the State of Louisiana's Office of Community Development (OCD). This
new funding brings the total value of this engagement, which is
expected to extend for three years, to US$756 million, inclusive of
the previously announced US$87 million first phase. Under these next
two phases, the ICF team will continue to process applications and
provide housing counseling and assistance to qualified homeowners and
small rental unit landlords affected by Hurricanes Katrina and Rita.
The contract funding, which is expected to support some 800 staff at
the Program's peak, will continue to provide for hiring and training;
leasing, establishing, and maintaining housing assistance centers;
building the information technology infrastructure for processing the
applications and subsequent data verifications; staffing and
maintaining a full-service call center; and funding the Program's
outreach.
In the first, four-month phase of the contract, the ICF team hired
more than 400 employees to establish the Program, 95 percent of whom
are from Louisiana and many of whom were hurricane victims themselves.
The team opened ten new housing assistance centers throughout the
State as well as a project office headquarters, established a
full-service call center which has fielded more than 100,000 calls
weekly, received more than 68,000 applications, and held more than
10,000 appointments with affected homeowners.
"We met or exceeded the deadlines established for the first phase
of the Program and are pleased that we were able to accomplish our
goals, while simultaneously hiring hundreds of employees and teaming
with numerous firms from within the State. We will continue to work
diligently to ensure that the funds required to manage the Program
primarily provide jobs, infrastructure, and enhanced skills for the
people of Louisiana," says Michael Byrne, an ICF senior vice president
and chief program executive.
"The State estimates that nearly 123,000 residents are eligible
for the rebuilding grant monies allocated for homeowners. In the
second and third phases, we expect to double local hiring and team
with an even greater number of local firms. We are honored to play
such an important role in helping displaced residents rebuild their
communities," added Byrne.
The ICF team includes the Louisiana-based firms Deltha
Corporation, First American Title Insurance Company of Louisiana,
Franklin Industries, Jones Walker, Network Technology Group, Peter A.
Mayer Advertising, Providence Engineering & Environmental Group, and
Shaw Environmental.
Other key members with a significant presence in Louisiana include
Quadel Consulting and West Telemarketing.
ICF International partners with government and commercial clients
to deliver consulting services and technology solutions in the energy,
environment, transportation, social programs, defense, and homeland
security markets. The firm combines passion for its work with industry
expertise and innovative analytics to produce compelling results
throughout the entire program life cycle, from analysis and design
through implementation and improvement. Since 1969, ICF has been
serving government at all levels, major corporations, and multilateral
institutions. More than 1,800 employees serve these clients worldwide.
ICF's Web site is http://www.icfi.com.
This press release may contain forward-looking statements that
reflect our current expectations regarding the services we will
provide under the contract with the State of Louisiana's Office of
Community Development (OCD) and the outcome of the services rendered
to OCD. Words such as "will," "expect," and similar words or phrasing,
identify forward-looking statements. These statements are not
guarantees and involve risks and uncertainties that could cause actual
results to differ materially from those anticipated in the
forward-looking statements. These risks and uncertainties include, but
are not limited to: the fact that funding under the contract is not
guaranteed; risks related to our actual performance of services under
the contract; risks related to our costs of performance, especially as
schedules and program requirements change; risks related to the
quality and timeliness of the performance of our numerous
subcontractors; risks associated with the satisfaction by the client
of its requirements under the contract; risks related to potential
claims, even if unjustified, relating to failure to comply with
applicable laws or regulations or other wrong-doing; risks relating to
security, especially information security; risks related to being
unable to hire a sufficient number of qualified staff in a timely
manner; and the risk that OCD requests substantially less in services
than allowed by the contract. Many of these risks would be exacerbated
by State or Federal policy, funding, or leadership changes related to
the OCD or the contract. For other factors that could cause ICF
International's results to vary from expectations, please see the
risks detailed from time to time in our filings with the Securities
and Exchange Commission, including in our Registration Statement on
Form S-1 under the caption "Risk Factors."
CONTACT: For ICF International
Douglas Beck, 703-934-3820
SOURCE: ICF International
