AMPAM Announces the Addition of Three Companies.AUSTIN, Texas--(BUSINESS WIRE)--Oct. 4, 1999-- American Plumbing and Mechanical Inc. ("AMPAM") today announced the addition of three companies with combined annual revenues of approximately $66 million, bringing pro-forma annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues to approximately $425 million. These three companies add new markets in southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and the South Atlantic region of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and strengthen existing operations in the Phoenix market. Robert Christianson, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMPAM remarked, "We are extremely pleased to announce the addition of these companies which have a history of increasing revenues and profits. Each of these companies is located in a strong geographic market and will continue to be managed by the people that have been responsible for their success." Atlas Atlas, in Greek mythology Atlas (ăt`ləs), in Greek mythology, a Titan; son of Iapetus and Clymene and the brother of Prometheus. Plumbing & Mechanical Inc. is headquartered in Manassas Park, Va., and has three additional locations in Richmond and Newport News Newport News, independent city (1990 pop. 170,045), SE Va., on the Virginia peninsula, at the mouth of the James River, off Hampton Roads, near Norfolk; inc. 1896. , Va. and Beltsville, Md. Atlas provides plumbing and related installation services to the residential construction market. Parks Mechanical Construction Corp. operates as a plumbing and mechanical contractor specializing in plumbing systems for multi-family projects. The company serves the southern California market from its headquarters in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and also maintains a presence in northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . AMPAM has strengthened its operations in the Phoenix market through the purchase of the assets of Southey Plumbing Inc. Located in Surprise, Ariz., Southey provides plumbing and related installation services to the residential construction markets in the second largest single-family construction market in the United States. AMPAM, headquartered in Austin, Texas, is the largest national provider of plumbing and mechanical contracting services. This news release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Although AMPAM believes that such statements are based on reasonable assumptions, it can give no assurance that its expectations will in fact occur. Important factors that could cause actual results to differ materially from those in the forward looking statements include, among other things, changes in national or regional economic conditions affecting the construction industry, our ability to pursue acquisition candidates as well as our ability to integrate acquired businesses, federal and state regulatory developments, AMPAM's financial leverage and the availability of skilled personnel, as well as other risk factors. |
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