ARCADIS Assists in South African Educational Program.Business Editors ARNHEM, The Netherlands--(BUSINESS WIRE)--June 11, 2002 ARCADIS (Nasdaq: ARCAF; Euronext: ARCAD) today announced that it has won a project aimed at improving the educational systems and institutions in the Eastern Cape The Eastern Cape is a province of South Africa. Its capital is Bhisho. It was formed in 1994 out of the "independent" homelands of Transkei and Ciskei, as well as the eastern portion of the Cape Province. province of South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . ARCADIS Euroconsult, a subsidiary of ARCADIS NV specialized in institutional developing projects for developing countries, will carry out the project. The government of the United Kingdom through its Department for International Development will fund the project, with a total value of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 20 million and duration of 3 years. The Department of Education in the Eastern Cape (ECED ECED European Council on Eating Disorders ) in South Africa faces many challenges, which date back to the divided and inequitable history of education under apartheid apartheid (əpärt`hīt) [Afrik.,=apartness], system of racial segregation peculiar to the Republic of South Africa, the legal basis of which was largely repealed in 1991–92. . Efforts to integrate the old segregated school systems have been underway since 1994, and involved creating one uniform standard of the more than 6,000 schools, which operate under the supervision of the Department. In 2000, a new phase in this process was entered with the introduction of an initiative, which was launched by the National Minister of Education for South Africa, professor Kader Asmal Kader Asmal (born 8 October 1934) is a South African politician. He was a professor of human rights at the University of the Western Cape, chairman of the council of the University of the North and vice-president of the African Association of International Law. . Five major programs have been identified by the ECED and have been included in the Eastern Cape Provincial District and School Development Program. Under this program, ARCADIS Euroconsult provides management consultancy services: - Turning schools into community centers in support of democratic government structures; - Combating adult illiteracy; - Restructuring higher education systems; - Accepting and integrating the new school system in the local community; - Creating tools to mitigate the effects of AIDS by developing care and support facilities. ARCADIS Euroconsult won the project based on the Company's history in institutional development in many nations. The Company has extensive experience working with local specialists who are closely involved in the development of structures and systems required by economical and social advancement in developing countries. Michiel Jaski, member of the Executive Board of ARCADIS said: "In ARCADIS' strategy for donor-financed activities we have a stated policy to move away from the more traditional land and water projects towards institutional development. Clearly this project is a good example of the management consultancy activities into which we seek expansion. It also serves as proof of ARCADIS' ability to support many European governments in their international development projects." ARCADIS is a leading global, knowledge-driven service provider, active in the fields of infrastructure, buildings, environment and communications. With client success central to our total business approach, we fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. project or program needs from concept to completion and beyond. Together, we generate EUR 800 million in annual revenues. There are 8,000 of us: results-oriented people, continually investing in our skills to maximize value while creating viable solutions that assure your success. Except for historical information contained herein, the statements in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These and other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company. |
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