Arpeggio Acquisition Corporation Approved to Trade on Nasdaq National Market upon Consummation of Merger with Hill International, Inc.MARLTON, N.J. & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Arpeggio Acquisition Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : APGO APGO Association of Professors of Gynecology and Obstetrics APGO Association of Professional Geoscientists of Ontario , APGOW, APGOU) ("Arpeggio"), a specified purpose acquisition company, and closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. Hill International, Inc. ("Hill"), a worldwide construction consulting firm, announced today that the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. , Inc. has approved the application for the combined company's common stock, warrants and units to trade on the Nasdaq National Market upon consummation of the proposed merger between Arpeggio and Hill, expected to take place following Arpeggio's shareholder meeting on Wednesday June 28, 2006. Arpeggio's common stock, warrants and units will cease trading on the Over The Counter Bulletin Board and begin trading on the Nasdaq National Market under the symbols HINT, HINTW and HINTU, respectively, on Thursday June 29, 2006. The new symbols reflect the combined company's name, "Hill International, Inc.", following the merger. About Hill Hill International, based in Marlton, NJ, has over 900 employees in 26 offices worldwide providing program management, project management, construction management and construction claims services. Engineering News-Record magazine recently ranked Hill as the 17th largest construction management firm in the United States. Forward-Looking Statements This press release contains forward-looking statements within the meaning 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, about Arpeggio, Hill and their combined business after completion of the proposed acquisition. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Arpeggio's and Hill's managements, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions, weather and natural disasters, changing interpretations of generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting ; outcomes of government reviews; inquiries and investigations and related litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Hill is engaged; fluctuations in client demand; management of rapid growth; intensity of competition from other providers of project management and construction claims services; general economic conditions; geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. events and regulatory changes, as well as other relevant risks detailed in Arpeggio's filings with the SEC, including its report on Form 10-QSB for the quarter ended March 31, 2006. The information set forth herein should be read in light of such risks. Neither Arpeggio nor Hill assumes any obligation to update the information contained in this press release. Arpeggio and its respective directors and officers may be deemed to be participants in the solicitation of approvals from Arpeggio's stockholders in respect of the proposed transaction. Information regarding Arpeggio's participants and the interests of such participants is contained in the proxy statement. |
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