Kasler Holding Company will not receive contract for BART's East Dublin/Pleasanton project; The company also announces award of a $5.3 million contract for a site development project in Las Vegas.HIGHLAND, Calif.--(BUSINESS WIRE)--April 28, 1995--Kasler Holding Company (NYSE NYSE See: New York Stock Exchange :KAS), Friday announced that despite the low bid on Feb. 22, 1995 of $13.7 million to construct parking lots for the Bay Area Rapid Transit “BART” redirects here. For other uses of "BART" or "Bart", see Bart. The San Francisco Bay Area Rapid Transit District (BART) is a heavy rail public rapid-transit system serving the San Francisco Bay Area. District (BART), the contract will not be awarded to the company. A BART review committee concluded that the company did not meet the Disadvantage Business Enterprise goal and recommended that the contract be awarded to the second lowest bidder. The project, however, was not added to backlog since it is the company's policy to add projects only after contract award. As of Feb. 28, 1995, backlog stood at $235 million, up $77 million from $158 million reported at fiscal year end Nov. 30, 1994. "While we are disappointed we did not receive the BART project, the company continues to add profitable backlog. The most recent contract award was a $5.3 million project for Howard Hughes Corporation in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. ," said John H. Wimberly, president and chief executive officer. "The contract calls for roadway rough grading and grading to construct a Tournament Players Club Tournament Players Club (TPC) is a chain of American public and private golf clubs operated by the PGA Tour. Most of the courses either are or had been hosts for PGA Tour events, and even those that have never hosted an event on the main tour have frequently hosted events on the Resort Golf Course at the Summerlin Village III, a planned community, in Las Vegas. Work will commence next month. Also, we anticipate award of the $57 million Cypress freeway contract in early May. We are confident that our current trend of adding profitable new work since the beginning of fiscal 1995 will continue," said Wimberly. Kasler Holding Company, based in Highland, Calif., is a diversified construction company with operations in infrastructure, contract mining and environmental remediation markets serving both government and private customers in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . CONTACT: Kasler Holding Company, Highland Gregory Rutherford, CFO/ Richard Guiss, Investor Relations Investor relations The process by which the corporation communicates with its investors. , 909/884-4811 or Kekst & Company, 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 Wendi Kopsick, 212/593-2655 |
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