Microfield Subsidiary Announces Two New Projects.PORTLAND, Ore. -- Microfield Group, Inc. ("Microfield") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MICG MICG Moroccan Islamic Combatant Group ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Christenson Velagio, Inc. ("CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute "), has initiated work on two new projects. The first project is for construction of an underground cabling pathway network for Willamette University Willamette’s College of Liberal Arts is the undergraduate school on campus. The oldest of the graduate programs is the College of Law, founded in 1883 and located in the Truman Wesley Collins Legal Center. at their campus in Salem, Oregon. The second project is to upgrade the internal cable plant within Wells Fargo's William Barnhart Center in Hillsboro, Oregon, to a Category 6 SYSTIMAX certified solution. Both projects were launched in May and are scheduled for completion during the fourth quarter, 2005. Total value of the contracts to CVI is approximately $2 million. Mark Walter, President of Microfield, said, "We are encouraged by the amount of contract activity we continue to generate within all market segments. The strength of our current business activity is a direct result of the continued confidence and support of our valued clients. We remain committed to growing our business and look forward to the future." About Microfield Group, Inc. Microfield Group, Inc. ("Microfield" or the "Company") is engaged in the arena of energy-related technology products and services. Through its subsidiaries, Microfield offers an array of new technologies for energy production, distribution, and management. Microfield also offers services within other segments, including data, telephony and fire/life/security systems. The company's strategic objective is to grow its customer base and brand value to capitalize on acquisition opportunities and strategic partnerships that broaden its product and service offerings in the energy field. Microfield is headquartered in Portland, Oregon, and its common stock is traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "MICG." Forward-Looking Statements This press release includes statements that may constitute "forward-looking" statements. These statements 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 inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third-party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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