MW/Infrastructure Developments Sets Its Sights on Indonesia and East Timor
HERNDON, VA, Sep 27, 2010 (MARKETWIRE via COMTEX) -- Infrastructure Developments Corp. announced today that its subsidiary, Intelspec LLC (Thailand), is expanding its presence in Indonesia and East Timor. The Company has bid on various projects in the area, and is planning to set up a permanent physical presence in Indonesia as it wins project awards.
Indonesia and East Timor, in addition to the nearby Island regions of Malaysia, Papua New Guinea, and the Southern Philippines are active with new US Government funded building projects, private sector projects, and mining projects. These markets are determined to be relatively open to new qualified bidders relative to other project markets in Southeast Asia and the Pacific Rim.
"Our research and contacts indicate that Indonesia is becoming a very important strategic location for various US Government agencies' expansion," said Darren Smith, VP of Intelspec International. "We are positioned in the market already and have developed valuable resources to support future expansion. We are also discussing our involvement in large private sector projects in the mining and logistics industries. As we get contracts coming in, we will build our permanent presence the Country to manage projects and make additional proposals."
About Infrastructure Developments Corp.: Infrastructure is an engineering and construction services company that services an underserved niche in the global project management spectrum, targeting specialized projects and subcontracts that are too small to attract giant multinational firms, but which still require world class engineering expertise. Staffed by key personnel with decades of experience in performing work for the US Department of Defense and the US Department of State, Infrastructure is familiar with the complex requirements of government contracts and the unusual challenges of performing high-standard work in challenging environments.
Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including our ability to procure design and management projects, competitive market conditions, and our prospects for securing additional sources of financing as required. The actual results that Infrastructure may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Infrastructure encourages the public to read the information provided here in conjunction with its most recent filings on Form 8-K, Form 10-Q and Form 10-K. Infrastructure's public filings may be viewed at www.sec.gov.