PRI awarded $400 million FEMA Contracts in Mississippi and Louisiana

March 27, 2006

Project Resources Inc. (PRI) announced it was awarded four contracts from the Federal Emergency Management Agency (FEMA) to provide Maintenance and Deactivation of Manufactured Homes. Under four 5-year, $100 million contracts, PRI provides FEMA with temporary housing assistance to disaster victims in Louisiana and Mississippi. PRI’s services include emergency and routine maintenance, refurbishment, and restoration services; maintaining a 24/7 call center to respond to maintenance problems; and conducting deactivation, removal, and transportation of temporary housing units.

Frank J. Loscavio, President of PRI, stated, “We are very pleased to be able to support FEMA in providing temporary housing for the residents of Louisiana and Mississippi who were displaced by Hurricane Katrina. This award is the result of our successful past performance on federal disaster response efforts and our proven management approach that PRI delivers to its federal clients on a daily basis. PRI successfully worked with FEMA on hurricane disaster response projects for Hurricanes Ivan and Francis in 2004. We are eager to assist the residents of Louisiana and Mississippi, and are very pleased to build upon our long-term relationship with this important client.”

PRI is local small business that provides critical government services in support of Homeland Security/Defense, disaster response, and infrastructure construction and repair project worldwide. We have performed more than 21 projects in seven Louisiana parishes, as well as multiple, concurrent projects in Mississippi over the last 5 years. Using a combination of proven PRI project management approaches and work management technology, PRI effectively manages several thousand trailer sites over a wide geographic area.

About PRI:

Project Resources, Inc. (PRI) provides facilities management, environmental remediation, and design-build construction services. PRI consistently delivers unparalleled quality and service to its government and private sector clients worldwide. PRI’s responsiveness and flexibility has resulted in consistent outstanding performance ratings from the federal government. For more information about PRI or its services, visit www.priworld.com or call (858) 505-1000. The corporate office is located 3760 Convoy Street, Suite 230, San Diego, CA 92111.