PRI awarded Worldwide AFCEE HERC Contract

April 12, 2006

Project Resources Inc. (PRI) announced it was awarded the Air Force Center for Environmental Excellence (AFCEE) Heavy Engineering Repair and Construction (HERC) contract, which is a multiple award, Indefinite Delivery/Indefinite Quantity (IDIQ) program. The initial program ceiling for HERC is $6 billion with the potential to increase up to $15 billion. The HERC represents PRI’s second AFCEE contract award.

PRI will provide turnkey, design-build, design-build-plus, and design-bid-build construction of new facilities and infrastructure, and remodeling and upgrade of existing facilities and infrastructure at Continental United States (CONUS) and Outside Continental United States (OCONUS) locations. As the prime contractor, PRI will perform work in any location where AFCEE customers have needs, including remote, austere, and hostile environments. Task orders will involve design, construction, demolition, repair, and emergency response. In addition, PRI may provide support for environmental work incidental to construction efforts.

Frank J. Loscavio, President of PRI, stated, “We are very pleased to be able to support AFCEE at CONUS and OCONUS locations, including remote, austere, and hostile environments. This award is the result of our successful past performance on Department of Defense (DoD) IDIQ construction programs and our proven management approach that PRI delivers to its federal clients. We are eager to assist AFCEE and are very pleased to build upon our long-term relationship with this important client.”

PRI provides critical government services worldwide using a combination of proven PRI project management approaches and work management technology.

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.