Foster Wheeler to Present at Credit Suisse First Boston Engineering & Environmental Services Conference
May 31 2007 - 9:00AM
Business Wire
Foster Wheeler Ltd. (NASDAQ: FWLT) announced today that Umberto
della Sala, president and chief operating officer, John T. La Duc,
executive vice president and chief financial officer, and Franco
Baseotto, financial leader of the Global Engineering and
Construction Group, and executive vice president and chief
financial officer-elect, effective August 13, 2007, will make a
presentation to investors at the Credit Suisse First Boston
Engineering & Environmental Conference in New York City on
Thursday, June 7, at 10:45 a.m. (Eastern). Foster Wheeler invites
investors and those interested to listen to a live audio webcast
and view presentation slides via the Investor Relations
Presentations section of the Company's website:
(http://phx.corporate-ir.net/phoenix.zhtml?c=80422&p=irol-
Presentations) (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.) A replay of the webcast and
presentation slides will also be available on the website following
the presentation. Foster Wheeler Ltd. is a global company offering,
through its subsidiaries, a broad range of engineering,
procurement, construction, manufacturing, project development and
management, research and plant operation services. Foster Wheeler
serves the refining, upstream oil and gas, LNG and gas-to-liquids,
petrochemicals, chemicals, power, pharmaceuticals, biotechnology
and healthcare industries. The corporation is based in Hamilton,
Bermuda, and its operational headquarters are in Clinton, New
Jersey, USA. For more information about Foster Wheeler, please
visit our Web site at http://www.fwc.com. Note to Editors: Safe
Harbor Statement This news release contains forward-looking
statements that are based on management�s assumptions, expectations
and projections about the Company and the various industries within
which the Company operates. These include statements regarding the
Company�s expectations regarding revenues (including as expressed
by its backlog), its liquidity, the outcome of litigation and legal
proceedings and recoveries from customers for claims, and the costs
of current and future asbestos claims, and the amount and timing of
related insurance recoveries. Such forward-looking statements by
their nature involve a degree of risk and uncertainty. The Company
cautions that a variety of factors, including but not limited to
the factors described in Part II, Item 1A �Risk Factors� of the
Company�s most recent quarterly report on Form 10-Q and the
following, could cause the Company�s business conditions and
results to differ materially from what is contained in
forward-looking statements: changes in the rate of economic growth
in the United States and other major international economies,
changes in investment by the oil and gas, oil refining,
chemical/petrochemical and power industries, changes in the
financial condition of its customers, changes in regulatory
environment, changes in project design or schedules, contract
cancellations, changes in estimates made by the Company of costs to
complete projects, changes in trade, monetary and fiscal policies
worldwide, currency fluctuations, war and/or terrorist attacks on
facilities either owned or where equipment or services are or may
be provided, interruptions to shipping lanes or other methods of
transport, outcomes of pending and future litigation, including
litigation regarding the Company�s liability for damages and
insurance coverage for asbestos exposure, protection and validity
of its patents and other intellectual property rights, increasing
competition by foreign and domestic companies, compliance with its
debt covenants, recoverability of claims against its customers and
others by the Company and clams by third parties against the
Company, changes in estimates used in its critical accounting
policies. Other factors and assumptions not identified above were
also involved in the formation of these forward-looking statements
and the failure of such other assumptions to be realized, as well
as other factors, may also cause actual results to differ
materially from those projected. Most of these factors are
difficult to predict accurately and are generally beyond the
Company�s control. You should consider the areas of risk described
above in connection with any forward-looking statements that may be
made by the Company. The Company undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise. You are advised,
however, to consult any additional disclosures the Company makes in
proxy statements, quarterly reports on Form 10-Q, annual reports on
Form 10-K and current reports on Form 8-K filed with the Securities
and Exchange Commission.
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