IFS Intercorp Financial Services Inc

MEDIA, Pa., June 29 /PRNewswire-FirstCall/ -- InfraSource Services, Inc. (NYSE:IFS) today announced the filing of a registration statement on Form S-3 with the Securities and Exchange Commission relating to an offering of up to 10,400,000 shares of its common stock. The shares are being offered by certain stockholders of the Company. InfraSource will not receive any of the proceeds of the offering. In addition, the underwriters have an option to purchase up to an additional 1,560,000 shares from the selling stockholders to cover over-allotments, if any. Credit Suisse Securities (USA) LLC and Merrill, Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers and Lehman Brothers Inc. and First Albany Capital, Inc. are serving as co-managers for the offering. When available, copies of the prospectus relating to the offering may be obtained from the Prospectus Department of Credit Suisse Securities (USA) LLC at (800) 221-1037. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About InfraSource InfraSource Services, Inc. is one of the largest specialty contractors servicing electric, natural gas and telecommunications infrastructure in the United States. InfraSource designs, builds, and maintains transmission and distribution networks for utilities, power producers, and industrial customers. Safe Harbor Statement Certain statements contained in this press release are forward-looking statements. These forward-looking statements are based upon our current expectations about future events. When used in this press release, the words "believe," "anticipate," "intend," "estimate," "expect," "will," "should," "may," and similar expressions, or the negative of such words and expressions, are intended to identify forward-looking statements, although not all forward- looking statements contain such words or expressions. These forward-looking statements generally relate to our plans, objectives and expectations for future operations and are based upon management's current estimates and projections of future results or trends. However, these statements are subject to a number of risks and uncertainties affecting our business. You should read this press release completely and with the understanding that actual future results may be materially different from what we expect as a result of these risks and uncertainties and other factors, which include, but are not limited to: (1) technological, structural and cyclical changes that could reduce the demand for the services we provide; (2) the impact of variations between actual and estimated costs under our contracts, particularly our fixed-price contracts; (3) our ability to successfully bid for and perform large-scale project work; (4) our ability to attract and retain qualified personnel; (5) the award of new contracts and the timing of the performance of those contracts; (6) project delays or cancellations; (7) the uncertainty of implementation of the recently enacted federal energy legislation; and (8) other factors detailed from time to time in our reports and filings with the Securities and Exchange Commission. Except as required by law, we do not intend to update forward-looking statements even though our situation may change in the future. CONTACT: John A. Curran 610-480-8000 Mahmoud Siddig 212-889-4350 DATASOURCE: InfraSource Services, Inc. CONTACT: John A. Curran, +1-610-480-8000, ; or Mahmoud Siddig, +1-212-889-4350,

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