IFS Intercorp Financial Services Inc

MEDIA, Pa., Sept. 22 /PRNewswire-FirstCall/ -- InfraSource Services, Inc. (NYSE:IFS), one of the largest specialty contractors servicing utility transmission and distribution infrastructure in the United States, today announced that Frederick W. Buckman, the Chairman and a founder of Trans-Elect, the nation's first independent transmission company, has been elected to the InfraSource Board of Directors. David Helwig, President and Chief Executive Officer of InfraSource said, "We are excited and extremely pleased that someone with Fred's background and expertise has joined our Board of Directors. With his executive, management and leadership experience in the electric utility industry, he will provide invaluable insight and perspective to our Board and our Company." Mr. Buckman served as the Chairman and Chief Executive Officer of Trans-Elect from 1999 until April 2005. He has more than 35 years of experience in the electric utility industry, including as President and Chief Executive Officer of PacifiCorp from 1994 to 1998 and, prior thereto eight years in executive roles with Consumers Power Company, the utility subsidiary of CMS Energy. Mr. Buckman serves as Lead Director of StanCorp Financial Group, a New York Stock Exchange-listed company and recently concluded a term of eight years as Chairman of the Board of Oregon Health and Science University. 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. Further information can be found at http://www.infrasourceinc.com/. 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, ; Mahmoud Siddig, +1-212-889-4350, Web site: http://www.infrasourceinc.com/

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