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New Business Offering Led by Energy Expert Dr. Nainish Gupta
Fairfax, Virginia,
February 25, 2009 - ICF International (NASDAQ:ICFI) today announced the addition of strategic risk management to its growing array of energy sector service offerings. ICF established its new Strategic Risk Management offerings to help energy companies extract more value from their assets through effective risk management strategies. Through this new business focus, ICF is capable of providing energy companies with the insight needed to define market strategy and risk profile; assess market opportunity for trading; and identify, measure, and manage exposure.
“Risk management solutions are a continuation of our strategy to provide end-to-end consulting services to the energy and natural resources markets,” said Sudhakar Kesavan, ICF International chairman and CEO. “It is a natural addition to the firm’s current service offerings in climate change mitigation and adaptation, power and fuels market analysis, air quality, sustainable consumption and production, and resource efficiency.”
ICF’s Strategic Risk Management business is led by Dr. Nainish Gupta, a renowned risk management expert with 15 years of experience in all aspects of strategy, risk and financial management, capital allocation, business development, operations leadership, and regulatory policy. Dr. Gupta has worked with clients across the energy sector, as well as with large investment firms. Before joining ICF, Dr. Gupta served as president and chief executive for a specialized economics consulting firm based in Florida, where he provided strategic advisory and risk management services to Fortune 250 energy companies. He has a PhD in economics from the University of Georgia and has published numerous articles on energy-related issues.
Dr. Gupta is charged with expanding ICF’s governance, risk, and compliance solutions as part of ICF’s energy and climate change service offerings. “Nainish’s extensive risk management experience coupled with his energy sector and investment knowledge will enhance our ability to identify and deliver appropriate solutions to our clients’ risk management challenges,” continued Kesavan. “We are committed to growing our business in this arena and Nainish will play a key role in making this happen.”
“ICF has a substantial depth of talent, tools, and techniques that are in great demand in the energy and natural resources arena,” said Dr. Gupta, ICF vice president and strategic risk management expert. “With expertise across the energy spectrum, ICF can be a significant player in the risk management professional services markets. I look forward to helping ICF achieve its growth objectives in these markets.”
Information on ICF’s risk management service offerings is available at http://www.icfi.com/Markets/Energy/risk-management.asp, or by contacting Dr. Nainish Gupta at ngupta@icfi.com.
About ICF International
ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,000 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
FOR IMMEDIATE RELEASE
Lindsey Litton
1.571.265.1472
Caution Concerning Forward-looking Statements
This document may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995—that is, statements related to future—not past—events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “guidance,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would,” or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.
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