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FAIRFAX, VA, March 1, 1999 - ICF Kaiser International,
Inc. (NYSE: ICF) today announced that, as a result of its
ongoing consideration of strategic alternatives for the Company
and its Consulting Group, it has determined to sell its Consulting
Group to financial investors. Management of the Consulting
Group will have a significant equity interest in the new,
independent company.
ICF Kaiser International, Inc. is in the final stages of
consideration of the form of the transaction, which should
be completed by mid-year 1999. The Company plans to announce
details concerning the Consulting Group disposition within
the next two weeks.
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ICF International (Nasdaq: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security 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 1,800 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.
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For Immediate Release
Contact: Douglas Beck
1.703.934.3820
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