Item 8.01. Other Events.
On
The Company is working to satisfy the prerequisites to execution of the definitive agreements relating to the Project, including delivering bonds, certificates of insurance and other documents. The definitive agreements will not be executed until the BWS has completed its internal processes, which include, but may not be limited to (a) review of required bonds and insurance, (b) review and approval of the agreements by the BWS legal counsel, and (c) approval and execution of the agreements by the Manager and Chief Engineer of the BWS. The Company anticipates it could take several weeks for this process to be concluded and for the definitive agreements to be executed. While the Company intends to diligently complete the prerequisites for the execution of definitive agreements, the Company cannot provide any assurances that the definitive agreements will be signed. If and when definitive agreements are signed, the Company will disclose additional details regarding the Project and the material details of the agreements.
Note about forward-looking statements. Statements contained in this Current
Report on Form 8-K other than recitation of historical facts are
"forward-looking" statements within the meaning of Section 27A of the Exchange
Act and Section 21E of the Exchange Act. Forward-looking statements usually
containing the words "believe", "estimate", "project", "intend", "expect",
"should", "will" or similar expressions. These statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements inherently involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such differences include,
but are not limited to, world events impacting the ability or desire of people
to travel to the Company's service areas, continued acceptance of the Company's
products and services in the marketplace, changes in its relationships with the
governments of the jurisdictions in which it operates, the outcome of its
negotiations with the
2
© Edgar Online, source