KSW, Inc. Awarded a $32 Million Contract for Related Properties

Business Wire,  June 30, 2008  

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KSW's Fourth Project for Related Brings Backlog to $138 Million

LONG ISLAND CITY, N.Y. -- KSW, Inc. (NASDAQ: KSW), a leader in the heating, ventilating and air conditioning (HVAC) business through its subsidiary KSW Mechanical Services, Inc., today announced a contract on a new Related Properties project valued at $32 million. This contract brings KSW's backlog as of June 30, 2008 to $138 million.

The 42ndStreet Westside project in Manhattan consists of a hotel as well as 58-stories of condominium and rental units. This is the fourth collaboration between KSW and Related Properties, and construction has already begun under the management of Plaza Construction Corporation. KSW anticipates its role in the project to begin in the third quarter of 2008 and will realize revenues on a monthly basis once it has commenced work.

KSW Chairman Floyd Warkol said, "We are very pleased to have been awarded this prestigious contract from our friends at Related. This is the fourth and largest project which we will be working on concurrently with Related Properties. For the past 6 months, we have worked with Plaza Construction, Related Properties, and their design professionals throughout the design development, to suggest value engineering and energy saving alternatives. Related will incorporate energy conservation features in order to obtain Leeds Silver status, a certification of a building's energy efficiency."

KSW's other work with Related Properties includes the following luxury condominium projects: The Brompton, on the Upper East Side of Manhattan; The Harrison, an Upper West side condo; and Superior Ink in Chelsea.

This project brings the total value of projects awarded to KSW this year to approximately $70 million. KSW continues to provide value engineering and budgeting services on a number of other projects, which the Company hopes will result in the award of new contracts.

About Related Properties

The Related Companies is one of the premier developers of luxury rental apartments in The United States today. Over the past decade, the company has dramatically redefined the concept of metropolitan luxury by introducing more than a dozen extraordinary new residential buildings in New York City's most desirable neighborhoods from Tribeca, Chelsea, Battery Park City, Midtown and Union Square to the fashionable Upper East Side and Upper West Side. With each new building, Related has been hailed for setting new standards of excellence in the luxury rental marketplace. To ensure that every resident in every Related building enjoys the very finest services, unsurpassed amenities, and a luxury lifestyle without compromise, The Related Companies takes great pride in managing every building it owns.

About KSW, Inc.

KSW, Inc., through its wholly-owned subsidiary KSW Mechanical Services, Inc., furnishes and installs heating, ventilating and air conditioning (HVAC) systems and process piping systems for institutional, industrial, commercial, high-rise residential and public works projects. KSW Mechanical Services, Inc. also acts as trade manager on larger construction projects, such as New York Presbyterian Cardiovascular Center, and the Mount Sinai Center for Science and Medicine where the Company is currently performing pre-construction services.

Safe Harbor Statement

Certain statements contained in this press release are not historical facts, and constitute "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward looking statements generally can be identified as statements that include phrases such as "believe", "expect", "anticipate", "intend", "plan", "foresee ", "likely", "should", "will" or other similar words or phrases. Such forward-looking statements concerning management's expectations and other similar matters involve known and unknown risks, uncertainties and other important factors that could cause the actual results to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. Such risks, uncertainties, and other important factors that could cause actual results to differ materially from expectation of the Company include, those detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2007. All written and oral forward-looking statements of or attributable to the Company or persons acting on behalf of the Company are qualified in their entirety by such factors. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based.

Visit our website at www.kswmechanical.com.

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