July 17, 2008

Argos Utilities Hires New President of Contracting Enterprises, Inc. & Expands Service Territory

Bethesda, Maryland – Argos Utilities Corporation (“Argos Utilities”) and its President & CEO, William F. Quinn announced today the hiring of Johnny M. Priest as the new President of Contracting Enterprises Incorporated (“CEI”), a wholly owned subsidiary of Argos Utilities based in Roanoke, Virginia. Additionally, Mr. Quinn announced the expansion of CEI’s electric utility construction and maintenance business into the Southeast United States. CEI will also be expanding its power line construction and maintenance services from its historical underground distribution focus to include overhead distribution, substation and transmission work which will be performed by the newly formed Overhead Power Division of CEI.

Quinn said that while several existing companies perform similar services in the Carolinas and Georgia, the vision for CEI is of an organization that provides exceptional value to its utility clients, including municipalities and electric cooperatives, by employing only the highest quality personnel that are motivated by a unique pay structure, advancement opportunities, and a dynamic all-inclusive approach to providing the best customer service. The CEI Overhead Power Division will be built around the integrated organizational values of safety, quality, customer care, and environmental excellence.

Other key members of the CEI -Overhead Power leadership team include Dan Houston, Division Operations Manager, and Charles Teal, Operations Superintendent. All of these gentlemen are natives of the Carolinas and have a long successful history in the utility contracting business. The combined electric utility experience of this leadership team totals over 120 years. Also Mr. Priest and Mr. Houston have spent a significant amount of time working with electrical utilities and contractors around the United States and in several foreign countries.

Priest said “This is a very exciting time in the business and a great opportunity to build a first class organization in the Southeast with an initial focus on the Carolinas to provide excellent service to the many companies in this region that are looking for a company to provide them with solutions to their everyday challenges of serving their customer base.”

Houston said, “A wide range of experiences coupled with a global perspective has allowed us to see what works, and what doesn’t. It’s a unique opportunity to bring these world’s best practices home and use them to build an organization from the ground up that breaks the mold of the typical electrical contractor.”

CEI has recently established an office and maintenance facility close to Charlotte, North Carolina and will commence line construction activities from this facility in the near future.

For more information about employment opportunities please contact Dan Houston at (704) 517-8191 or at dhouston@argos-cei.com

Argos Utilities Corporation is a leading provider of transmission and distribution services to utility clients-including municipalities and electric cooperatives with headquarters located at 7201 Wisconsin Avenue, Suite 725, Bethesda, MD 20814. For further information please contact William F. Quinn, President and CEO at (301) 652-2115 or at bill.quinn@argosutilities.com.

March 7, 2008

Argos Utilities’ Subsidiary Appoints New Vice President

Bethesda, Maryland – Argos Utilities Corporation (“Argos Utilities”) announced on March 7, 2008, that its subsidiary, Contracting Enterprises, Incorporated (“CEI”) has appointed J. Edward Glover, Jr. as its new Vice President replacing Lucian Y. Grove, Jr., who has decided to devote more time to his medical practice while remaining part of CEI’s management team on a part-time basis.

Glover, who spent 36 years in various positions (including Supervisor of Distribution Systems) with American Electric Power Company’s subsidiary Appalachian Power Company, joined CEI in March 2005. Since joining CEI, Glover has served as CEI’s Director of Operations. Ed Baker, President of CEI, said “I am very happy to promote Eddie to Vice President of CEI. CEI’s growth plans require a broadening of its senior management team and Eddie’s promotion goes a long way towards accomplishing that goal.”  “I am pleased that Ed Baker has shown confidence in my capabilities and I look forward to successfully implementing the Company’s growth plans,” Glover said.

Founded in the 1940’s, CEI specializes in underground electric and natural gas distribution construction, maintenance and repair. CEI provides its services to numerous utility customers including Appalachian Power Company and Roanoke Gas Company.

Argos Utilities Corporation is a leading provider of transmission and distribution services to utility customers with headquarters located at 7201 Wisconsin Avenue, Suite 725, Bethesda, MD 20814. For further information please contact William F. Quinn, President and CEO at (301) 652-2115 or at bill.quinn@argosutilities.com.

2007

September 4, 2007 Argos Utilities Appoints Chief Financial Officer

Bethesda, Maryland – Argos Utilities Corporation (“Argos Utilities”) announced on September 4, 2007 that it has appointed Dena Chapin Nolte as its new Senior Vice President and Chief Financial Officer. Dena joined William F. Quinn, President and Chief Executive Officer, Brian Quinlan, Executive Vice President, and Al Slepian, Senior Vice President and General Counsel to strengthen the senior management team of Argos Utilities.

Nolte has over 20 years of experience in accounting, financial reporting and financing, having begun her career with the Reznick Group, P.C. accounting firm. Most recently, Nolte was Worldwide Controller of W.R. Grace’s Davison Division. Prior to W.R. Grace, Nolte served in various positions over 14 years at PG&E National Energy Group, completing her tenure in 2005 as Director, Corporate Consolidation and Reporting. Nolte holds a Bachelor of Science degree in Accounting and a Masters of Business Administration, both from the University of Maryland.

Mr. Quinn said, “I am very pleased that Dena has agreed to join Argos Utilities as we continue to pursue our buy and build growth strategy. Having worked with Dena at PG&E National Energy Group, I am looking forward to her contribution to our high performing management team.”  “I am very excited by the opportunity to join Argos Utilities in its early stages. I know I will be able to contribute to Argos Utilities’ growth, both through its subsidiaries’ expansion and acquisition,” Nolte said.

Argos Utilities Corporation is a leading provider of transmission and distribution services to utility customers with headquarters located at its new address 7201 Wisconsin Avenue, Suite 725, Bethesda, MD 20814. For further information please contact William F. Quinn, President and CEO at (301) 652-2115 or at bill.quinn@argosutilities.com .

June 8, 2007 Argos Utilities’ Subsidiary Appoints New President

Bethesda, Maryland – Argos Utilities Corporation (“Argos Utilities”) announced on June 8, 2007 that its subsidiary, Richardson-Wayland Electrical Company LLC (“Richardson-Wayland”) has appointed Ron Magee as its new President and Chief Operating Officer. William F. Quinn, President and Chief Executive Officer of Argos Utilities had been performing this function since Argos Utilities acquired Richardson-Wayland in July of last year.

Magee, who has spent nearly 35 years in the electrical contracting business, rejoined Richardson-Wayland in August 2006 after a 15 year absence during which he worked at various transmission and distribution service companies including Penn Line Service, Inc., Harlan Electric, and Asplundh Construction Company. Since August, Magee has headed Richardson-Wayland’s transmission and distribution services departments. Mr. Quinn said, “I am very pleased to promote Ron to this new leadership position at Richardson-Wayland. I am highly confident that Richardson-Wayland will thrive under his experienced guidance.”  “I appreciate the confidence that Bill Quinn has shown in me with this promotion to President and COO,” Magee said. “I look forward to growing our business and providing value to our customers and shareholders alike.”

Founded in 1913, Richardson-Wayland provides substation, transmission, distribution and foundation services to numerous utility customers including Dominion Power Company and First Energy Corporation. Richardson-Wayland is also the largest traffic signalization provider to the Virginia Department of Transportation. Most recently, Richardson-Wayland completed construction of the 500 kV Bristers substation in Bristers, Virginia, and is completing construction of a 7.8 mile 230 kV transmission line near Virginia Beach, Virginia, both for Dominion Power. Over the last two months, the Virginia Department of Transportation awarded Richardson-Wayland three of the four multi-year regional contracts for traffic signal work.

Argos Utilities Corporation is a leading provider of transmission and distribution services to utility customers with headquarters located at 4720 Montgomery Lane, Suite 1000, Bethesda, MD 20814. For further information please contact William F. Quinn, President and COO at (301) 652-6505 or at bill.quinn@argosutilities.com.

February 16, 2007 Argos Utilities acquires Contracting Enterprises, Inc.

Bethesda, Maryland – Argos Utilities Corporation (“Argos Utilities”) announced on February 16, 2007 its acquisition of Roanoke, VA based Contracting Enterprises, Incorporated (“CEI”). CEI, in business for over a half century, provides utility construction services under long term agreements to electric and gas utilities throughout Virginia, West Virginia and Tennessee including American Electric Power (NYSE: “AEP”) and Roanoke Gas Company (NASD: “RGCO”).

The entire management team and organization of CEI will remain intact and join Argos Utilities’ growing portfolio of utility service companies including Roanoke, VA based Richardson-Wayland Electrical Company LLC (“Richardson-Wayland”). CEI’s non-union and Richardson-Wayland’s union work forces provide Argos Utilities with the unique ability to offer both non-union and union utility services to its customers. Argos Utilities financed the acquisition of CEI with equity provided by its principals and Cadent Energy Partners I, L.P. (“Cadent”), and with equity and a senior debt facility provided by ORIX Leveraged Finance (“ORIX”).

“We are very excited to add CEI--a solid, experienced leader in the utility services business--as a cornerstone of our growing portfolio of utility service companies”, said William F. Quinn, President and CEO of Argos Utilities Corporation. “We are also very pleased to partner with Cadent and ORIX in the acquisition financing of CEI. Together we form a tremendous team to execute our acquisition and growth strategy in the utility services market,” said Mr. Quinn. Mr. Lucian Y. Grove, Sr., the principal owner of CEI since 1972, said “On behalf of the Grove family and the entire CEI organization, I wish to express my sincere appreciation and best wishes to CEI, its employees and Argos Utilities as they launch this important new chapter in our company’s history.”

Argos Utilities Corporation is a leading provider of transmission and distribution services to utility customers with headquarters located at 4720 Montgomery Lane, Suite 1000, Bethesda, MD 20814. For further information please contact William F. Quinn, President and CEO at (301) 652-6505 or at bill.quinn@argosutilities.com.

Cadent Energy Partners I, L.P. is managed by Rye Brook, NY-based Cadent Energy Partners, a private equity firm providing growth capital to small and medium-sized companies across the energy industry. (www.cadentenergy.com)

ORIX Leveraged Finance provides sophisticated financing solutions to private equity-sponsored middle-market companies throughout the United States. Headquartered in Dallas, TX, ORIX Leveraged Finance is majority-owned by ORIX Corporation, a global, NYSE-listed financial services company established in 1964. (www.orix.com).

2006

July 12, 2006 Argos Utilities acquires Richardson-Wayland Electrical Company LLC

Washington DC – Argos Utilities Corporation announced the completion of a private equity investment by Cadent Energy Partners I, L.P. Cadent provided a $30 million equity commitment to Argos Utilities Corporation, a newly formed company that will serve as the platform for an acquisition and growth strategy within the electric transmission and distribution services market initially focused in the southeastern United States. A portion of the equity commitment was used at closing to fund the acquisition of Richardson-Wayland Electrical Company LLC based in Roanoke, Virginia. Founded in 1913, Richardson-Wayland Electrical Company LLC provides transmission, distribution and traffic signal services to customers including Dominion Power Company and the Virginia Department of Transportation.

William F. Quinn, previously the president of The Shaw Group Inc.’s Transmission and Distribution Services Division, which included Shaw Energy Delivery Services Inc., (formerly Duke Energy Delivery Services Inc.) will serve as President and CEO of Argos Utilities Corporation. Brian P. Quinlan, previously vice president of The Shaw Group Inc.’s Transmission and Distribution Services Division, will serve as Executive Vice President and CFO of Argos Utilities Corporation. Alan W. Slepian, previously Assistant General Counsel of PG&E Corporation’s National Energy Group, will serve as Senior Vice President and General Counsel of Argos Utilities Corporation. The entire management team and organization of Richardson-Wayland Electrical Company LLC will remain intact and form the foundation for Argos Utilities Corporation’s growth strategy.

The remainder of Cadent’s equity commitment and additional debt financing will be used to fund future acquisitions and organic growth initiatives.

“We are very excited to launch Argos Utilities with Richardson-Wayland, a solid, long-standing and professional operating company, as the cornerstone of our acquisition and growth strategy,” said Bill Quinn, President and CEO of Argos Utilities Corporation. “We are also very pleased with our decision to partner with Cadent Energy Partners. They have demonstrated their ability to analyze investment opportunities and make good decisions quickly.”

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