Fortress International Group, Inc. Reports Second Quarter 2011 Financial Results

Achieves Second Quarter Net Income of $2.0 Million and Adjusted EBITDA of $1.3 Million on $10.5 Million in Revenue Backlog as of June 30, 2011 Increases to $41.1 Million Fortress International Group, Inc. (Other OTC: FIGI) today announced financial results for the second quarter ended June 30, 2011. Second Quarter 2011 Financial Highlights: Revenue of $10.5 million, compared with $22.7 million in the second quarter of 2010 Gross profit of $3.9 million, an increase of 22% over $3.2 million in the second quarter of 2010 Net income of $2.0 million, or $0.15 and $0.13 per basic and diluted share, respectively, compared with $0.4 million, or $0.03 per basic and diluted share in the second quarter of 2010. Net income for the second quarter of 2011 included $0.9 million in other income, primarly related to a one-time legal settlement Adjusted EBITDA of $1.3 million, compared with adjusted EBITDA of $0.8 million in the second quarter of 2010 Backlog of $41.1 million at June 30, 2011 Cash and cash equivalents totaling $7.3 million as of June 30, 2011 Working capital of $8.6 million as of June 30, 2011 Financial Highlights for the Six Months Ended June 30, 2011: Revenue of $20.1 million, compared with $39.8 million in the six months ended June 30, 2010 Gross profit of $8.0 million, an increase of 40% over $5.7 million in the six months ended June 30, 2010 Net income of $3.0 million, or $0.22 and $0.21 per basic and diluted share, respectively, compared with $0.1 million, or $0.01 per basic and diluted share in year-ago period. Net income for the six months ended June 30, 2011 included $0.9 million in other income, primarily related to a one-time legal settlement Adjusted EBITDA of $2.6 million, compared with adjusted EBITDA of $0.8 million for the six months ended June 30, 2010