ForeRunner Optimistic about 2009 Growth, Increases Budget

Denver-based ForeRunner Corporation has announced an optimistic growth forecast for 2009. In a letter to employees, CEO Creg Hughes confirmed a 2009 budget increase for revenue and man-hours, as well as a move to a new 50,000 sq. ft. headquarters.

According to Hughes, "We exceeded our revenue and man-hour goals in 2008 and plan to meet or exceed the 2009 growth target laid out in our five-year plan."

ForeRunner, a diversified project management and engineering firm with 250 employees, is headquartered in Denver, CO with offices in Rifle and Durango. Ranked as one of the top-twenty Best Companies to Work For in Colorado, ForeRunner provides a wide range of professional and field services to oil and gas industry clients across North America.

According to Doug Williams, Chief Operating Officer, "Our ability to manage and execute projects, from wellhead to burner-tip is second-to-none. We are project managers with decades of experience in design, engineering, operation and maintenance of every phase of the oil & gas Industry." Hughes added that ForeRunner has adopted an aggressive business development posture to meet the challenges of a fluctuating U.S. economy. "By investing heavily in business development, we are in a position not only to increase our client retention rate, but also to aggressively pursue domestic and international markets where we can apply our expertise in project management."

Chairman of the Board Bill Groskopf concluded, "We are in the era of the custom-tailored project. Project management must be tailored to the individual client to the extent that the lines of distinction between client and service-provider are blurred. We literally become an extension of our client's project development group."



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