P R E S S R E L E A S E

Release Date: June 17, 2003

PINNACLEONE/BARNHART RECEIVE CONTRACT FOR PROGRAM & CONSTRUCTION MANAGEMENT FROM POWAY UNIFIED

SAN DIEGO
- The PinnacleOne/Barnhart joint venture team was awarded a program, project and construction management contract from the Poway Unified School District. The joint venture team is made up of PinnacleOne and Douglas E. Barnhart, Inc.

The team will oversee the planning and execution of a $251 million program to repair, renovate and expand 24 of the district’s schools. $198 million of funding for the projects is made possible by the November 2002 passage of Proposition U by Poway Unified School District voters.
According to the school district, facilities originally built for 500 children currently have as many as 800 children attending. The oldest school building in the school district was built in 1949. Many of the school district's buildings were constructed in the mid ‘70s and are now nearly 30 years old. Much of the original wiring, plumbing, mechanical systems, and structures remain in place. The program, as managed by PinnacleOne/Barnhart, will replace aging portable classrooms, upgrade inadequate plumbing and electrical systems, install more energy efficient mechanical systems, bring school sites into compliance with current safety and access codes, and build new permanent classrooms to relieve current overcrowding.

NTD Architects has been selected as the architect for the first five school projects and the district plans to start construction of the first four projects in the summer of 2004.

PinnacleOne/Barnhart is currently managing a similar program for the Oceanside Unified School District, which includes $125 million bond funding to renovate and repair existing school facilities.

Representing the joint venture are Jerry King, Mark Claussen, Layne Arthur and Latrell Cronister. Doug Mann and Mark Miller are representing the district, along with Superintendent Don Phillips, Deputy Superintendent John Collins and a Citizens’ Oversight Committee.