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Exhibit 99.1
PITT-DES MOINES, INC.
Town Center One, 1450 Lake Robbins Drive, Suite 400, The Woodlands, TX 77380
281-765-4600 FAX: 281-765-4602
NEWS RELEASE
For further information, contact: R. A. Byers, Vice President Finance
PDM HIRES INVESTMENT BANKER
THE WOODLANDS, TX, JULY 10, 2000 -- Pitt-Des Moines, Inc. (AMEX: PDM)
announced today that it has engaged the firm of Tanner & Co., Inc. as the
Company's financial advisor, to assist the Company's Board of Directors'
consideration of strategic alternatives to enhance shareholder value, including
the potential sale or other disposition of part or all of the Company.
Pitt-Des Moines, Inc. is a 108-year-old diversified company that operates
in two business segments: Heavy Construction and Steel Distribution. The
company's Heavy Construction business designs and builds tanks and systems for
liquid and low-temperature cryogenic storage, fabricates steel bridges,
fabricates and erects steel structures for buildings, and designs and builds
water storage systems. PDM Steel Service Centers distribute and provide value-
added processing for a full line of heavy carbon steel products through eight
steel service centers and three culvert pipe facilities.
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