Iron Eagle Group Signs Over $17,000,000 of New Awards in the Last Ten Days


NEW YORK, NY--(Marketwire - Sep 19, 2012) - Iron Eagle Group, Inc. (OTCQB: IEAG), a construction and contracting services provider in the infrastructure, commercial, and government markets, today announced that Tru-Val Electric, its 100% owned subsidiary, has signed over $17,000,000 of new awards in the last ten days. These include the SUNY Academic Building, the Paramount Building renovation and the Paramount parking garage addition. Tru-Val will be responsible for the electrical work for these projects.

The SUNY Academic Building is a new 118,000 square feet, 9 story, state-of-the-art training facility and will be located in downtown Brooklyn. It is being constructed adjacent to the SUNY Downstate Medical Center, SUNY's existing basic life science facility that Tru-Val has also previously constructed. This is a continuation of Tru-Val's 10 year relationship with SUNY.

The Paramount Building is part of the Beacon complex in Jersey City, NJ. It is a 22 story complete gut and renovation of the existing facility into a doorman luxury building with 231 apartments and a gym. Tru-Val also won the award to install the electric work for the building's new garage complex.

About Tru-Val Electric
With over one hundred and twenty-five employees, Tru-Val Electric, a wholly owned subsidiary of Iron Eagle Group, Inc., has grown to become a regional leader in the electrical contracting field in New York and New Jersey. They have built their reputation with a staff of professionals dedicated to the success of their clients, in the public and private sectors. For almost 50 years, Tru-Val has provided design-build services, wiring, and equipment installations. Tru-Val has integrated "green technology" into many of their projects, particularly public projects for school agencies and utility authorities. In the past few years, Tru-Val has emerged as one of the leaders in electrical contracting field for both solar panel and power installations. As one of only a few electrical contracting firms with operations in both New York and New Jersey this type of operation gives Tru-Val a significant competitive advantage in the ever growing and emerging metropolitan area work place.

Key clients include the New York Power Authority, Port Authority Bus Terminal, Department of Environmental Protection, Madison Square Garden, NYC School Construction Authority, MTA, PSE&G, and Albert Einstein College of Medicine. For more information on Tru-Val Electric, please visit For more information, please visit Iron Eagle's website at

Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.

Iron Eagle Group, Inc.
Mr. Jason M. Shapiro, CFA, CPA, J.D.
Chief Financial Officer
Phone: +1 (917) 969-4845
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