EXHIBIT 99.3

STANLEY BAKER HILL, LLC

Beaver, Pennsylvania

Unaudited Financial Statements

For the years ended December 31, 2008 and 2007



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CONTENTS



|                                                           |  |      |   | 
|---------------------------------------------------------- |  | ---- | - | 
|                                                           |  | Page |  
|FINANCIAL STATEMENTS                                       |  |      |   | 
|                                                           | 
|Balance Sheets, December 31, 2008 and 2007                 |  |      | 1 | 
|                                                           | 
|Statements for the years ended December 31, 2008 and 2007: |  |      |   | 
|                                                           | 
|Operations and Changes in Members Equity                  |  |      | 2 | 
|                                                           | 
|Cash Flows                                                 |  |      | 3 | 
|                                                           | 
|Notes to Financial Statements                              |  |      | 4 | 



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STANLEY BAKER HILL, LLC

BALANCE SHEETS



|                                                                            |  |              |            |  |      |   |            | 
|--------------------------------------------------------------------------- |  | ------------ | ---------- |  | ---- | - | ---------- | 
|                                                                            |  | December 31, |           
|                                                                            |  | 2008         |            |  | 2007 |  
|ASSETS                                                                      |  |              |            |  |      |   |            | 
|Current Assets                                                              |  |              |            |  |      |   |            | 
|Cash and cash equivalents                                                   |  | $            | 4,386,007  |  |      | $ | 3,434,247  | 
|Receivables                                                                 |  |              | 22,627,433 |  |      |   | 14,357,702 | 
|Costs and estimated earnings in excess of billings on uncompleted contracts |  |              | 476,702    |  |      |   | 551,923    | 
|Prepaid expenses                                                            |  |              | 479,845    |  |      |   | 633,565    | 
|                                                                            |  |              |            |  |      |   |            | 
|Total Current Assets                                                        |  |              | 27,969,987 |  |      |   | 18,977,437 | 
|EQUIPMENT AND SOFTWARE, net                                                 |  |              | 7,501      |  |      |   | 18,843     | 
|                                                                            |  |              |            |  |      |   |            | 
|TOTAL ASSETS                                                                |  | $            | 27,977,488 |  |      | $ | 18,996,280 | 
|                                                                            |  |             
|LIABILITIES                                                                 |  |              |            |  |      |   |            | 
|Current Liabilities                                                         |  |              |            |  |      |   |            | 
|Accounts payable                                                            |  | $            | 21,433,530 |  |      | $ | 13,130,359 | 
|Billings in excess of costs and estimated earnings on uncompleted contracts |  |              | 942,154    |  |      |   |           | 
|Other current liabilities, including accrued distributions                  |  |              | 60,470     |  |      |   | 1,419,830  | 
|                                                                            |  |              |            |  |      |   |            | 
|Total Current Liabilities                                                   |  |              | 22,436,154 |  |      |   | 14,550,189 | 
|                                                                            |  |             
|MEMBERS EQUITY                                                             |  |              |            |  |      |   |            | 
|MEMBERS EQUITY                                                             |  |              | 5,541,334  |  |      |   | 4,446,091  | 
|                                                                            |  |              |            |  |      |   |            | 
|TOTAL LIABILITIES AND MEMBERS EQUITY                                       |  | $            | 27,977,488 |  |      | $ | 18,996,280 | 



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STANLEY BAKER HILL, LLC

STATEMENTS OF OPERATIONS AND CHANGES IN MEMBERS EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007



|                                             |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|-------------------------------------------- |  | ------ | ----------- | - | ------------------------------- |  | ----- | ------ |  | - | ------------------------------- | - |  |  | ----- | -
|                                             |  | 2008   |             |   | 2007                            | 
|                                             |  | Amount |             |   | Percent ofContractRevenueEarned |  |       | Amount |  |   | Percent ofContractRevenueEarned |  
|CONTRACT REVENUE EARNED                      |  | $      | 130,408,583 |   |                                 |  | 100.0 | %      |  | $ | 77,226,356                      |   |  |  | 100.0 | %
|COST OF REVENUE EARNED                       |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|Direct costs                                 |  |        | 70,734,042  |   |                                 |  | 54.2  |        |  |   | 45,261,638                      |   |  |  | 58.6  |  
|Indirect costs                               |  |        | 49,981,006  |   |                                 |  | 38.3  |        |  |   | 24,971,364                      |   |  |  | 32.3  |  
|                                             |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|Gross Profit                                 |  |        | 9,693,535   |   |                                 |  | 7.5   |        |  |   | 6,993,354                       |   |  |  | 9.1   |  
|SELLING, GENERAL AND ADMINISTRATIVE EXPENSES |  |        | 577,912     |   |                                 |  | 0.4   |        |  |   | 464,886                         |   |  |  | 0.6   |  
|                                             |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|Income From Operations                       |  |        | 9,115,623   |   |                                 |  | 7.1   |        |  |   | 6,528,468                       |   |  |  | 8.5   |  
|INTEREST INCOME                              |  |        | 79,620      |   |                                 |  | 0.1   |        |  |   | 134,685                         |   |  |  | 0.2   |  
|                                             |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|Net Income                                   |  |        | 9,195,243   |   |                                 |  | 7.2   | %      |  |   | 6,663,153                       |   |  |  | 8.7   | %
|                                             |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|MEMBERS EQUITY                              |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|Beginning of year                            |  |        | 4,446,091   |   |                                 |  |       |        |  |   | 2,366,651                       |   |  |  |       |  
|Distributions                                |  |        | (8,100,000  | ) |                                 |  |       |        |  |   | (4,583,713                      | ) |  |  |       |  
|                                             |  |        |             |   |                                 |  |       |        |  |   |                                 |   |  |  |       |  
|End of year                                  |  | $      | 5,541,334   |   |                                 |  |       |        |  | $ | 4,446,091                       |   |  |  |       |  



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STANLEY BAKER HILL, LLC

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007



|                                                                                            |  |      |            |   |      |   |             |  
|------------------------------------------------------------------------------------------- |  | ---- | ---------- | - | ---- | - | ----------- | -
|                                                                                            |  | 2008 |            |   | 2007 |  
|CASH FLOWS FROM OPERATING ACTIVITIES                                                        |  |      |            |   |      |   |             |  
|Net income                                                                                  |  | $    | 9,195,243  |   |      | $ | 6,663,153   |  
|Adjustments to reconcile net income to net cash provided by operating activities:           |  |      |            |   |      |   |             |  
|Depreciation and amortization                                                               |  |      | 19,082     |   |      |   | 11,944      |  
|Changes in assets and liabilities:                                                          |  |      |            |   |      |   |             |  
|Receivables                                                                                 |  |      | (8,269,731 | ) |      |   | (10,904,519 | )
|Costs and estimated earnings in excess of billings on uncompleted contracts                 |  |      | 75,221     |   |      |   | 502,525     |  
|Prepaid expenses                                                                            |  |      | 153,720    |   |      |   | (525,688    | )
|Accounts payable                                                                            |  |      | 8,303,171  |   |      |   | 10,105,075  |  
|Billings in excess of costs and estimated earnings on uncompleted contracts                 |  |      | 942,154    |   |      |   |            |  
|Other current liabilities                                                                   |  |      | (1,359,360 | ) |      |   | 1,328,593   |  
|                                                                                            |  |      |            |   |      |   |             |  
|Net Cash Provided By Operating Activities                                                   |  |      | 9,059,500  |   |      |   | 7,181,083   |  
|Cash Flows from Investing Activities                                                        |  |      |            |   |      |   |             |  
|Purchases of equipment and software                                                         |  |      | (7,740     | ) |      |   | (12,850     | )
|Cash Flows from Financing Activities                                                        |  |      |            |   |      |   |             |  
|Distributions                                                                               |  |      | (8,100,000 | ) |      |   | (4,911,737  | )
|                                                                                            |  |      |            |   |      |   |             |  
|Net Increase In Cash And Cash Equivalents                                                   |  |      | 951,760    |   |      |   | 2,256,496   |  
|Cash And cash equivalents                                                                   |  |      |            |   |      |   |             |  
|Beginning of year                                                                           |  |      | 3,434,247  |   |      |   | 1,177,751   |  
|                                                                                            |  |      |            |   |      |   |             |  
|End of year                                                                                 |  | $    | 4,386,007  |   |      | $ | 3,434,247   |  
|SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING ACTIVITIES                                       |  |      |            |   |      |   |             |  
|At December 31, 2006, the Company accrued $328,025 in distributions that were paid in 2007. |  |      |            |   |      |   |             |  

See notes to financial statements.



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STANLEY BAKER HILL, LLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2008 AND 2007

NOTE 1ORGANIZATION

Stanley Baker Hill, LLC (Company) is a joint venture formed in February 2004 between Stanley Consultants, Inc. (Stanley), Michael
Baker, Jr., Inc. (Baker) and Hill International, Inc. (Hill). The Company provides various architect-engineer services in Iraq for the U.S. Army Corps of Engineers Transatlantic Program Center (U.S. Corps). The Company has a contract
for an indefinite delivery and indefinite quantity for construction management and general architect-engineer services for facilities in Iraq with U.S. Corps. Anticipated completion of open contracts is likely to occur in September 2009,
barring any additional new or modification to existing contracts obtained in 2009.

NOTE 2SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

A summary of significant accounting policies consistently applied by management in the preparation of the
accompanying financial statements follows:

Use of Estimates  The preparation of financial statements in
conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Operating Cycle  The Companys work is performed under cost-plus-fee contracts and fixed-price contracts. The length of the Companys contracts varies but is typically less than a
year. Assets and liabilities related to long-term contracts are included in current assets and current liabilities in the accompanying balance sheets as they will be satisfied in the normal course of contract completion, although that might require
more than one year at times.

Cash and Cash Equivalents  Company maintains, at various financial institutions,
cash and certificates of deposit that might exceed federally insured amounts at times. For purposes of the statements of cash flows, the Company considers all interest-bearing money market funds and noninterest-bearing accounts to be cash and cash
equivalents.

Revenue Recognition and Contract Accounting  The Company typically incurs direct labor costs,
subcontractor costs and certain other indirect costs (ODCs) in connection with architect-engineer services. Contracts are structured such that margin is earned on labor costs and not on ODCs. The Company includes revenues related to its direct
labor, subcontractors and ODCs in its total contract revenues as long as the Company remains responsible to the client for the acceptability of the services provided.

The Company recognizes revenues under the percentage-of-completion method of accounting. Revenues for the current period on fixed-price contracts are determined by multiplying the estimated margin at
completion for each contract by the projects percentage of completion to date, adding labor costs, subcontractor costs and ODCs incurred to date, and subtracting revenues recognized in prior periods. In applying the percentage-of-completion
method to these contracts, the Company measures



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the extent of progress toward completion as the ratio of labor costs incurred to date over total estimated labor costs at completion. As work is performed under contracts, estimates of the costs
to complete are regularly reviewed and updated. As changes in estimates of total costs at completion on projects are identified, appropriate earnings adjustments are recorded during the period that the change is identified.

The majority of new task orders in 2008 and 2007 were fixed-price contracts, and the remaining new task orders were time and materials
arrangements. For time and materials task orders, revenue is recognized and billed by multiplying the number of hours expended by our professionals in the performance of the contract by the established billing rates.

Provisions for estimated losses on uncompleted contracts are recorded during the period in which such losses are determined. Revenues
related to contractual claims that arise from customer-caused delays or change orders unapproved as to both scope and price are recorded only when the amounts have been agreed with the client. Profit incentives and/or award fees are recorded as
revenues when the amounts are both probable and reasonably estimable.

The current asset, Costs and estimated earnings
in excess of billings on uncompleted contracts, represents revenue recognized in excess of amounts billed. The current liability, Billings in excess of costs and estimated earnings on uncompleted contracts, represents amounts
billed in excess of revenue recognized.

Equipment and Leasehold Improvements  Equipment and leasehold
improvements are stated at the lower of cost or fair value. Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets. Repairs and maintenance that do not extend the lives of the applicable
assets are charged to expense as incurred. Gain or loss resulting from the retirement or other disposition of assets is included in income.

Income Taxes  The Company is organized as an LLC and is not subject to federal or state income taxes. Accordingly, no provision has been made for current or deferred income taxes in these
financial statements. The taxable income of the Company is included in the tax returns of the individual members.

Fair
Value  During 2008, the Company adopted the provisions of Statement No. 157, Fair Value Measurement (FAS 157) and Statement No. 159, The Fair Value Option for Financial Assets and Financial
Liabilities (FAS 159) issued by the Financial Accounting Standards Board (FASB). The adoption of FAS 157 and FAS 159 had no impact on its financial statements.

Recent Accounting Pronouncements  The FASB issued Interpretation No. 48, Accounting for Uncertainty in Income
Taxes: an Interpretation of FASB Statement No. 109 (FIN 48), which clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements in accordance with FASB Statement No. 109,
Accounting for Income Taxes. FIN 48 prescribes a recognition threshold and measurement principles for financial statement disclosure of tax positions taken or expected to be taken on a tax return. FIN 48 is effective for the
Company for fiscal years beginning after December 15, 2008. The Company is assessing the impact that the adoption of FIN 48 will have on its financial statements.



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NOTE 3RECEIVABLES

Receivables at December 31, 2008 and 2007 consist of the following:



|                      |  |      |            |  |      |   |            | 
|--------------------- |  | ---- | ---------- |  | ---- | - | ---------- | 
|                      |  | 2008 |            |  | 2007 |  
|Contract receivables: |  |      |            |  |      |   |            | 
|Contracts in progress |  | $    | 22,621,058 |  |      | $ | 14,350,557 | 
|Other receivables     |  |      | 6,375      |  |      |   | 7,145      | 
|                      |  |      |            |  |      |   |            | 
|                      |  | $    | 22,627,433 |  |      | $ | 14,357,702 | 

NOTE 4COSTS AND
ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Costs incurred to date, estimated earnings and the related progress billings
to date on contracts in progress at December 31 are as follows:



|                                                                            |  |      |             |   |      |   |            | 
|--------------------------------------------------------------------------- |  | ---- | ----------- | - | ---- | - | ---------- | 
|                                                                            |  | 2008 |             |   | 2007 |  
|Costs incurred on uncompleted contracts                                     |  | $    | 89,520,628  |   |      | $ | 40,752,084 | 
|Estimated earnings                                                          |  |      | 74,381,259  |   |      |   | 27,881,450 | 
|                                                                            |  |      |             |   |      |   |            | 
|Revenue recognized                                                          |  |      | 163,901,887 |   |      |   | 68,633,534 | 
|Less  Billings to date                                                     |  |      | 164,367,339 |   |      |   | 68,081,611 | 
|                                                                            |  |      |             |   |      |   |            | 
|Costs and estimated earnings in excess of billings on uncompleted contracts |  | $    | (465,452    | ) |      | $ | 551,923    | 



|                                                                                              |  |      |          |   |      |   |         | 
|--------------------------------------------------------------------------------------------- |  | ---- | -------- | - | ---- | - | ------- | 
|                                                                                              |  | 2008 |          |   | 2007 |  
|This information is included in the accompanying balance sheets under the following captions: |  |      |          |   |      |   |         | 
|Costs and estimated earnings in excess billings on uncompleted contracts                      |  | $    | 476,702  |   |      | $ | 551,923 | 
|Billings in excess of costs and estimated earnings on uncompleted contracts                   |  |      | (942,154 | ) |      |   |        | 
|                                                                                              |  |      |          |   |      |   |         | 
|                                                                                              |  | $    | (465,452 | ) |      | $ | 551,923 | 

NOTE 5EQUIPMENT AND
SOFTWARE

Equipment and software at December 31, 2008 and 2007 consist of the following:



|                                |  |      |        |  |      |   |        | 
|------------------------------- |  | ---- | ------ |  | ---- | - | ------ | 
|                                |  | 2008 |        |  | 2007 |  
|Computer hardware               |  | $    | 44,071 |  |      | $ | 36,331 | 
|Furniture and fixtures          |  |      | 2,153  |  |      |   | 2,153  | 
|                                |  |      |        |  |      |   |        | 
|                                |  |      | 46,224 |  |      |   | 38,484 | 
|Less  Accumulated depreciation |  |      | 38,723 |  |      |   | 19,641 | 
|                                |  |      |        |  |      |   |        | 
|                                |  | $    | 7,501  |  |      | $ | 18,843 | 



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NOTE 6RELATED PARTY TRANSACTIONS

The Company engages in significant related-party transactions as a result of the three partners providing a majority of the costs of
contract services. In accordance with the Operating Agreement of the Company, the members also charge the Company for time incurred for management and administrative services at agreed-upon rates. A summary of the related party transactions included
in the financial statements at December 31, 2008 and 2007 is as follows:



|        |  |                 |            |  |                          |   |            |                 |  |   |                          |  |  |   |            | 
|------- |  | --------------- | ---------- |  | ------------------------ | - | ---------- | --------------- |  | - | ------------------------ |  |  | - | ---------- | 
|        |  | 2008            |            |  | 2007                     |  
|        |  | AccountsPayable |            |  | Costs ofServicesIncurred |   |            | AccountsPayable |  |   | Costs ofServicesIncurred | 
|Stanley |  | $               | 6,352,232  |  |                          | $ | 32,843,163 |                 |  | $ | 3,512,189                |  |  | $ | 16,899,473 | 
|Baker   |  |                 | 6,076,186  |  |                          |   | 33,182,914 |                 |  |   | 2,901,519                |  |  |   | 15,418,896 | 
|Hill    |  |                 | 6,378,192  |  |                          |   | 32,772,740 |                 |  |   | 3,392,107                |  |  |   | 15,361,446 | 
|        |  |                 |            |  |                          |   |            |                 |  |   |                          |  |  |   |            | 
|        |  | $               | 18,806,610 |  |                          | $ | 98,798,817 |                 |  | $ | 9,805,815                |  |  | $ | 47,679,815 | 

NOTE 7BACKLOG

The Company had signed contracts to complete approximately $115,394,990 of work in 2009.

NOTE 8COMMITMENTS AND CONTINGENCIES

The Company is a defendant in one legal proceeding encountered in the normal course of its business. Additionally, the Company has received a letter threatening lawsuit over a separate matter. In the
opinion of management, based upon discussion with counsel, the ultimate outcome of these matters will not have a material adverse effect on the financial position or results of operations of the Company.



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