Tier Technologies Announces Finalization of $17.4 Million Contract with State of Kansas to Develop Child Support Payment Center

Business Wire, Nov 23, 1999

Walnut Creek, Calif.--(BUSINESS WIRE)--Nov. 23, 1999--

Tier Technologies, Inc. (Nasdaq: TIER) today announced the finalization of an approximately $17.4 million three-year contract (with three one-year option renewals) with the state of Kansas's Department of Social and Rehabilitation Services (SRS) for the creation of a Kansas Child Support Payment Center.

As previously announced on November 4, 1999, the contract calls for Tier to provide systems integration, application design and development, and operations support to process hundreds of thousands of child support payments annually and to develop innovative Web-based applications for the center. Tier will utilize the Company's proprietary VIPRS(R) application to deliver this solution.

"With this award, Tier has won contracts to develop full service child support payment processing centers in seven states," said James R. Weaver, Tier's President of Government Services. "This growing practice is a key driver of our success in delivering solutions to government agencies, and we look forward to extending our success with this project in Kansas."

Tier Technologies, Inc. provides information technology consulting, application development and software engineering services that facilitate the migration of clients' enterprise-wide systems and applications to leading edge technologies, including e-commerce. Tier serves Fortune 1000 companies and government entities through its offices in the United States, Australia and the United Kingdom.

Certain statements contained herein, including statements regarding the award of contracts related to notices of intent, the development of the Company's services, the markets and future demand for the Company's services, anticipated revenue from awarded contracts, the utilization of resources, and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially from those set forth herein include, but are not limited to, the possible termination of projects by major clients or strategic partners; variations in the timing, initiation or completion of client assignments; the Company's ability to recruit, train and retain IT professionals and key personnel; the Company's ability to effectively manage growth and acquisitions; risks associated with rapid technological advances; and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission, including but not limited to the Company's Form 10-K filed on December 21, 1998.

Tier Technologies...taking the risk out of change(SM).