Business Services Industry
ATS Corporation Awarded Library of Congress Contract Valued up to $14 Million
Business Wire, Sept 24, 2007
MCLEAN, Va. -- ATS Corporation ("ATSC" or the "Company") (OTCBB:ATCT.OB), today announced that it has been awarded the Global Legal Information Network ("GLIN") contract in support of the Law Library of Congress ("LLOC"). The contract award has a five year period of performance including the base year and four option years with an estimated total contract value of $14 Million.
Under this contract, ATSC will host, maintain and enhance GLIN.gov and a supporting distance learning program. Currently available in 13 languages, ATSC will add Hebrew and simplified Chinese language support for GLIN.gov in the first contract year.
"ATSC has three years of experience providing IT support services to the Law Library of Congress," said ATSC Vice President Doug Manning. "This contract represents a significant step forward in our relationship with the LLOC and we look forward to strengthening our partnership over the next five years."
Congress established its Law Library in 1832. It has grown over the years to become the world's largest law library, with a collection of over three million volumes, covering virtually every jurisdiction in the world. GLIN.gov contains a publicly available database of official texts of laws, regulations, judicial decisions, and other legal sources contributed voluntarily by over 40 countries and international organizations.
About ATS Corporation
ATS Corporation operates through its subsidiaries, ATS, Reliable Integration Services, Potomac Management Group ("PMG"), and Appix, Inc. ("Appix").
ATS Corporation is a leading provider of systems integration and application development, IT infrastructure management and strategic consulting services to U.S. federal and state and local government agencies, financial institutions and government sponsored enterprises. Since its founding in 1978, ATS has been recognized for its custom software development and software integration capabilities and its deep domain expertise in federal government financial, human resource and data management systems. ATS has built and implemented over 100 mission-critical systems for clients.
Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 26, 2007. In addition, the forward-looking statements included in this press release represent our views as of September 24, 2007. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to September 24, 2007.
Additional information about ATSC may be found at www.atsva.com.
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