Business Services Industry
WidePoint Company iSYS Awarded Contracts with Three Federal Agencies
Business Wire, April 23, 2008
Contract Awards Valued at More Than $7 Million Over the Next Year
WASHINGTON -- WidePoint Corporation (AMEX:WYY), a leading provider of advanced information technology, identity assurance and mobile telecom expense management services, today announced expanded contract awards for its iSYS subsidiary by the Department of Homeland Security (DHS), Washington Headquarters Services (WHS), an agency of the Department of Defense (DoD) that provides services for many DoD agencies and organizations, and the Transportation Security Administration (TSA). The contract awards are expected to generate over $7 million of incremental recurring revenues over the coming 12 months with options allowing for continued growth and expansion of these contracts.
Steve Komar, CEO of WidePoint, said, "We are extremely pleased to have been awarded these contracts. Our position as the largest provider of mobile telecom managed services to the federal government continues to expand with these awards. We have witnessed continued adoption of our services with WHS adding the Office of the Secretary of Defense and the Pentagon Force Protection Agency, and as DHS and TSA continue to expand the rollout of our services throughout their respective agencies."
Jin Kang, President of iSYS, added, "These awards reflect both the value and strength of our offering, and the quality of our past performance, to the multitude of new agencies to whom we have commenced marketing under our Federal Strategic Sourcing Initiative or FSSI contract, awarded in January 2008. We are excited about the reception our services are receiving and the many opportunities available to us in the next several months. We look forward to participating in the high-growth potential that this marketplace is exhibiting in 2008."
About WidePoint
WidePoint is a leading provider of advanced information technology products and services including identity management and information assurance services, forensic informatics and wireless technology services. WidePoint has three wholly owned subsidiaries holding major contracts, Operational Research Consultants, Inc. (ORC), iSYS, LLC, and WidePoint Illinois. WidePoint enables organizations to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. For more information, visit http://www.widepoint.com.
An investment profile about WidePoint may be found at http://www.hawkassociates.com/profile/wyy.cfm.
> For investor relations information regarding WidePoint, visit http://www.hawkassociates.com and http://www.americanmicrocaps.com, or contact Frank Hawkins or Cale Smith, Hawk Associates, at 305-451-1888, e-mail: widepoint@hawkassociates.com. To receive notification of future releases via e-mail, subscribe at http://www.hawkassociates.com/about/alert/.> Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.Most Recent Business Articles
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