WidePoint Company iSYS Awarded IDIQ Contract Valued Up to $93M
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FAIRFAX, Va.--(Business Wire)--WidePoint Corporation (AMEX:WYY), a leading provider of advanced information technology products and services including identity management and information assurance services, forensic informatics and wireless technology services, today announced its wholly owned subsidiary, iSYS, was awarded a contract with the General Services Administration (GSA) under the Federal Strategic Sourcing Initiative (FSSI) to support wireless telecommunications expense management (TEM) services for multiple federal agencies. The indefinite delivery/indefinite quantity (IDIQ) contract is valued up to $93 million over a five-year period. iSYS is the largest provider of wireless TEM services to the federal government. This new award provides iSYS the opportunity to continue to expand its offerings across an additional 15 federal government agencies. WidePoint CEO Steve Komar said, "Mobile technology management is an emerging growth area and we are pleased to have won such a critical, high profile award. This award highlights the impact that we believe iSYS will have on our business and further validates the strength of its management and capabilities." Jin Kang, President of iSYS, said, "We are extremely pleased to have been selected by the GSA for this award. High visibility contract awards like this one validate the value inherent in our proprietary software and federal government contracting experience. We look forward to the high-growth potential that this marketplace offers in 2008 and beyond." 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), and 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/wyyprofile.aspx. For investor relations information regarding WidePoint, contact Cale Smith or Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: info@hawkassociates.com. 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. For WidePoint Corporation, Oakbrook Terrace, Ill. Hawk Associates, Inc. Frank Hawkins and Cale Smith, 305-451-1888 E-mail: info@hawkassociates.com http://www.hawkassociates.com Copyright Business Wire 2008
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