ACS Signs $69 Million Contract With State of California
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DALLAS, April 21 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (NYSE: ACS) today announced it will provide electronic benefit transfer services to the California Health and Human Services Agency under a seven-year, $69 million contract, with an additional three one-year options available. Electronic benefit transfer (EBT) allows recipients to receive their benefits electronically through the use of a debit card. This increases convenience and security for recipients while reducing costs for taxpayers. California clients use the Golden State Advantage card to receive benefits from food stamp and cash benefit programs. ACS will provide comprehensive EBT services in support of the state, including transaction processing, data center services, training of state staff, reconciliation and settlement, and reporting. ACS will also support California families who receive food stamps and/or cash aid by providing an automated call center response unit, as well as live customer service support. "A hallmark of ACS is our ability to improve access to government services through technology," said Lynn Blodgett, ACS president and chief executive officer. "The state's EBT program is one of the largest in the nation and is critical to the well-being of Californians. We'll apply our deep expertise and capabilities to enable these individuals and families to receive the services and benefits they need." ACS will work closely with the state and the counties to design, develop, and test the system in time for a 2009 implementation. "We conducted a tough and competitive procurement. ACS came in prepared to compete and playing to win, and it showed," said Carlos Ramos, director of the California Office of Systems Integration. "ACS' proposal will save taxpayers $21.6 million annually and at the same time improve services to benefit recipients. Through the new 24/7 web site, benefit recipients will have greater access to information that's crucial to their daily lives. This is a step forward in helping fulfill Governor Schwarzenegger's vision of improving Californians' access to government services." EBT services assist about 900,000 California households where members receive benefits from food stamps programs (federal and California Food Assistance Program) and/or cash benefits programs, such as California Work Opportunity and Responsibility to Kids (CalWORKs), Refugee Cash Assistance, General Assistance/General Relief, Cash Assistance Program for Immigrants, and Restaurant Meals Program. Recipients may access benefits by using their Golden State Advantage card at more than 83,000 locations. These include Food and Nutrition Service-authorized retailers, automated teller machines, and retailer locations for cash benefits. ACS serves more than 2 million benefit recipients in 14 states through EBT contracts. The company currently has more than 2,300 employees in California who provide services to commercial and government clients. These include city, county, and state government, as well as businesses in the transportation, education, and healthcare industries. ACS, a global FORTUNE 500 company with 62,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS on the Internet at http://www.acs-inc.com. The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise. SOURCE Affiliated Computer Services, Inc. Investor Relations, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, firstname.lastname@example.org, or Media, Andy Wilson, Director, Corporate Communications, +1-214-841-8004, email@example.com, both of Affiliated Computer Services, Inc.
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