DynCorp Agrees to Acquire Phoenix Consulting Group, Inc.

Mon Sep 28, 2009 11:57am EDT

* Reuters is not responsible for the content in this press release.

Acquisition Expected to Expand DynCorp International`s Services to Intelligence
Community and National Security Clients
FALLS CHURCH, Va.--(Business Wire)--
DynCorp International LLC, a wholly-owned subsidiary of DynCorp International
Inc. (NYSE:DCP), has entered into a definitive agreement to acquire 100% of the
stock of Phoenix Consulting Group, Inc. Phoenix provides its proprietary
training courses and materials and management consulting and augmentation
services to the intelligence community. Terms of the transaction were not
disclosed. The acquisition is expected to expand DynCorp International`s
services to the intelligence community and national security clients. DynCorp
International intends to fund the purchase price with cash on hand. 

Phoenix is a private company headquartered in Alexandria, Virginia. Phoenix has
offices in Virginia and Arizona and employs approximately 400 full-time and
part-time professionals. Most of these employees possess security clearances,
many at the Top Secret level. Phoenix`s offerings include:

* Highly specialized and proprietary training courses to experienced
professionals within the intelligence, counterintelligence, special operations
and law enforcement communities. 
* Strategic, professional level and technical advisory and support services to
government and military organizations.

Phoenix will operate as a wholly-owned subsidiary and be consolidated as a
business unit within the Global Stabilization and Development Solutions division
(GSDS). 

"This acquisition is consistent with our goal of accelerating growth, expanding
service offerings and penetrating new segments," said DynCorp International
President and CEO William L. Ballhaus. "Phoenix`s talent complements DynCorp
International`s business and extends our ability to deliver compelling services
to the intelligence community and national security clients. This acquisition
will continue to strengthen DynCorp International as a leading provider of
specialized mission-critical services to civilian and military government
agencies worldwide." 

"We are extremely pleased and look forward to joining DynCorp International.
This combination will provide us opportunities for expansion of our training and
services to meet the changing and challenging conditions our Nation faces in the
coming years. DynCorp International and Phoenix share a common commitment to
serve willingly, perform relentlessly, and act ethically," said John A. Nolan,
III, Chief Executive Officer of Phoenix. 

KippsDeSanto & Co. acted as exclusive financial advisor to Phoenix Consulting
Group. 

The transaction is subject to customary closing conditions and is expected to
close during October 2009. 

About Phoenix Consulting Group, Inc.

Phoenix Consulting Group, Inc. and its over 400 employees provide intelligence
training, consultative and augmentation services to a wide range of client
organizations. Phoenix Consulting Group`s offerings include:

* Highly specialized and relevant training for intelligence,
counterintelligence, special operations and law enforcement personnel. 
* Dedicated, experienced personnel for service support to government and
military organizations. 
* Subject matter expert and support services to assist the government and
military communities in overcoming the challenges of today and tomorrow.

Phoenix Consulting Group is headquartered in Alexandria, VA. For more
information, visit www.intellpros.com. 

About DynCorp International

DynCorp International Inc. (NYSE:DCP), through its wholly-owned subsidiary
DynCorp International LLC, is a provider of specialized mission-critical
services to civilian and military government agencies worldwide, and operates
major programs in law enforcement training and support, security services, base
operations, aviation services, contingency operations, and logistics support.
DynCorp International is headquartered in Falls Church, Va. For more
information, visit www.dyn-intl.com. 

Safe Harbor Language

Some of the statements contained in this press release are considered
"forward-looking statements" under the federal securities laws. These
forward-looking statements are based on estimates and assumptions made by
DynCorp International`s (the "Company") management that, although believed by
the Company to be reasonable, are inherently uncertain. Forward-looking
statements involve risks and uncertainties, including, but not limited to,
economic, competitive, governmental, and technological factors outside of the
Company`s control that may cause its business, strategy or actual results or
events to differ materially from the statements made herein. These risks and
uncertainties may include, but are not limited to, the following: our ability to
close the acquisition of Phoenix on a timely basis; our ability to integrate
Phoenix into our operations; our substantial level of indebtedness; policy
and/or spending changes implemented by the Obama administration; termination of
key U.S. government contracts; changes in the demand for services the Company
provides; pursuit of new commercial business in the U.S. and abroad; activities
of competitors including bid protests; changes in significant operating
expenses; changes in availability of or cost of capital; general political,
economic and business conditions in the U.S. and abroad; acts of war or
terrorist activities; variations in performance of financial markets; the
inherent difficulties of estimating future contract revenue; anticipated revenue
from indefinite delivery, indefinite quantity contracts; expected percentages of
future revenue represented by fixed-price and time-and-materials contracts; and
other risks detailed from time to time in the Company`s reports filed with the
Securities and Exchange Commission. Given these risks and uncertainties, you are
cautioned not to place undue reliance on forward-looking statements. The
Company`s actual results could differ materially from those contained in the
forward-looking statements. The Company undertakes no obligation to publicly
update or revise any forward-looking statement as a result of new information,
future events or otherwise, except as required by law. 



DynCorp International
Douglas Ebner, 817-224-7822 



Copyright Business Wire 2009

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