Technology Associates Establishes Employee Stock Ownership Plan

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Fri Oct 9, 2009 3:35pm EDT

CARLSBAD, Calif.--(Business Wire)--
Technology Associates International Corporation announced today, the
implementation of an Employee Stock Ownership Plan (ESOP) to expand its
employees` ownership. It is intended that virtually all 400 employees will be
eligible to participate in the plan that will be 100 percent funded by the
Company. The ESOP has initially acquired 30 percent of the Company. The ESOP
shares will be allocated to employee accounts over a number of years. 

"The ESOP will add significantly to our current benefits and to our commitment
to employee ownership," stated Walt Oleski, President and CEO of Technology
Associates International Corporation. "We encourage employee ownership and
involvement with the growth of the company. Studies have consistently shown that
employee-owned companies outperform their peers." 

Technology Associates is a technical, professional services company providing
state-of-the-art solutions to government and commercial clients. Founded in
2001, our services include custom-engineered solutions that integrate with the
latest technology, resulting in advanced information technology systems;
business and management consulting services to assess client needs and
reengineer processes; and strategic and tactical program expertise to support
continuity and provide comprehensive oversight for mission-critical initiatives.
Technology Associates partners with government and commercial agencies that
require development of systems, such as communication systems, asset management,
network deployment and engineering services, power and energy management
solutions, portal applications, command and control, and geospatial information
systems (GIS) to operate more efficiently and profitably. For more information,
visit www.taic.net. 

If you would like more information please contact Paulina Roberts at (760)
603-1195 ext. 1166 or PR@taic.net.

Paulina Roberts
TAIC
(760) 603-1195 ext. 1166
PR@taic.net
www.taic.net

Copyright Business Wire 2009

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