iSYS Maintains 100% Mobile Telecom Services Renewal Rate
WASHINGTON--(Business Wire)--
WidePoint Corporation (NYSE Amex: WYY), a leading provider of advanced
information technology, identity assurance and protection and mobile telecom
expense management (TEM) solutions, announced today that its wholly-owned
subsidiary iSYS has won a follow-on contract with the Department of Homeland
Security (DHS) for TEMs services. The contract ceiling is approximately $24.4M
over a two-year period if all options are exercised.
Jin Kang, president of iSYS, said, "I am very pleased that we are continuing our
partnership with DHS and that we are maintaining a 100% contract renewal rate
with existing TEM customers."
WidePoint CEO Steve Komar said, "The 100% contract renewal rate being
experienced by iSYS demonstrates the effectiveness of our TEM solution to the
federal government in delivering stringent cost controls and superior service.
iSYS continues to provide a unique, differentiated TEM solution for our existing
customers, even as we continue to add new client agencies."
About WidePoint
WidePoint is a leading provider of advanced information technology products and
services including identity assurance and information management and protection
services, forensic informatics and wireless technology services. WidePoint has
several wholly owned subsidiaries holding major contracts, Operational Research
Consultants, Inc. (ORC), iSYS, LLC, Protexx, and WidePoint IL. 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. To receive notification of future
releases via e-mail, 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 our
ability to generate additional funding to finance our capital needs, our ability
to implement our acquisition program and integrate acquired businesses into our
company, our dependence on our key employees and significant customers, changes
in the spending policies or budget priorities of the federal government and
other factors discussed in the company`s Forms 10-K and 10-Q filed with the
SEC.
WidePoint Corporation
Hawk Associates
Frank Hawkins, 305-451-1888
widepoint@hawkassociates.com
http://www.hawkassociates.com
Copyright Business Wire 2009
