4Front Wins $4.2 Million Contract.LONDON--(BUSINESS WIRE)--July 21, 1998--4Front Technologies, Inc. ("4Front") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. /EASDAQ SYMBOL FFTI FFTI Federazione Field Target Italia (Italian) FFTI Feel Free to Ignore ) today announced that following a 3 month pilot contract, it has been awarded a major new computer service and support contract by ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Dealer Services (UK) Ltd. a subsidiary of Automatic Data Processing Same as data processing. Inc., the largest automotive computing services company in the world. The contract is worth approximately $4.2 million over 3 years for which 4Front will provide hardware support and software and hardware installation services to approximately 180 car dealerships serviced by ADP throughout the UK. The ADP contract was won against a background of other important new business wins and successful renewals of existing major service contracts. For example: -- 4Front has just won a new support contract with the Office of National Statistics, a further successful penetration of the UK government marketplace, which is worth $1 million over 3 years. -- 4Front has also just successfully renewed two of its largest existing maintenance and support contracts with Halliburton, Brown and Root and the London Borough of Tower Hamlets “Tower Hamlets” redirects here. For other uses, see Tower Hamlets (disambiguation). Halliburton, Brown and Root contract has now increased and is worth approximately $2.6 million per year, and total support business with Tower Hamlets Tower Hamlets, inner borough (1991 pop. 153,500), of Greater London, SE England. Tower Hamlets was formed in 1965 by the merger of the metropolitan boroughs of Bethnal Green, Poplar, and Stepney. , including the recent new help-desk contract, is now worth approximately $2 million over 3 years. Anil Doshi, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 4Front said, "We are delighted to be working with a company such as ADP, which is a market leader in the automotive and computer service industries. We look forward to working closely with ADP on this contract which is one of the largest yet won by 4Front and which becomes the 18th contract worth over $1 million a year currently under 4Front management." Naveen Judah, Finance Director of ADP Dealer Services (UK) Ltd, said, "We are very pleased to be working with 4Front in the UK and look forward to working closely with them. We are also interested in developing pan-European IT support partnerships for our European operations and we expect that 4Front's current expansion of its service capabilities in Europe will provide additional opportunities for ADP and 4Front to work together in the future." 4Front Technologies, Inc. is a leading provider of information technology ("IT") solutions, which consist of specialized computer services and complementary products, primarily to blue chip corporations and government authorities in the United Kingdom and, to a growing extent, in Continental Europe. 4Front's solutions include hardware maintenance, help desk support, network services, specialized software services and products and the supply of high-end storage systems. 4Front's customers include British Petroleum, British Telecom, Computer Sciences Corporation, Dupont, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , JP Morgan, NatWest Capital Markets, Pfizer, Reuters and the UK Ministry of Defense. For further information please contact: Mark Ellis/Ken Newell, 4Front Technologies Inc. + 44 (0) 171 269 5800 UK IR Matthew Hooper, Shandwick +44 (0) 171 329 0096 USA IR Gregory Pettit, Shandwick +1 212 686 6666 Trade, Nick Morris, Miller/Shandwick +44 171 240 8666 CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact: Gregory Pettit / Jennifer Hendrickson Shandwick Tel: 212/591-9772 / 9820 or Matthew Hooper (U.K. Investor Relations) Shandwick Consultants Tel: 011-44-171-329-0096 or Mark Ellis or Ken Newell 4Front Technologies, Inc. Tel: 011-44-171-269-5848 |
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