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ATS Corporation Completes Acquisition of Number Six Software, Inc.


MCLEAN, Va. -- ATS Corporation ("ATSC (Advanced Television Systems Committee) An international digital television (DTV) standard adopted by the U.S., Canada, South Korea, Taiwan and Argentina. ") (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ATCT ATCT Airport Traffic Control Tower (FAA)
ATCT Air Traffic Control Tower
ATCT Air Traffic Control Transponder
ATCT Analog Toll Connecting Trunk
.OB), a leading information technology company that delivers innovative technology solutions to federal, state, and local government organizations, today announced that it has completed the previously announced acquisition of Number Six Software, Inc. ("Number Six"), a provider of application development and information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives.  to both government and commercial customers. This acquisition supports ATSC's strategic growth plan to broaden its information technology services expertise and add new customers in each of ATSC's target sectors.

ATSC Chairman, President and Chief Executive Officer, Dr. Edward Bersoff, stated, "We are pleased to complete the acquisition of Number Six. This transaction adds scale and customers in both government and commercial markets. It also establishes a strong platform for growth in 2008 and beyond and demonstrates our ability to accomplish our priority initiatives."

ATSC expects Number Six to generate annual revenues of approximately $33 million in 2007 with EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  (earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
:EBITDA = Operating Revenue – Operating Expenses + Other Revenue
) unadjusted for potential synergies of approximately $3.6 million. EBITDA is not a recognized term under U.S. generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records.

Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting
 and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activities as a measure of liquidity.

Further, ATSC expects approximately 15% in revenue growth for Number Six in 2008, with $1.5 to $2.0 million in potential EBITDA growth and synergies over the next 12 to 18 months through a combination with ATSC operations. As a result, ATSC expects the transaction to be accretive to earnings in 2008.

About Number Six Software, Inc.

Number Six employs approximately 175 professionals, delivering information technology governance Information Technology Governance, IT Governance or ICT Governance, is a subset discipline of Corporate Governance focused on information technology (IT) systems and their performance and risk management. , software process improvement and custom application development to both commercial and government customers. Headquartered in Vienna, Virginia Vienna is a town in Fairfax County, Virginia, United States. The population was 14,453 at the 2000 census and it has grown by about 3% since[1].

In July of 2005, CNN/Money and Money
 with six satellite offices in the southeast and mid-western United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the Company brings together the teams, methods and processes necessary to resolve risk, define requirements and manage assets throughout the system lifecycle. Additional information about Number Six can be found at www.numbersix.com.

About ATS Corporation and Advanced Technology Systems, Inc.

ATS Corporation operates through its subsidiaries, Advanced Technology Systems, Inc., Reliable Integration Services, and Appix, Inc.

Advanced Technology Systems, Inc. ("ATS") is a leading provider of systems integration and application development, IT infrastructure management and strategic IT consulting services to U.S. federal government agencies. Since its founding in 1978, ATS has been recognized for its custom software development and software integration capabilities and its deep domain expertise in federal government financial, human resource and data management systems. ATS has built and implemented over 100 mission-critical systems for clients.

ATS' financial management software expertise assists clients preparing for the government's increased financial accountability standards. ATS' data management systems expertise allows clients to increase efficiency with better human resource and case management tracking capabilities, while also allowing them to organize and track information easily. Additionally, ATS' IT outsourcing capabilities provide ATS with an opportunity to develop long-term value added Value Added

The enhancement a company gives its product or service before offering the product to customers.

Notes:
This can either increase the products price or value.
 partnerships with clients that allow end-users and government agencies to focus on core mission priorities, while reducing expenditures on systems management.

In addition, ATSC leverages its IT services, management consulting, and software and systems development solutions expertise into financial institutions, insurance companies and government sponsored enterprises through a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Appix, Inc. ("Appix"). Appix is one of the largest providers of outsourced professional services at Fannie Mae Fannie Mae: see Federal National Mortgage Association.  and currently serves many Fortune 500 financial services and insurance companies. Additional information about Appix may be found at www.appix.com.

Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. In particular, this press release contains forward-looking statements about our acquisition of Number Six. Actual results of the above-described transaction may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the following: our ability to successfully integrate the acquired business; our dependence on our contracts with federal government agencies for the majority of our revenue; our dependence on our GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM.  schedule contracts; our position as a prime contractor on government-wide acquisition contracts to grow our business; and other factors discussed from time to time in our filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of November 9, 2007. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to November 9, 2007.

Additional information about ATSC and ATS may be found at www.atsva.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Nov 12, 2007
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