Aduddell Industries Announces Contract with U.S. Communities Government Purchasing Alliance.OKLAHOMA CITY -- Aduddell Industries, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADDL ADDL Additional ADDL Animal Disease Diagnostic Laboratory (University of the Philippines, College of Veterinary Medicine) ADDL American Double Dutch League ADDL Amyloid Beta-Derived Diffusible Ligand .OB) a leading provider of commercial roofing, roofing repair and concrete restoration work, as well as disaster recovery services today announced that Hickman Community Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (HCS HCS - Heterogeneous Computer System A distributed system project. ), a company formed by Aduddell Roofing and Sheet Metal, Inc. and W.P. Hickman Systems, Inc. has been awarded a nationwide contract as the exclusive provider of roofing and re-roofing services for the U.S Communities Government Purchasing Alliance. Aduddell Industries and W.P. Hickman Systems will provide these services through Hickman Community Services, of which Aduddell Industries is the managing member. Tim Aduddell is Chairman of Aduddell Industries and 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 Aduddell Roofing. HCS maintains dual headquarters in Oklahoma City and Solon, Ohio. Under the terms of the contract, U.S. Communities' Participating Agencies will have the ability to procure any of the products and services provided to HCS by Aduddell. The U.S. Communities Government Purchasing Alliance ("U.S. Communities") is a nationwide non-profit strategic sourcing program designed by public purchasing professionals for use by government agencies and public-benefit non-profits throughout the country. U.S. Communities is sponsored by the Association of School Business Officials International (ASBO ASBO Brit antisocial behaviour order ), the National Association of Counties (NACo), National Institute of Governmental Purchasing (NIGP NIGP National Institute of Governmental Purchasing, Inc. ), National League of Cities The National League of Cities is the oldest and largest organization in the United States devoted to strengthening and promoting cities as centers of opportunity, leadership and governance. (NLC NLC National League of Cities NLC National Library of Canada NLC National Library of China NLC Northern Lights College (British Columbia, Canada) NLC North Lake College (Irving, Texas) ) and United States Conference of Mayors The United States Conference of Mayors (USCM) is a nonpartisan organization founded in 1932. Its membership consists of cities in the United States with populations of 30,000 or more. In 2006, it counted 1,139 such cities. Each city is represented in the Conference by its mayor. (USCM USCM United States Conference of Mayors USCM United States Colonial Marines (game) USCM Unmanned Spacecraft Cost Model USCM United States Campus Ministries ). The Alliance currently assists more than 16,000 public agencies out of a potential 87,000 public entities nationwide, including cities, counties, schools, higher education institutions, special districts, state agencies, and non-profits from across the United States in fulfilling a variety of their purchasing needs. "U.S. Communities is excited about the new contract award to HCS. After an open and competitive solicitation process, HCS was selected on the ability to deliver a comprehensive roofing program and to provide best overall value to public agencies nationwide," stated Stephen A. Hamill, General Manager, U.S. Communities, Walnut Creek, CA. "U.S. Communities is confident that the demand is great among public agencies for the HCS program and that the use of this cooperative contract will result in significant time and cost savings to participating public agencies." Currently, approximately $1 billion per year is purchased via U.S. Communities contracts and U.S. Communities estimates that the roofing contract has the potential to reach $100 million in public agency spending per year within three years. Ron Carte, President and Chief Executive Officer of Aduddell said, "This is a significant step in our strategy to grow our core business. The bidding process for this contract took approximately six months from the time that the solicitation was released, and we were selected over many significant players in our industry. Our partner, the roofing manufacturing and supply company W. P. Hickman Systems, has a large experienced sales force and in conjunction with our marketing department will pursue the roofing needs of the agencies active under the alliance. We intend to aggressively expand our marketing efforts across the country so that participating public agencies will become aware of our capabilities." Revenues and expenses will be shared between the partners on a job by job basis relative to each partner's specific effort or materials supplied within the individual jobs. HCS anticipates a minimum of $20 million in sales in the first year of the contract of which approximately 35 % will be in materials and 65 % will be in installation. Carte continued, "Coupled with our previous announcement of a contract with the Navy Seabees, we feel that our core business is now supported by a very strong foundation of high quality, sustainable business. HCS was awarded the exclusive roofing contract with U.S. Communities following a rigorous competitive procedure by Wichita Public Schools USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 259, Kansas. Prior to awarding the contract, U.S. Communities established an advisory committee of government purchasing representatives from Detroit Public Schools Detroit Public Schools (DPS) is a school district that covers all of the city of Detroit, Michigan, United States. The student population of the Detroit Public Schools is 116,800. , Michigan, Harford Schools, Maryland, and Davis Unified Schools, California, as well as the County of Dallas, Texas to assist Wichita Public Schools and U.S. Communities in making this contract award to Hickman Community Services." About Aduddell Industries Aduddell Industries, Inc. is the holding company of Aduddell Roofing, www.aduddell.com, one of the leaders in the commercial roofing industry nationwide. Through Aduddell Roofing and other subsidiaries, Aduddell Industries offers Fortune 500 companies and large governmental agencies a broad range of roofing services, including re-roofing, restoration and repair, new roof construction, sheet metal fabrication, and waterproofing. In addition to work on large projects and high security roofing matters, the company has a nationally recognized track record for handling disaster recovery and emergency projects efficiently and cost effectively. More information about Aduddell Industries can be found at www.aduddell.com. "Safe Harbor" Statement under 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:-- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
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