America's Job Bank Adds $52 Million to NaviSite Contract; Move Reinforces AJB's Commitment to Web-Based Technology.Business Editors/High-Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--Nov. 25, 2003 NaviSite, Inc. (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 : NAVI NAVI Nuclear Arms Verification Instrument NAVI New Analog Video Interface ), a leading provider of application management, content distribution, messaging and infrastructure management services, today announced that the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Department of Labor has added $52 million dollars to its existing contract with NaviSite subsidiary, ClearBlue Technologies Management, Inc. (CBTM) to provide development and hosting management services in support of the America's Job Bank Web site. America's Job Bank is a 20-year-old labor exchange network developed by the U.S. Department of Labor and state employment service offices to link employers and job seekers job seeker also job·seek·er n. One who seeks employment. . This new commitment amends AMENDS. A satisfaction, given by a wrong doer to the party injured for a wrong committed. 1 Lilly's Reg. 81. 2. By statute 24 Geo. II. c. 44, in England, and by similar statutes in some of the United States, justices of the peace, upon being notified of an its existing five-year, $83 million hosting and services contract, by providing up to an additional $52 million to meet the projected contract needs until the expiration of the contract in 2005. "Over the past 3 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time New York State Department of Labor has been a great partner as we have worked together to create, host, and manage a world-class online employment solution. We are very pleased that they have demonstrated further commitment to NaviSite by providing sufficient latitude to continue to grow the already successful America's Job Bank initiative," said Denis Denis, king of Portugal: see Diniz. Martin, senior vice president of Corporate Development for NaviSite. In 1995, the Syracuse, NY-based service provider, AppliedTheory (later acquired by CBTM), first helped the Department of Labor to move the application online and began hosting and supporting the America's Job Bank Website. Today, America's Job Bank is the world's largest job bank and currently has more than 600,000 resumes posted and 960,000 job openings for government and private sector jobs. The site receives in excess of 5.5 million hits per week. About NaviSite, Inc. Founded in 1997, NaviSite, Inc, (NASDAQ: NAVI) is a leading provider of application management, content distribution, messaging and infrastructure management services for more than 800 customers consisting of mid-market enterprises, divisions of large multinational companies, and government agencies. For more information, please visit http://www.navisite.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that address a variety of subjects, including cost savings and efficiency gains. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward- looking statements: NaviSite's recent acquisitions may not produce expected cost savings, operational efficiencies or revenues; NaviSite's products, technologies and resources may not successfully interoperate with the technology, resources and/or applications of third parties; further slow down in general economic conditions; the loss of customers due to the shutdown of their businesses; decreased or delayed purchase patterns of prospective or current customers or loss of current customers and market consolidation; the decreased renewal rate of our customers; increased competition and technological changes in the markets in which NaviSite competes; the effects of any combination involving ClearBlue Technologies, Inc. and affiliated entities; the effects of any future acquisitions of businesses or technologies; changes in the uses of the Internet; and possible failure of systems or internal infrastructure. For a detailed discussion of these and other cautionary statements, please refer to the filings made by NaviSite with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. of NaviSite and the most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. of NaviSite. |
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