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American Systems Corporation Names New CEO.


CHANTILLY, Va. -- American Systems Corporation (ASC ASC - American Society of Cinematographers
ASC - ASCII (File Name Extension)
ASC - Authorized Service Center
ASC - Abnormal State Condition
ASC - Abnormal Station Codes
ASC - Abnormal Station Condition (Hekimian)
ASC - Above Suspended Ceiling (architecture)
ASC - Academic Staff College
ASC - Academic Success Center
ASC - Access Service Company
ASC - Access Service Coordinator
ASC - Accounting Service Center
ASC - Accounting Standards Committee
), one of the largest locally based federal contractors in the D.C. area, announced today that it has appointed William C. Hoover, President and Chief Executive Officer, effective June 27, 2005. A well-known and respected executive in the information systems and services sector, Mr. Hoover brings more than 25 years experience in managing growth, building shareholder value and leading dynamic organizational change. He formerly held positions as President & Chief Operating Officer of Dynamics Research Corporation; President & Chief Operating Officer of PRC, Inc.; and Executive Vice President of BDM International.

"I have known and worked with Bill for 20 years and am extremely pleased that he will lead ASC during this exciting time," said Don Burklew, chairman of ASC's Executive Search Committee. "I am very confident that he will make an immediate and positive impact on the company."

"ASC is an exciting company and I am pleased to join it," said Bill Hoover, "I am a strong proponent of employee ownership and, with the other employees of ASC, look forward to continuing to build the value of our company."

Mr. Hoover is a graduate of the U.S. Naval Academy, attended the University of Michigan's Executive Management Program, and resides in McLean, Virginia with his family. Mr. Hoover has been active in various professional and civic organizations including ITAA, Electronics Industry Association, AFCEA AFCEA - Armed Forces Communications & Electronics Association, Leukemia Society of America and Marymount University Business School Board of Advisors among other organizations.

ASC is a 100% employee owned company and has achieved phenomenal success in the 7 1/2 years that it has been 100% employee owned. Specifically, its revenues and profits have more than quadrupled and its stock value has grown at a 30% compound growth rate
Compound growth rate
See: Compound Annual Growth Rate
 over the last six years. Mr. Hoover and ASC are extremely excited about their future relationship and the future success of the Company.

About American Systems Corporation (ASC)

ASC is a privately held, employee-owned company headquartered in northern Virginia. The company employs approximately 1,400 employees in 22 offices nationwide and provides a full range of information technology, consulting, and training services.

ASC business lines include systems engineering and professional technical services, training services and simulation products, software development, systems and network integration, national rollouts of network and point-of-sale systems, security solutions, and related information technology services. ASC serves clients in the government, defense, telecommunications, commercial, and retail markets.

ASC has enjoyed tremendous growth over the past ten years and is now one of the largest Employee Stock Ownership Plan (ESOP) companies in the country. The company has successfully completed five major acquisitions in the past four years.

For more information, please visit www.2asc.com
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 20, 2005
Words:445
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