BTG's Delta Unit in Florida Shares In $50 Million Win.FAIRFAX Fairfax, city (1990 pop. 19,622), historic seat of Fairfax co., NE Va., a residential suburb of Washington, D.C.; inc. 1892, as a city 1961 (at which time it became independent and no longer included in a county). There is some light manufacturing. , Va.--(BUSINESS WIRE)--March 18, 1999--BTG, Inc. (Nasdaq: BTGI) announced that Florida's Okaloosa County School Board has awarded a $50 million program management contract to a team that includes BTG's Delta Research Division. BTG BTG BIT (Built-In Test) Target Generator BTG Bridging the Gap BTG British Technology Group BtG Betreuungsgesetz (Germany) BTG Biomass Technology Group BV BTG Begbies Traynor Group Delta and Sverdrup Facilities Incorporated will be responsible for remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling , renovation, additions, and new projects in the 33 school facilities in Okaloosa County, including installation of a new information technology (IT) network throughout the school system. The contract is a follow-on to a $92 million school construction and renovation program that was awarded to the Sverdrup/Delta by Okaloosa County in 1995. Les Rose, BTG Group Vice President and Director of the Delta Research Division, said the earlier program was an outstanding success. "The objective of Sverdrup and Delta was to demonstrate the value of applying the team's technical expertise, as well as the experience and efficiency of the business sector, to a public project. We achieved that goal by completing the program 25 percent ahead of schedule and 10 percent under budget. We are delighted that this new contract allows us to continue our work with the Okaloosa County School Board." Rose said the School Board has been a pioneer in the use of public/private partnerships to save taxpayers money and in the use of advanced technology to improve the educational experience of its 30,000 students. BTG's Delta Division, headquartered in Niceville, Florida Niceville is a city in Okaloosa County, Florida, United States, located in close proximity to Eglin Air Force Base. It was previously named Boggy Bayou, but the name was changed to attract more tourists. , is expert in the application of technology to program and construction management, from cost engineering and computer-aided design computer-aided design (CAD) or computer-aided design and drafting (CADD), form of automation that helps designers prepare drawings, specifications, parts lists, and other design-related elements using special graphics- and calculations-intensive and drafting (CADD (Computer-Aided Design and Drafting) CAD systems with additional features for drafting, such as dimensioning and text entry. CADD - Computer Aided Detector Design: a project to develop standards and methods to allow cooperation between HEP ) systems to advanced delivery and scheduling techniques. Its staff includes architects, engineers, planners, project managers and superintendents with a broad range of experience and technical knowledge. The company employs a sophisticated set of systems and software specifically designed for managing construction projects more efficiently and cost effectively. BTG is also a leader in systems engineering and integration services, which will be used in the development of the school system's new IT network. BTG, headquartered in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. , is an information systems and engineering services firm that provides computer-based solutions for government and commercial clients. More information about BTG is available on the Web at http://www.btg.com, by e-mail at info@btg.com, or by calling 703/383-8000. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT: The statements contained in this release, which discuss revenue from newly awarded contracts, are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by 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. , including termination risks as well as other risks described in the Company's Securities and Exchange Commission filings. For past press releases, visit this company's Corporate News On the Net site at http://www.businesswire.com/cnn. |
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