BTG Selected for $30 Million Information Technology Services Contract for U.S. Army Headquarters.FAIRFAX, Va.--(BUSINESS WIRE)--Oct. 14, 1999-- 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 , Inc. (Nasdaq: BTGI), an information systems and technical services company, has been awarded a five-year contract to provide information technology services to the Headquarters, Department of the U.S. Army at the Pentagon. The contract, called the Headquarters Department of the Army Information Technology Services (HQDA-ITS) contract, contains three categories. BTG's award was made in Category 1, Information Technology Support, which has a ceiling of $30 million. The contract is an IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) (indefinite delivery/indefinite quantity) vehicle, under which task orders are allocated to one of the prime contractors selected for awards in Category 1. Anticipated revenue to BTG, which leads a team of seven other companies, is estimated at $15 million during the five-year term of the contract. BTG has been providing information technology support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the Department of the Army's Information Management Support Center (IMCEN IMCEN Information Management Support Center IMCEN Information Management Center ) since 1984. BTG Group Vice President Les Rose said the company currently provides enterprise support services, including help desk and network support, and Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. to IMCEN on a previous contract. "The IMCEN team, comprised of the Army's managers, BTG and our teammates, has been extraordinarily successful. We look forward to continuing our current support as well as offering an expanded range of consulting and analysis services to this valued customer." Rose said HQDA-ITS will be the primary vehicle for future work within the Headquarters, Department of the Army and BTG expects to provide enterprise support services, requirements analysis (project) requirements analysis - The process of reviewing a business's processes to determine the business needs and functional requirements that a system must meet. , software development, and, as part of its infrastructure/information assurance practice, network security. BTG is an information systems and technical services firm that provides solutions to complex information technology issues for government and commercial clients. More information is available on the Internet at www.btg.com, by e-mail at info@btg.com, or by calling 703-383-8140. "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 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: The statements contained in this release which discuss revenues from newly awarded contracts are subject to risks and uncertainties, most notably dependence on continued funding of U.S. government programs, competition on future task orders, government contract procurement and termination risks, including the risk of protest, as well as other risks described in the Company's Securities and Exchange Commission filings. |
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