BTG Signs Multi-Million Dollar Contract with Freddie Mac.VIENNA, Va.--(BUSINESS WIRE)--Oct. 9, 1996--BTG, 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 : BTGI) announced that it has been awarded a one year multi-million dollar contract by Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. . The contract has the option of two additional years of equal or greater value, and potential contract capacity. Under the terms of the award, 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 will provide computer hardware, software, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for Freddie Mac's office automation infrastructure. The new award was a recompete for a previous three year contract which the BTG operation in Sterling, Virginia Sterling, Virginia is an unincorporated Washington, D.C. suburb, northwest of Herndon, east of Ashburn, and west of Reston, close to Dulles International Airport in Loudoun County. had worked on as Concept Automation, Inc. of America (CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction ). CAI was acquired by BTG in Oct. 1995. BTG Vice President Steve Baldwin said the contract reflects the company's continuing expansion into the commercial market. "Most of our integration work and product sales have been to federal government agencies. We've found that our experience there translates easily into work for other large non-government enterprises such as Freddie Mac. This contract allows us to use our technical expertise and vendor relationships to give Freddie Mac the highest quality services and products at the best price." BTG provides information technology services and products to government and commercial clients. The company specializes in systems engineering, integration and network systems, Internet/intranet access and services, custom computer manufacturing, and the value-added reselling of hardware, software and services. The company has over 1000 employees in offices in 11 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and in Europe. Additional information on BTG is available on the Internet at http://www.btg.com/, by e-mail at info@btg.com, or by calling 703-556-6518. Investors contact: John Graham, 703-761-6675, or by e-mail: investor@btg.com. Editors contact: Theda Parrish, 703-761-6581 (office), 703-573-8135 (home), or by e-mail: tparrish@btg.com. CONTACT: BTG, Vienna John Graham, 703/761-6675, e-mail: investor@btg.com (Investors contact) or Theda Parrish, 703/761-6581 (office), 703/573-8135 (home) e-mail: tparrish@btg.com (Editors contact) |
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