CONQUEST AWARDED $140M SYSTEMS ENGINEERING AND MANAGEMENT CONTRACT WITH U.S. INTEL AGENCY.

Conquest, Inc., a premier provider of advanced large-scale systems and software technology solutions to Federal and commercial customers, announced recently that it was awarded a $140 million contract expansion with a U.S. intelligence agency. Under the 31/2-year contract, Conquest will provide systems engineering and technical support for several initiatives to modernize the agency's systems capabilities. The award comes on the heels of a five-year, $57 million contract Conquest won with the same agency to provide systems engineering and technical assistance support for Trailblazer, a sweeping initiative to modernize the agency's foreign signals intelligence capabilities.

This latest win represents the largest contract award in Conquest's 13-year history. With revenues of $16 million in 2001, Conquest has now nearly doubled its revenues for past seven years. Since 2001, Conquest increased its staff by nearly 200 percent to 140 employees and opened a remote office in Washington, DC for business development purposes and to provide support for its Virginia-based customers. The company expects continued rapid expansion in the remainder of 2002 and is planning to add additional staff in the coming months.

"Conquest has grown tremendously in terms of income, team members and visibility within the Federal community. Our growth is a reflection of our reputation as a trusted partner for intricate, mission-critical projects," commented Norm Snyder, co-founder and president of Conquest.

Further evidence of Conquest's growing standing in the intelligence community is its new partnership with Boeing, which will be the subcontractor to Conquest on the system engineering and technical assistance contract. Under the terms of the contract, Boeing will use its process and systems integration expertise to build a more robust architecture for a variety of programs at the U.S. intelligence agency.

"We take great pride in providing the intelligence community with superior products and solutions. To be able to leverage Boeing's unparalleled expertise in the engineering processes and integration techniques of building very large systems, only furthers Conquest's ability to provide its clients with top-notch service and results," commented Paul Falkler, vice president of Conquest.

Conquest, Inc., founded in 1989, is a premier provider of advanced large-scale systems and software technology solutions to Federal and commercial users. In 2001, Conquest nearly doubled its revenues from the previous year for the seventh year running - all without outside debt or investment. Conquest's expertise spans such areas as systems and software engineering; enterprise architecture; systems integration; information and knowledge management; intelligence analysis; and customized application development. Its engineers, many of whom are C4ISR certified, also are experienced in the latest object-oriented technologies, including Java, J2EE, CORBA, UML, and C++. Headquartered in Annapolis Junction, MD.