MAXIMUS Announces Extension of Family Maintenance Enforcement Program Contract.
RESTON, Va.--(BUSINESS WIRE)--Jan. 8, 2004
MAXIMUS (NYSE:MMS) announces the extension of the British Columbia Family Maintenance Enforcement Program (FMEP) contract with the Province of British Columbia for the period April 1, 2005, through March 31, 2008. MAXIMUS will continue to collect in excess of $110 million (US) a year for its 46,000 clients. The three-year contract value is not fixed, but will be in the $32 million range over the contract period.
Much like child support enforcement programs in the United States, this project involves the full service delivery of the Family Maintenance Enforcement Program services including: enrollment, monitoring and enforcement of filed orders, account management, case management, and client communications. British Columbia is the only jurisdiction in Canada which has contracted out the delivery of its Maintenance Enforcement Program. British Columbia's FMEP has a reputation for being technologically advanced and being a leader in providing customer-focused service.
"The FMEP is the flagship program of THEMIS (MAXIMUS Canada) and this extension is a confirmation of our decision to move into the Canadian market," said Dr. David V. Mastran, MAXIMUS CEO. "The reputation we have developed for providing quality services to the children and families of British Columbia will support and reinforce our marketing aims and presence north of the border."
MAXIMUS is one of America's leading government services companies devoted to providing program management, consulting and information technology services. The Company has more than 5,500 employees located in more than 280 offices in the United States, Canada, and Australia. In 1999, 2001, and 2002, MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.
Statements that are not historical facts, including statements about the Company's confidence and strategies and the Company's expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company's products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company's actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company's most recent Annual Report filed with the Securities and Exchange Commission (file number 001-12997).
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|Date:||Jan 8, 2004|
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