MAXIMUS Renews Orange County Welfare-to-Work Contract Valued at $18 Million.Business Editors MCLEAN, Va.--(BUSINESS WIRE)--June 30, 2000 As a vote of confidence in MAXIMUS (NYSE NYSE See: New York Stock Exchange :MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. ) performance, the Board of Supervisors of Orange County, California Orange County is a county in Southern California, United States. Its county seat is Santa Ana. According to the 2000 Census, its population was 2,846,289, making it the second most populous county in the state of California, and the fifth most populous in the United States. , exercised their option to renew a contract with MAXIMUS, Inc. to provide case management services for its CalWORKS program. The 18-month contract is worth more than $18 million. MAXIMUS has provided case management services to Orange County since 1993, originally under the Greater Avenues for Independence (GAIN) program. GAIN was replaced by California Work Opportunity and Responsibility to Kids (CalWORKs) in the Spring of 1998. MAXIMUS currently provides job development, job placement, and job retention services to needy need·y adj. need·i·er, need·i·est 1. Being in need; impoverished. See Synonyms at poor. 2. Wanting or needing affection, attention, or reassurance, especially to an excessive degree. citizens in Orange County. "This renewal recognizes our demonstrated ability to move individuals from welfare dependence to self-sufficiency, declared MAXIMUS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dr. David V. Mastran. "We know from experience that the majority of people on public assistance would rather have good jobs with good wages. In Orange County, we've made that hope a reality and will continue to do so." MAXIMUS is the leading provider of welfare-to-work services to state and local governments, having served more than 25 states and counties. More than 100,000 former welfare recipients have been placed in jobs through MAXIMUS efforts. The Company's placement and retention rates are outstanding. Nationally, over 70% of clients referred by the government to MAXIMUS are placed into employment and the majority of clients remain in their positions for 90 to 180 days. MAXIMUS is one of America's largest government services companies devoted to providing state and local governments with program management, information technology, and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . The company has 3,900 employees located in more than 130 offices across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . 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 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. 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 Quarterly or Annual Report filed with the Securities and Exchange Commission (file number 001-12997). |
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