Maryland Awards MAXIMUS $6.7 Million Child Support Contract.Business Editors RESTON, Va.--(BUSINESS WIRE)--Nov. 18, 2002 The State of Maryland Department of Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , Child Support Enforcement Administration, has awarded 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. ) a $6.7 million contract to continue to provide child support enforcement services in the City of Baltimore and Queen Anne's County. MAXIMUS has been providing child support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in these jurisdictions for the last three years. This contract extends our services for eight months. Under this contract, MAXIMUS provides a wide spectrum of child support enforcement services to temporary cash assistance (TCA TCA 1. trichloroacetic acid. 2. tricarboxylic acid cycle (Krebs cycle). TCA Tricyclic antidepressant, see there ) and non-TCA families in Baltimore City and Queen Anne's County. MAXIMUS is responsible for services that range from intake services for individuals seeking to obtain child support, to assistance in establishing paternity The state or condition of a father; the relationship of a father. English and U.S. Common Law have recognized the importance of establishing the paternity of children. , to the establishment, modification, and enforcement of orders for child support, as well as performing other services that improve collections efforts. "MAXIMUS has improved the lives of families in Maryland as the direct result of our child support efforts here," said Dr. David V. Mastran, 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. of MAXIMUS. "This contract is not only the largest child support contract in the Company, it is also the largest urban-based child support outsourcing project for service delivery in the nation. This contract award reinforces our position as the premier provider of child support services in 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. ." On an annual basis, MAXIMUS collects well in excess of a quarter of a billion dollars in child support on behalf of families and children. More than one million child support cases are currently managed by MAXIMUS. The Company's 1,000 child support professionals have worked with state and local agencies in more than 40 states. MAXIMUS is one of America's largest government services companies devoted to providing state and local governments with program management, consulting and information technology services. The Company has more than 5,600 employees located in more than 245 offices across the United States and overseas. In 1999 and 2001, MAXIMUS was selected by Forbes Magazine as one of the Ten Best Small Companies in America for that year. MAXIMUS is also one of the two companies selected by Business Week Magazine as one of the Hottest Small Cap Growth Companies for the last four years in a row. Additionally, MAXIMUS is included in the Russell 2000 Index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. 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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