NCI Awarded Task Order to Support Veterans Benefits Administration.RESTON, Va. -- NCI See Liberate. , 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 :NCIT NCIT National Capital Institute of Telecommunications (Canada) NCIT National Centre for Information Technology NCIT Network Centric Information Technology ), a leading provider of information technology services and solutions to U.S. federal government agencies, announced today that its wholly-owned subsidiary, NCI Information Systems, Inc., was awarded a one-year task order with four one-year options to provide support to the Veterans Benefits Administration (VBA (Visual Basic for Applications) A subset of Visual Basic that provides a common language for customizing Microsoft applications. VBA supports COM, which allows a VBA script to invoke internal functions within Excel, Word and other COM-based programs or to make use of ) Office of Information Management (OIM See Meta Data Coalition. ). The award, which was made by the VA's Austin Automation Center using the Global Information Technology Support Services (GITSS GITSS Global Information Technology Support Services (SAIS) ) contract, has an initial value of $1.7 million and a potential value of $11.7 million if all the options are exercised. "NCI is pleased to have been awarded this task order and looks forward to teaming with OIM to migrate online and batch application software and the related data from VBA's legacy Benefits Delivery Network (BDN BDN Borland Developer Network BDN Bangor Daily News (Maine, USA) BDN Business Development Network BDN Bell Data Network BDN Bulk Data Network BDN Busy Doing Nothing (band) BDN Buffered Delta Network ) environment to an open systems corporate environment," said Mike Solley, President. BDN is the benefits delivery software suite that has been in use by VBA for veteran's payment programs for the past 28 years. About NCI, Inc.: NCI, Inc., a Delaware holding company, through its subsidiary NCI Information Systems, Inc., is a leading provider of information technology services and solutions to U.S. federal government agencies. As an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified company, NCI's award-winning expertise encompasses areas critical to its customers' mission objectives including enterprise systems management, information assurance, network engineering and systems development, and integration. Headquartered in Reston, Virginia, NCI has approximately 1,400 employees and 50 locations worldwide. For more information, visit our Web site at www.nciinc.com, or e-mail mcrystal@nciinc.com. Forward-Looking Statement: Statements and assumptions made in this press release, which do not address historical facts, constitute "forward-looking" statements that NCI, Inc. believes to be within the definition in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and involve risks and uncertainties, many of which are outside of our control. Such forward-looking statements are subject to factors that could cause actual results to differ materially from those anticipated results. These factors include but are not limited to: the failure of the Government to allot funds to NCI to complete performance of the task order; the risk of task order performance; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; and material changes in laws or regulations applicable to the company's businesses. For a discussion of these and other risks and uncertainties, please refer to the section titled "Risk Factors" in NCI, Inc.'s Form 10-K filed with the Securities and Exchange Commission on March 30, 2006. The forward-looking statements included in this news release are only made as of the date of this news release and NCI, Inc. undertakes no obligation to publicly update any of the forward-looking statements made herein, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise. |
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