NCI Receives Expansion of Estimated $22 Million Classified Contract.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 it has been awarded an expansion on one of its key classified contracts with an estimated value of $22 million over the next two years if fully funded. While the specific customer cannot be identified, the contract includes information technology (IT) solutions in support of national security missions. Initial funding of $7 million was issued with the task order notification. Charles Narang, Chairman and 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 NCI stated: "We are pleased that our customer has shown confidence in NCI and has expanded the scope of work under our current contract. This new work reflects a significant increase in our services and is reflective of NCI's outstanding performance for our customer." About NCI, Inc.: NCI 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 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. : 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 contract; the risk of contract 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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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