PEC Announces Addition to Board of Directors; John W. Melchner to Serve as Outside Director.Business Editors/Hi-Tech Writers FAIRFAX, Va.--(BUSINESS WIRE)--Aug. 28, 2002 PEC Solutions, 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 :PECS), announced today John W. Melchner has joined the company's Board of Directors. Mr. Melchner brings three decades of Cabinet-level experience in the federal government, including meritorious service with the Departments of Defense and Transportation. He was nominated by President Ronald Reagan to serve as Inspector General of the U.S. Department of Transportation from 1986 until his retirement in 1989. Mr. Melchner led and managed the audit and criminal investigative activities of the department, which included oversight of the Coast Guard, the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control , the Federal Highway Administration The Federal Highway Administration (FHWA) is a division of the United States Department of Transportation that specializes in highway transportation. The agency's major activities are grouped into two "programs," The Federal-aid Highway Program and the Federal Lands Highway , the Federal Railway Administration, the Urban Mass Transit Administration, and the Saint Lawrence Seaway Saint Lawrence Seaway, international waterway, 2,342 mi (3,769 km) long, consisting of a system of canals, dams, and locks in the St. Lawrence River and connecting channels between the Great Lakes; opened 1959. Corporation. From 1981 until 1986, Mr. Melchner served with the Department of Defense in a variety of roles, culminating in his appointment as Assistant Inspector General. His responsibilities included serving as the chief internal auditor Internal auditor An employee of a company who analyzes the company's accounting records to that the company is following and complying with all regulations. of the Joint Chiefs of Staff, the unified and specified commands, the military services, and other Defense agencies. He helped eliminate wasteful and inefficient practices and he implemented changes that dramatically improved the economy and efficiency of operations. For his leadership, Secretary of Defense Caspar Weinberger awarded Mr. Melchner the Secretary of Defense Meritorious Civilian Service Medal. Mr. Melchner currently heads up John Melchner & Associates, which provides accounting and auditing advice to government and corporate clients in the areas of financial management, healthcare fraud prevention, mass transit, and white collar crime white collar crime n. a generic term for crimes involving commercial fraud, cheating consumers, swindles, insider trading on the stock market, embezzlement and other forms of dishonest business schemes. . He replaces Sharon M. Owlett, who is resigning her unexpired term on PEC's board to continue her service as the company's legal counsel. Mr. Melchner received his BBA BBA abbr. Bachelor of Business Administration from the Manhattan College of New York, and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Dayton The University of Dayton is one of the ten largest Catholic schools in the United States and is the largest of the three Marianist universities in the nation. It is also home to one of the largest campus ministry programs in the world. . He is a member of The Institute of Internal Auditors “IIA” redirects here. For IIA in decision theory, see Independence of irrelevant alternatives. Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association of more than 128,000 members with global headquarters in . Dr. David C. Karlgaard, said "We are pleased that John has agreed to serve on our board of directors. He adds an important dimension to our group, bringing decades of federal government experience along with an industry-wide reputation as an expert on financial systems and program management oversight. He will provide us with excellent guidance while also serving as a trusted, effective advocate for our shareholders." About PEC PEC Solutions is a professional services firm that helps government clients harness the power of the Internet and other advanced technologies to improve mission performance. The company specializes in Web-Enabling Government(R) by providing secure, interoperable technology solutions for clients in law enforcement, intelligence, defense, and civilian agencies within the Federal Government and at State and local levels. PEC Solutions is based in Fairfax County, Virginia Fairfax County is a county in Northern Virginia, in the United States. As of 2005, the estimated population of the county is 1,041,200;[1] making it by far the most populous jurisdiction in the Commonwealth of Virginia, and larger than seven states. , with offices around the United States. Visit the company on the Web at www.pec.com. For more information, contact John McNeilly, PEC Solutions Manager of Corporate Communications and Investor Relations, at 703-679-4900. This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. PEC Solutions assumes no obligation to update the information contained in this press release. PEC Solutions' future results may be affected by its ability to continue to implement its eGovernment solutions, its dependence on the federal government and other federal government contractors as its major customers, its dependence on procuring, pricing and performing short-term government contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire. |
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