PEC Solutions Awarded Contract to Support the Department of Homeland Security's Bureau of Customs and Border Protection; Information System Order Valued at $6.9 Million.Business Editors FAIRFAX, Va.--(BUSINESS WIRE)--Oct. 9, 2003 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 NM: PECS), a professional technology services firm specializing in e-Government solutions, announced today that the Department of Homeland Security's Bureau of Customs and Border Protection (CBP CBP competitive protein binding. ) awarded the company a task order to help develop and maintain CBP's Numerically Integrated Information System (NIIS NIIS Nonimmigrant Information System (US Immigration and Naturalization Service) NIIS National Institute of Industrial Safety (UK Independent Administrative Institution) ). The NIIS program allows agents and analysts to easily manipulate, compare and analyze large volumes of data indicative of criminal activity, including illicit actions in support of terrorism, money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. , tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. , weapons proliferation, fraud, and drug smuggling smuggling, illegal transport across state or national boundaries of goods or persons liable to customs or to prohibition. Smuggling has been carried on in nearly all nations and has occasionally been adopted as an instrument of national policy, as by Great Britain . PEC will assist CBP with the development of the NIIS and will provide support in senior-level planning, analysis, data mining, design, programming, documentation, security engineering and unit integration testing. The award is valued at $6.9 million over 32 months, if all options are exercised. 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 Media and Investor Relations Investor relations The process by which the corporation communicates with its investors. , 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. For further information about forward-looking statements and specific risks, please refer to PEC's recent SEC filings. |
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