PEC Solutions to Support Department of Education Office of Migrant Education Programs; Contract Valued at up to $6 Million.
FAIRFAX, Va. -- 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 high-end e-Government solutions, today announced that the Department of Education (ED), Office of Migrant Education The Office of Migrant Education (OME) is a program within the U.S. Department of Education's Office of Elementary and Secondary Education (OESE) that administers grant programs that provide academic and supportive services to the children of families who migrate to find work in the (OME (Open Messaging Environment) An open messaging system from Novell. It is based on Microsoft's MAPI and is a superset of Novell's MHS and WordPerfect Office's messaging systems. ), has awarded the company an Indefinite Delivery, Indefinite Quantity Noun 1. indefinite quantity - an estimated quantity
quantity, measure, amount - how much there is or how many there are of something that you can quantify (IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) ) contract with a potential value of $6 million over four years. PEC will provide information technology acquisition and program management support to the OME for the Migrant Student Information Exchange (MSIE See Internet Explorer.
MSIE - Internet Explorer ) project. PEC was the sole recipient of the contract.
The MSIE project will facilitate the exchange of information regarding migrant students between states, school systems, and ED for the purpose of sharing student records and determining the number of migratory children in each state. The system helps ED meet legislative mandates to ensure that all migrant students meet challenging state academic standards and graduate from high school with an education that prepares the student for responsible leadership, further learning, and productive employment.
PEC initially will provide support in a variety of program areas including user requirements definition, assessing the feasibility of technology used to link distributed databases, and supporting activities related to acquiring software and implementation activities to accomplish the MSIE system. PEC will optionally assist in other areas as the project proceeds by providing subject matter expertise to advise ED, providing analysis, performing independent validation and verification, performing quality assurance, and conducting performance monitoring.
About PEC Solutions, Inc.
PEC, founded in 1985, is a professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. 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 homeland security, criminal justice and intelligence, defense, and civilian agencies within the federal government and at state and local levels. PEC 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; 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 Martha Hill, PEC Director of 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 Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. PEC assumes no obligation to update the information contained in this press release. PEC's future results may be affected by its ability to continue to implement its government technology solutions, its dependence on the federal government and state and local governments and other federal government contractors as its major customers, timely passage of components of the federal budget, timely obligations of funding by the federal and state governments, 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, including seasonal impacts, 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, including the company's 10-K filing on March 15, 2004.