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BDM ANTICIPATES STRONG YEAR MARKED BY CONTINUED DIVERSIFICATION; 14 DIRECTORS ELECTED AT ANNUAL SHAREHOLDERS' MEETING

BDM ANTICIPATES STRONG YEAR MARKED BY CONTINUED DIVERSIFICATION;
 14 DIRECTORS ELECTED AT ANNUAL SHAREHOLDERS' MEETING
 MCLEAN, Va., May 14 /PRNewswire/ -- Philip A. Odeen, president and chief executive officer of BDM Holdings, Inc., painted an optimistic picture of the company's growth prospects in 1992 at BDM's annual shareholders' meeting today.
 "I expect continued growth from both our operating subsidiaries -- BDM International, Inc., and Vinnell Corporation," Odeen said. He noted that BDM Holdings had already posted a strong first quarter, with revenue up 9 percent and net income and earnings per share more than doubling the figures for the first quarter of 1991. Revenue from contracts totaled $80.9 million, and net income totaled $1.8 million, with earnings per share of 15 cents, for the three months ended March 31.
 BDM executives presented operations summaries that showed the company's success in diversifying from its traditional defense orientation to a new mix of defense, civil government (federal and state), commercial and international operation. "Defense and national security remain areas of major emphasis, however," Odeen noted, "and the services BDM provides are particularly relevant to an era when the nation must make the most of every defense dollar."
 BDM shareholders approved the election of a slate of directors that continued Frank C. Carlucci, vice chairman of The Carlyle Group, L.P., and former secretary of defense, as chairman of the board of directors and included both Odeen and former president Earle C. Williams. Other directors re-elected at the annual meeting were William E. Conway Jr.; James A.D. Geier; Florian N. Hofer; Arthur Levitt Jr.; Dr. Hans Mark; Michael J. Mruz; David M. Rubenstein; John M. Slosar; The Honorable Helmut Sonnenfeldt; Dr. William E. Sweeney Jr.; and Frank G. Zarb.
 BDM Holdings is a partially employee-owned company operating autonomously in association with The Carlyle Group, L.P. Carlyle led the investor group (which included senior BDM management) that acquired the company from its former parent company late in 1990.
 BDM Holdings, Inc., is headquartered in McLean, (metropolitan Washington). The company's operating subsidiaries, BDM International, Inc., and Vinnell Corporation, provide professional and technical services to public and private sector clients in defense, communications, logistics, energy, the environment, space, transportation, manufacturing, product distribution, operations and maintenance, training, and public policy.
 -0- 5/14/92
 /CONTACT: Todd A. Stottlemyer of BDM Holdings, 703-848-5115/ CO: BDM Holdings, Inc. ST: Virginia IN: SU:


KD-IH -- DC010X -- 0220 05/14/92 12:08 EDT
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Publication:PR Newswire
Date:May 14, 1992
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