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Re: slingwing1 post# 53454

Thursday, 11/21/2019 12:28:04 PM

Thursday, November 21, 2019 12:28:04 PM

Post# of 60124
In 2013 a federal contractor (Microtech) that has benefited from its status as a “small business” despite raking in more than $300 million in contracts spent many years proving that they indeed qualified because most of the contracts were subcontracted to other minority owned businesses.

Facing allegations that Microtech took unfair advantage of the government's small business programs they (Microtech) spent years defending themself.

Secondly:

The CEO when asked what does he take issue with most? The notion that he stood up a reseller company, GovWare, for the sole purpose of later buying it out and profiting from its contracts. The reality, he said, is that MicroTech and its investors tried to incubate a company run by one of his former employees, but had to buy the owner out to keep the company from going bankrupt.

Qban's situation: Buying out a company and rejuvenating it for the purpose of making it a profitable company is not strange or new to Microtech. They were accused of that and more in their infancy yet they prevailed and has become the most successful veteran minority owned business in the USA.

So Sling, that news about the previous owners is old news. Focus on the now and prepared for good things happening in the future for Qban.