Sunday, August 16, 2009 5:43:08 PM
Stanley ( NYSE: SXE ) & Evremedia ( PINK: EVRM) Big NEWS
NEW YORK, NY -- (Marketwire) -- 07/27/09 -- The Evermedia Group (PINKSHEETS: EVRM) is pleased to announce that System Technology Solutions (STS) has recently been selected as a subcontractor on the U.S. General Services Administration (GSA) Alliant Contract which was recently awarded to Stanley, Inc. Stanley provides systems integration and professional services to federal agencies and the Department of Defense.
The 10-year multiple award/indefinite-delivery, indefinite-quantity (MA/IDIQ) Alliant contract carries a $50 billion ceiling for all awardees; it includes a five-year base and one five-year option period. With its emphasis on integrated Information Technology (IT) solutions, Alliant enables Federal and Department of Defense agencies alike with streamlined access to a broad range of management and technical support services.
"We learned that STS entered into discussions with Stanley several months ago; however, we thought it best to wait before issuing any comments until both companies formally announced their agreement," said Robert Grannatt, Operations Manger of The Evermedia Group, Inc. "The Alliant contract is one of the largest, if not the largest, federal contract ever awarded, and Stanley is a top 100 federal contractor. This is an outstanding opportunity for all associated parties; we look forward to supporting STS in any way we can."
The Evermedia Group is the largest equity shareholder in STS Evermedia Corporation, the parent company of System Technology Solutions, Inc. (STS).
Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.
"I want to extend a hearty Bravo Zulu to Dick [Richard Weitzel] and his team. They worked extremely hard to make STS a premier defense contracting and services provider," said Jonathan Sym, CEO of The Evermedia Group. "We look forward to furthering our relationship with STS in an effort to provide our shareholders with sustainable growth and long term value."
About Evermedia
Evermedia is a veteran-owned company based in New York, NY that develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. Evermedia is involved in the development of biometric-based authentication and verification systems to protect personal identity. The company's proprietary technology is patented in the United States, China and South Korea.
About System Technology Solutions
Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.
About Stanley
Stanley is a provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Headquartered in Arlington, Va., the company has more than 4,700 employees at over 100 locations in the U.S. and worldwide.
Safe Harbor Statement
Certain Statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.
Contact:
For additional information:
Evermedia Biometrics Corporation
Email: info@evermediabiometrics.com
Visit: http://www.evermediagroup.com
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