Wednesday, June 09, 2010 11:54:17 AM
The Evermedia Group Supports System Technology Solutions Entering First Option Year of Baghdad Detainee Property Warehouse and I
[b]Date : 08/04/2009 @ 8:00AM
Source : MarketWire
Stock : The Evermedia Group, Inc. (EVRM)
Quote : 0.007 0.0 (0.00%) @ 9:01AM
The Evermedia Group Supports System Technology Solutions Entering First Option Year of Baghdad Detainee Property Warehouse and I
NEW YORK, NY -- (Marketwire)
08/04/09
The Evermedia Group (PINKSHEETS: EVRM) is
pleased to announce that System Technology Solutions, Inc. (STS) is
situated to accept its first option year award under an existing contract
with Department of the Army, Joint Contracting Command Iraq (JCCIA). In
total, The Detainee Property Warehouse and Inventory
Technicians Contract
will furnish $2,609,0420.93 in services. The contract consists of one base
year carrying $871,238.36 and two option years. Currently, 7 STS employees
are involved, finishing performance under the base year award and preparing
to extend services once JCCIA delivers the first option year. Given the
exclusive contract, the first option year automatically assigns to STS
should Department of the Army maintain its planned functions. If issued,
the first option year award will soon surface.
The Detainee Property Warehouse (DPW) is located at Camp Cropper,
Remembrance II, Baghdad where it stores the personal property of
approximately 60,000 detainees. Comprised of a supervisor and 6
technicians, STS personnel are responsible for all content accountability,
storage, and inventory. Under the contract, STS personnel must also
determine the status of the detainees before attending to their property.
Jonathan Sym, CEO of the Evermedia Group, mentioned, "Between Dick's
[Richard Weitzel] persistent success in securing opportunities and STS'
talented personnel, STS deserves its reputation and strong position in
government contracting space. By STS maintaining contracts like the DPW,
we can stay visible and ready as more prospects develop."
STS CEO, Richard Weitzel commented on the upcoming option saying,
"Depending on whether the Army and JCCIA will initiate the first option
year, the contract will continue through September 9, 2010. The contract
has supplied good work and revenue benefitting us and our team. We are
hopeful DPW will roll into the first option year."
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.
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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