From recent 10k.
The contract procurement process is lengthy and the government military organizations and the State and Federal agencies that are our primary target customers are often delayed and cautious when issuing contracts such as those we pursue. These customers have strict regulations and policies with respect to procuring services from private-sector companies for fulfillment of their contracts. In addition, unless no other competitors are available, the contracts we target are generally required to request bids before awarding contracts. While we believe, based on our experience, very few other entities are currently able to provide most of these services, no assurance can be made that new entities with more resources than us will enter into this business.
The Company’s business is dependent on our ability to bid for, negotiate, secure, and perform under specialized government and agency contracts. We have in the past been awarded a number of service contracts, and we are in various stages of discussions for the awarding of additional service contracts related to our services described herein, although no assurances can be given that these discussions will lead to the awarding of additional contracts.
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