Message #4 From:
Stock News Bot Date: July 7, 2006 08:07:00 AM
PDHO News Paradigm Solutions Corporation Awarded Prime in US Navy SeaPort-e IDIQ
ROCKVILLE, Md.--(BUSINESS WIRE)--July 7, 2006--Paradigm Holdings, Inc. (OTCBB:PDHO), announced that Paradigm Solutions Corporation, its wholly-owned subsidiary, has been awarded a prime US Navy SeaPort Enhanced (SeaPort-e) Indefinite Delivery, Indefinite Quantity (IDIQ) Contract for Engineering, Technical, Financial and Program Management services. The contract period of performance is through 2019, and has an estimated combined ceiling of $47.8 billion dollars for all contractors.
SeaPort-e provides a contracting vehicle to support 22 functional areas in seven geographic zones across the United States with customers such as the Naval Sea Systems Command (NAVSEA), Naval Air Systems Command (NAVAIR), Naval Supply Systems Command (NAVSUP), Space and Naval Warfare Systems Command (SPAWAR), Military Sealift Command, Naval Facilities Engineering Command, and Navy Strategic Systems Programs (SSP). Additionally, other Department of Defense (DoD), non-DoD, or Joint agencies may utilize this contract vehicle for related work.
Under the terms of this contract vehicle, Paradigm will compete for task orders in all seven geographic zones for a broad range of support services, including Research and Development Support; Engineering, System Engineering and Process Engineering Support; Software Engineering, Development, Programming, and Network Support; Information System (IS) Development, Information Assurance (IA), and Information Technology (IT) Support; and Program Support.
Commenting on the award, Peter B. LaMontagne, Paradigm Holdings, Inc. President and Chief Operating Officer, stated, "The SeaPort-e award represents a key milestone in our DoD business strategy. We have an exceptionally dedicated team with robust and complementary capabilities. Our team is committed to supporting the US Navy and broader DoD mission under this important contract vehicle."
The Paradigm Solutions industry teaming partners include: Synergist Technology Group, Systems Documentation, Inc., Life Cycle Engineering, Remtech/Ciber, and George G. Sharp.
About Paradigm Holdings, Inc.
Paradigm Holdings, Inc., parent company of Paradigm Solutions Corporation and Paradigm Solutions International, is headquartered in Rockville, Maryland. It is a full-service information technology and business solutions provider for numerous government and commercial enterprises. The company currently employs nearly 300 people across 12 states. Paradigm Solutions Corporation specializes in Infrastructure Support, Software Engineering, Continuity/COOP Planning, Emergency Management and Notification services for government customers. Paradigm Solutions International markets OpsPlanner(TM) disaster recovery and emergency management software and information technology security consulting to commercial enterprises. More information about Paradigm Holdings Inc. can be found at www.paradigmsolutions.com.
Safe Harbor Statement
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Paradigm Holdings, Inc. assumes no obligation to update the information contained in this press release. Future results for Paradigm Holdings, Inc. may be affected by its ability to continue to implement its government technology solutions, its dependence on the federal government and state and local governments and other federal government contractors as its major customers, timely passage of components of the federal budget, timely obligations of funding by the federal and state governments, its dependence on procuring, pricing and performing short-term government contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, including seasonal impacts, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire. For further information about forward-looking statements and other Paradigm Holdings, Inc. specific risks and uncertainties please refer to recent SEC filings for Paradigm Holdings, Inc., which are available from the Edgar Web site at www.edgar.org.
