PDHO News Paradigm Solutions Corporation Enters Joint Venture with National Technical Information Service (NTIS)
ROCKVILLE, Md.--(BUSINESS WIRE)--Sept. 5, 2006--Paradigm Holdings, Inc. (OTCBB:PDHO), announced that Paradigm Solutions Corporation (Paradigm), its wholly-owned subsidiary, has entered a Joint Venture Agreement with National Technical Information Service (NTIS), Department of Commerce. Paradigm was selected for this joint venture by NTIS on June 3, 2005 to complement NTIS' capabilities in delivering a wide range of end-to-end e-Learning and Knowledge Management Solutions to its Government clients.
NTIS has extensive expertise and experience providing secure, large-scale, high-volume, Web-based solutions to government clients. It has provided and managed Government Agency hosting of innovative state-of-the-art solutions for government clients as the leading provider of advanced digital content services and IT infrastructure and as an OPM e-Training service provider. As a self-supporting government agency, NTIS offers a highly secure and reliable network hosting environment to host mission critical applications for federal agencies. Under this agreement, Paradigm, in conjunction with NTIS, will utilize OpsPlanner(TM), Paradigm's Web-based Continuity of Operations Planning (COOP) software tool to provide a hosted, high-security BCP/COOP service with a robust training and exercise capability for Government Agencies. Agencies will now have the ability to exercise their COOP plans with full auditing capabilities that captures important planning actions that can be reviewed and analyzed to determine applicable post analysis plan improvement or for audit reviews following the events.
Under the agreement, NTIS and Paradigm will provide OpsPlanner application support services to include ongoing maintenance, new module development, and technical and training services. In addition to these services, consultancy services are available to help develop a dependable, comprehensive COOP program through this e-learning JV initiative.
Commenting on the Joint Venture, Peter B. LaMontagne, Paradigm Holdings, Inc. President and Chief Operating Officer, stated, "We are very pleased to join with NTIS to deliver advanced e-Learning and Knowledge Management solutions to support Government Agencies in COOP efforts. OpsPlanner's flexibility, intuitive design, and dedicated expert support make it an ideal fit for the NTIS program. We look forward to working with NTIS under this JV."
About Paradigm Holdings, Inc.
Paradigm Holdings, Inc., (www.paradigmsolutions.com) parent company of Paradigm Solutions Corporation and Paradigm Solutions International, is a comprehensive information technology and business solutions provider for government and commercial enterprises. Paradigm Solutions Corporation specializes in Enterprise Risk Management, Systems Engineering, Infrastructure Support, and Program Management for government customers. Paradigm Solutions International markets OpsPlanner(TM) disaster recovery and emergency management software and information technology security consulting to commercial enterprises. Headquartered in Rockville, Maryland, the company currently employs nearly 300 people across 12 states.
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.
