Message #9 From:
Stock News Bot Date: July 19, 2005 01:00:00 AM
SEVI News Systems Evolution Adds New Contracts
HOUSTON--(BUSINESS WIRE)--July 19, 2005--Systems Evolution Inc. (OTCBB:SEVI), an information technology services company, announced today that their Austin-based Business and Technology Division has secured new contracts valued at more than $1,000,000. Most notably, they have agreed to partner with Sierra Systems, Inc. (TSX:SSG) to deliver a new Loan Processing System for the Texas Higher Education Coordinating Board (THECB). Sierra Systems, the prime vendor, recently announced the $4.3M project award.
Rich Steinle, Vice President of the Business and Technology Division states, "We are excited to add several new global clients to our growing Commercial practice, including Texas-based Fortune 500 leaders in PC manufacturing and energy resources and a leading telecommunications provider in Norway. In addition, State contracts with existing and new agency clients, and the opportunity to partner with leading integrators like Sierra Systems provide continued strength and expansion for our Government business portfolio into 2006."
About Systems Evolution Inc.
Systems Evolution Inc., http://www.systemsevolution.com, founded in 1993, is a Texas-based consulting firm that serves as a trusted advisor to our clients by bridging the gap between people, processes and technology.
About Sierra Systems
Since 1966, Sierra Systems Group Inc. (TSX:SSG) has been improving the operational performance of their clients by delivering superior information technology and business consulting services. Through their extensive experience in Business Consulting, Solutions Delivery, and Managed Services, Sierra Systems has emerged as a trusted advisor to many leading private and public sector organizations across North America, with offices in Austin, Calgary, Dallas, Edmonton, Fredericton, Halifax, Hartford, Los Angeles, Olympia, Ottawa, Seattle, Toronto, Vancouver, Victoria, and Winnipeg.
Safe Harbor Statement
The statements in this release relating to future product availability and positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the aspects anticipated by these forward-looking statements may not, in fact, occur. Factors that could cause or contribute to such differences include, but are not limited to, general business conditions in the IT markets, SEVI's relations with its customers, the future market price of SEVI common stock and the Company's ability to obtain necessary future financing.
