TechTeam Government Solutions Awarded $4.1 Million, Five-Year Contract for Technical Services from the Department of Health and
September 28 2006 - 10:00AM
PR Newswire (US)
TechTeam Government Solutions to Provide Application Support for
the Payment Management System CHANTILLY, Va., Sept. 28
/PRNewswire-FirstCall/ -- TechTeam Government Solutions, Inc., a
provider of information technology (IT) services to federal, state,
and local markets and a wholly-owned subsidiary of TechTeam Global,
Inc., announced today that it has been chosen by the Department of
Health and Human Services (HHS), Program Support Center, Division
of Payment Management (DPM) to deliver technical services in
support of the Payment Management System. Under this contract,
TechTeam Government Solutions will provide application support,
connectivity management, configuration management, program
management, and information security support for the DPM's
centralized financial payment system, which administers over 24,000
grant applications and billions in grant monies. The estimated
contract value is $4.1 million in revenue over the five-year period
of performance. "TechTeam Government Solutions is honored to have
been selected by HHS to provide the support desk, network
operations, and project leadership necessary to maintain the DPM's
Payment Management System. This award demonstrates HHS' trust in
our capabilities as well as in our highly qualified technical team
at HHS," stated Dennis Kelly, President of TechTeam Government
Solutions, Inc. Department of Health and Human Services is the
United States government's principal agency for protecting the
health of all Americans and providing essential human services,
especially for those who are least able to help themselves. HHS
includes more than 300 programs, including health and social
science research; preventing disease, including immunization
services; assuring food and drug safety; Medicare and Medicaid;
health information technology; financial assistance and services
for low-income families; improving maternal and infant health; Head
Start; faith-based and community initiatives; preventing child
abuse and domestic violence; substance abuse treatment and
prevention; services for older Americans, including home- delivered
meals; comprehensive health services for Native Americans; and
Medical preparedness for emergencies, including potential
terrorism. TechTeam Government Solutions, Inc., a wholly-owned
subsidiary of TechTeam Global, Inc., is based in Chantilly,
Virginia, and is a leading IT solutions company that provides IT
infrastructure support, information assurance, managed services,
and applications services support to federal, state, and local
governments. For information on TechTeam Government Solutions,
Inc., please call (800) 275-1177. TechTeam Global, Inc. is a
worldwide provider of IT and business process outsourcing services
to Fortune 1000 corporations, multinational companies, product
providers, small and mid-sized companies, and government entities.
TechTeam's ability to integrate computer services into a flexible,
total single-point-of-contact (SPOC) solution is a key element of
its success. Partnerships with some of the world's best-in-class
corporations provide TechTeam with unique expertise and experience
in providing IT support solutions, including IT outsourcing
services, government technology services, IT consulting and systems
integration, technical staffing, and learning services. For
information about TechTeam Global, Inc. and its services call (800)
522-4451 or visit http://www.techteam.com/ . TechTeam's common
stock is traded on the Nasdaq Global Market under the symbol
"TEAM." Headquartered in Southfield, Michigan, TechTeam also has
locations in Dearborn, Michigan; Davenport, Iowa; Chantilly,
Virginia; Portsmouth, Rhode Island; Bethesda, Maryland; Brussels
and Gent, Belgium; Uxbridge, United Kingdom; Cologne, Germany;
Gothenburg, Sweden; and Bucharest, Romania. Safe Harbor Statement
The statements contained in this press release that are not purely
historical, including statements regarding the Company's
expectations, hopes, beliefs, intentions, or strategies regarding
the future, are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements regarding, among
other things, the growth of the Company's core business, revenue,
and earnings performance going forward, management of overhead
expenses, productivity, and operating expenses. Forward-looking
statements may be identified by words including, but not limited
to, "anticipates," "believes," "intends," "estimates," "promises,"
"expects," "should," "conditioned upon," and similar expressions.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those projected in the forward- looking statements
as a result of various factors. Such factors include, but are not
limited to delays in the implementation of the business, changes in
customer's business or the requirements thereof, a decision by HHS
not to exercise one or more of the four option years under the
contract, or difficulties in providing the service solutions for
the customer. All forward- looking statements included in this
press release are based on information available to the Company on
the date hereof, and the Company assumes no obligation to update
any such forward-looking statements. Prospective investors should
also review the Company's Reports on Forms 8-K, 10-Q, and 10-K
filed with the United States Securities and Exchange Commission,
including Management's Discussion and Analysis of Financial
Condition and Results of Operations, and the risks described
therein from time to time, but especially the risk factors relating
to conducting business with the federal government. DATASOURCE:
TechTeam Global, Inc. CONTACT: Laura C. Szczybor, Marketing Manager
of TechTeam Government Solutions, Inc., +1-703-956-8198, ; Jessica
Klenk, +1-301-588-2900 ext. 121, , or Michael Rudd, +1-301-588-2900
ext. 115, , both of Boscobel Marketing Communications Web site:
http://www.techteam.com/
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