TechTeam Government Solutions Awarded $28 Million, Five-Year Contract for IT Computing Support and Services from the National In
October 11 2006 - 10:00AM
PR Newswire (US)
TechTeam Government Solutions utilizes ITIL framework to deliver
support services to one of the world's leading medical research
centers CHANTILLY, Va., Oct. 11 /PRNewswire-FirstCall/ -- Sytel,
Inc., a wholly- owned subsidiary of TechTeam Government Solutions,
Inc. (TTGSI/Sytel) and provider of information technology (IT)
services to federal, state, and local markets, announced today that
it has been chosen by the National Institutes of Health (NIH),
Office of Information Technology (OIT) to deliver IT computing
support and services. Under this contract, TTGSI/Sytel will provide
help desk services, information security, web application design
and development, desktop support, IT server operations and
maintenance, and technical documentation. The estimated contract
value is $28 million in revenue over a five-year period and was
awarded under the Chief Information Officer-Solutions and Partners
2 Innovations (CIO-SP2i) contract. CIO-SP2i is NIH's government
wide acquisition contract for information technology services,
including systems integration, infrastructure protection and
software development. "We are very pleased to have been selected by
NIH OIT to provide comprehensive Information Technology
Infrastructure Library (ITIL) based IT support to its team of
professionals who passionately pursue cutting-edge medical research
for our nation. TTGSI/Sytel is committed to providing mission
critical IT support to this dedicated team of professionals,"
stated Dennis Kelly, President of TechTeam Government Solutions,
Inc. 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 expanded business,
changes in NIH's business or the requirements thereof, a decision
by NIH not to exercise one or more of the four option years under
the contract, or difficulties in providing the service solutions
for NIH. 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 Government Solutions, Inc.. CONTACT: Laura C. Szczybor,
Marketing Manager of TechTeam Government Solutions, Inc.,
+1-703-956-8198, or ; or Jessica Klenk, +1-301-588-2900 Ext. 121,
or , or Michael Rudd, +1-301-588-2900 Ext. 115, or , both of
Boscobel Marketing Communications Web site:
http://www.techteam.com/
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