TechTeam Awarded Three USDA Contracts Worth $1.8 Million
October 13 2008 - 10:32AM
PR Newswire (US)
TechTeam Government Solutions to Continue Portal Design and
Development for USDA's Agricultural Marketing Service CHANTILLY,
Va., Oct. 13 /PRNewswire-FirstCall/ -- TechTeam Government
Solutions, Inc., a wholly-owned subsidiary of TechTeam Global, Inc.
(NASDAQ: TEAM), a provider of information technology (IT) services
to government and Fortune 1000 customers, announced today that it
will build three new portals for the United States Department of
Agriculture (USDA) Agricultural Marketing Service (AMS). This award
falls under a five-year agreement issued by AMS in December of
2005. The $1.8 million in contracts are for the design and
development of AMS Poultry Market News, Dairy Market News and
Cotton Market News portals. This work comes on the heels of
TechTeam's requirements analysis and design and costing of the
three new portals, which was awarded in July 2007. Prior to this
contract award, TechTeam built portals for Fruit & Vegetable
and Livestock & Grain Market News. The Market News portals
provide current and historic pricing and movement information for
individual agricultural commodities, news releases and currency
conversion tools; plus National Oceanic & Atmospheric
Administration agricultural weather information. It's estimated
that 3,000 USDA customers access the Market News on a daily basis
to get the latest reports and market information. "USDA relies on
Market News portals to provide timely and accurate information to
its customers," said David Kriegman, president of TechTeam
Government Solutions. "TechTeam understands the importance of this
mission, and we'll continue to provide world-class quality service
to meet this critical need." About TechTeam Government Solutions,
Inc. TechTeam Government Solutions, Inc., a wholly-owned subsidiary
of TechTeam Global, Inc., is based in Chantilly, Virginia. The
company collaborates with federal, state and local governments to
provide comprehensive IT lifecycle support in the areas of
infrastructure, information assurance, managed services and
application services. For information about TechTeam Government
Solutions, Inc., please call 800 275-1177 or visit
http://www.techteam.com/governmentsolutions. About TechTeam Global,
Inc. TechTeam Global, Inc. is a worldwide provider of information
technology, enterprise support and business process outsourcing
services to Fortune 1000 corporations, multinational companies,
product providers, small and medium-sized companies, and government
entities. TechTeam's ability to integrate computer services into a
flexible, ITIL-based solution is a key element of its strategy.
Partnerships with some of the world's "best-in-class" corporations
provide TechTeam with unique expertise and experience in providing
information technology support solutions. For information about
TechTeam Global, Inc. and its services, call 800-522-4451 or visit
our Web sites at http://www.techteam.com/ and
http://www.techteam.eu/. TechTeam's common stock is traded on the
NASDAQ Global Market under the symbol "TEAM." 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 Company's performance going forward.
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 the customer's business
or requirements thereof; difficulties in obtaining the customer's
knowledge, procedures, or authorizations; and 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.
Contacts: TechTeam Government Solutions, Inc. Gary Mears (703)
481-7398 Boscobel Marketing Communications Jessica Klenk (301)
588-2900 Ext. 121 Boscobel Marketing Communications Michael Rudd
(301) 588-2900 Ext. 115 DATASOURCE: TechTeam Global, Inc. CONTACT:
Gary Mears, TechTeam Government Solutions, Inc., +1-703-481-7398, ;
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/
http://www.techteam.eu/ http://www.techteam.com/governmentsolutions
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