Thomas Group Wins Prime Contract Award from U.S. Navy
July 09 2007 - 12:51PM
Business Wire
Thomas Group, Inc., (NasdaqGM:TGIS), today announced it has been
awarded a SeaPort Enhanced (SeaPort-e) Indefinite Delivery,
Indefinite Quantity (IDIQ) Prime Contract by the Naval Sea Systems
Command (NAVSEA) Surface Warfare Center in Dahlgren, VA. This award
has a five-year base term and one additional three-year award term.
SeaPort-e is a Web-based, e-business procurement Portal used to
facilitate the acquisition of performance-based services that
encompass 22 functional service areas and seven geographic contract
zones across the U. S. Navy. SeaPort-e provides a faster, better,
and more cost-effective means of contracting for professional
support services. It furthers the Navy�s Seapower 21 objective to
increase efficiency, and allows for tailoring services according to
the needs of geographically-dispersed organizations with
significantly diverse product area requirements and missions. The
U.S. Navy estimates the award of $5.3 Billion per year in
professional services through SeaPort-e procurement. In
competitively securing the SeaPort-e Prime contract, Thomas Group
will implement its proprietary Process Value Management (PVM)
change management methodology, a highly effective program already
in widespread use throughout the U.S. Navy operations. PVM focuses
on defining and driving process improvement, transparency across
all related activities, and the elimination of non-value added
activities. PVM links each step to others through a series of
hierarchical leading metrics to facilitate management
accountability throughout the enterprise. �We are extremely pleased
to be chosen as a Prime Contractor under the NAVSEA SeaPort-e
acquisition program. For nearly 30 years, Thomas Group has
delivered high value results that have improved the competitiveness
of both our private and public sector clients. This contract award
will enable Thomas Group to continue to partner with the U.S. Navy
by supporting the Navy�s commitment to competitive procurement.
Thomas Group, along with our initial teammates, P/E Limited and
Nine Yards Media, look forward to actively competing throughout the
U. S. Navy to continue effectively implementing our commercial PVM
�Best Practices� approach to process and enterprise improvement and
cultural change management services,� said Jim Taylor, Thomas Group
CEO and president. About Thomas Group Thomas Group, Inc. (NasdaqGM:
TGIS) is an international, publicly traded professional services
firm specializing in operational improvements. Thomas Group's
unique brand of process improvement and performance management
services enable businesses to enhance operations, improve
productivity and quality, reduce costs, generate cash and drive
higher profitability. Known for Breakthrough Process Performance,
Thomas Group creates and implements customized improvement
strategies for sustained performance improvements in all facets of
the business enterprise. Thomas Group has offices in Dallas,
Detroit, and Hong Kong. For more information please visit
www.thomasgroup.com. Safe Harbor Statement under the Private
Securities Litigation Reform Act Statements in this release that
are not strictly historical are �forward-looking� statements, which
should be considered as subject to the many uncertainties that
exist in the Company�s operations and business environment. These
uncertainties, which include economic and business conditions that
may impact clients and the Company�s performance-oriented fees,
timing of contracts and revenue recognition, competitive and cost
factors, and the like, are set forth in the Company�s filings from
time to time with the Securities and Exchange Commission, including
the Company�s Form 10-K for the year ended December 31, 2006.
Except as required by law, the Company expressly disclaims any
intent or obligation to update any forward looking statements.
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