SRX Sra International

SRA Assists Pension Benefit Guaranty Corporation With Launch of eGovernment Premium Filing System My PAA Online Self-Service Center Provides Secure Alternative to Paper-Based Filings and Payments FAIRFAX, Va., April 12 /PRNewswire-FirstCall/ -- SRA International, Inc. , a leading provider of information technology (IT) services and solutions to the federal government, today announced the successful implementation of My Plan Administration Account (My PAA), an online e-filing service center developed for the Pension Benefit Guaranty Corporation (PBGC). My PAA is available on PBGC's Web site (http://www.pbgc.gov/). PBGC is responsible for protecting the pensions of 44 million American workers and retirees in more than 31,000 private-sector defined benefit pension plans. Companies that sponsor this type of pension plan are required by law to submit premium filings (i.e., forms) and payments to PBGC every year. Currently, plan sponsors, administrators and pension practitioners use a paper-based filing process to make these submissions. With My PAA, premium filers use an efficient and secure electronic alternative to the existing paper-based system to submit filings through the Internet. My PAA allows any premium payer toestablish an online account, create a filing and route it to multiple team members for their input and digital signature and submit the filing and payment to PBGC via a secure Web site. According to Hazel Broadnax, PBGC's chief financial officer, "My PAA is a key first step in our plan sponsor eGovernment initiatives. Enabling customers to conduct key business transactions in a secure online environment increases efficiency. We listened to the practitioner community and automated a very important business function, which has made the premium submissions process more efficient and effective." SRA has been a provider of IT services to PBGC since 2001 and was the sole contractor on the My PAA project. The SRA team performed a broad range of system development services including business case and strategy development, requirements and design, system programming, testing, and deployment of the eGovernment solution. "SRA is pleased to support this important eGovernment initiative and continue a successful working relationship with PBGC," said SRA Chief Executive Officer and Chairman Ernst Volgenau. "My PAA provides a practical solution that streamlines PBGC's premium filing process. We are proud to be supporting PBGC in its efforts to automate its key business functions and meet the challenges of the Government Paperwork Elimination Act." About SRA International, Inc. SRA is a leading provider of information technology services and solutions to clients in national security, civil government, and health care and public health. SRA services include strategic consulting; management and environmental consulting services; systems design, development, and integration; and outsourcing and operations management. The Company also delivers business solutions for text and data mining, contingency and disaster response planning, information assurance, environmental strategies and technology, enterprise architecture, network operations and management, enterprise systems management, and wireless integration. FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for five consecutive years. The Company's 3,200 employees serve clients from its headquarters in Fairfax, Virginia, and offices across the country. For additional information on SRA, please visit http://www.sra.com/. Any statements in this press release about future expectations, plans, and prospects for SRA, including statements about the estimated value of the task order and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies, particularly within the U.S. Department of Defense, for substantially all of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our Annual Report on Form 10-K forthe fiscal year ended June 30, 2003 filed with the Securities and Exchange Commission (SEC) on September 29, 2003 and our latest quarterly report on Form 10-Q filed with the SEC on February 13, 2004. In addition, the forward-looking statements included in this press release represent our views as of April 12, 2004. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future,we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to April 12, 2004. DATASOURCE: SRA International, Inc. CONTACT: Laura Luke of SRA International, Inc., +1-703-803-1856, Web site: http://www.sra.com/ http://www.pbgc.gov/

Copyright