IMCI Infinite Group Inc (CE)

Infinite Group, Inc. (IMCI.OB) today announced it has been awarded a contract under the Department of the Navy's SeaPort-Enhanced (SeaPort-e) program. The competitively awarded contract is an indefinite-delivery/indefinite-quantity multiple award prime contract with a three-year base period with one five-year award term and one additional two-year award term. The Navy estimates a maximum of $5,300,000,000 of services will be procured per year via orders issued under the SeaPort-e program. This contract will allow IGI to compete for and perform service requirements solicited by the Naval Sea Systems Command, Naval Air Systems Command, Space and Naval Warfare Systems Command, Naval Supply Systems Command, Military Sealift Command, Naval Facilities Engineering Command, Strategic Systems Programs, and the Marine Corps. Prospective customers under this contract also include other organizations within the Department of Defense (DoD), non-DoD agencies, and certain joint agency organizations for work that is integrally related to the scope and mission of the contract. This work involves professional services in all phases of naval ship and weapon systems acquisition and life-cycle support, including research and development support, prototyping, technology analysis, acquisition logistics, project management support, modeling, test and evaluation trials, crisis and consequence management, and engineering support. Ralph Roman, IGI's Chief Contracts Officer, commented: "Seaport-e reflects a tangible example of the Navy's transformation into a 21st century paperless organization, which harnesses web-based technology to discharge its business. This prime contract award gives us the opportunity to diversify and expand our business base into the Department of Defense market, which is consistent with our growth strategy. We intend to aggressively pursue tasks with the U.S. Navy in a wide variety of professional services in four designated regions of the country." IGI provides business, program management and technology integration and systems support to federal, state and local government and commercial clients. Our business engagements include the operation and support of leading edge, complex programs in advanced computing environments (network services), wireless technology, program and project management, earned value management, risk analysis and management, human capital services, enterprise architecture and biometric technology. We focus on aligning business processes with technology for the delivery of solutions meeting our clients' exact needs. For more information about IGI, please visit our website at www.us-igi.com. This news release may include statements that may constitute "forward-looking statements," including estimates of future business prospects or financial results, including the prospect of procuring orders under the U.S. Navy contract, as to which there is no assurance. Any forward-looking statements herein are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are many factors that could cause actual results of Infinite Group, Inc. (IGI) to differ materially from forward-looking statements. Please refer to a discussion of these factors in the Company's Annual Reports on Form 10-KSB, Quarterly Reports on Forms 10-QSB and other Securities and Exchange Commission filings, which are incorporated herein by reference. IGI disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.