ALEXANDRIA, Va., July 18 /PRNewswire-FirstCall/ -- Halifax Corporation
(Amex: HX) today announced that it has signed multiple new enterprise
maintenance solutions contracts and service agreements with various
partners. The annual value of the contracts, in total, is about $6.2
million. The Company commences services under all the contracts/agreements
this month.
The contracts are expected to generate revenues of about $4.2 million
for the Company's 2007 fiscal year, which closes on March 31, 2007.
The new customers include a large national retailer, a prominent
financial services company and a major aerospace firm. Halifax will be
providing a broad spectrum of managed services in association with its
global service partners.
Charles McNew, president and chief executive officer, stated, "We have
been experiencing a recent spurt in activity as evidenced by the continued
strengthening of our sales pipeline and our newly signed business. Several
of these new contracts, if extended, offer the prospect of more significant
revenues in the 2008 fiscal year and beyond.
"Our determination to provide premium caliber service levels at highly
competitive pricing levels continues to facilitate our growth in the
managed services provider marketplace. We're pleased that our top-tier
partners are a continuing source of new business, and I'm confident that
this will result in meaningful future growth."
Founded in 1967, Halifax Corporation is an enterprise maintenance
solutions company providing a wide range of technology services to
commercial and government customers throughout the United States. The
Company's principal products are high availability hardware maintenance
services, technology deployment and integration services. More information
on Halifax can be found at http://www.hxcorp.com.
Certain statements made by the Company which are not historical facts
may be considered forward-looking statements, including, without
limitation, statements as to trends, management's beliefs, views,
expectations and opinions, which are based upon a number of assumptions
concerning future conditions that ultimately may prove to be inaccurate.
Such forward-looking statements are subject to risks and uncertainties and
may be affected by various factors described in the Risk Factors Section in
the Company's Annual Report on Form 10-K that may cause actual results to
differ materially from those in the forward-looking statements. For further
information that could affect the Company's financial statements, please
refer to the Company's reports filed with the Securities and Exchange
Commission.
SOURCE Halifax Corporation
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Related links:
http://www.hxcorp.com
http://www.prnewswire.com/comp/391950.html/
CONTACT:
For investor relations information, contact:
Karen Vahouny for Halifax Corporation, +1-703-744-7809 or
kvahouny@qorvis.com
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