Total Potential Value Expected to Exceed $20 Million
ALEXANDRIA, Va., Sept. 21 /PRNewswire-FirstCall/ -- Halifax Corporation
(Amex: HX) today announced that it has been awarded a new contract to provide
nationwide computer maintenance service and support for a consumer products
retail chain with over 5,000 locations. The initial value of the contract,
which runs through December 2005, is $6.7 million, with the potential value
estimated at more than $20 million if the client extends the contract through
2008.
Charles McNew, president and chief executive officer, stated, "This is a
major win for Halifax, solidifying our position as a prominent player in the
Point Of Sale maintenance and support marketplace.
"Our partner model and our focus on delivery of creative and cost-
effective enterprise maintenance solutions are creating a valuable stream of
long-term business," he said. "During the past month, we have announced long-
term bookings of nearly $50 million, and the sales team is continuing to
develop additional large-scale opportunities."
He added, "We are pleased to be announcing such positive news and we will
continue to diligently pursue future growth and enhanced shareholder value."
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, and secure network program
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 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
Company News On-Call:
http://www.prnewswire.com/comp/391950.html
CONTACT:
Karen Vahouny of Qorvis Communications,
+1-703-744-7809, or kvahouny@qorvis.com, for Halifax Corporation
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