VIENNA, Va., Oct. 6 /PRNewswire/ -- GRC International (NYSE: GRH) today
announced the recent election of Dr. Gerald R. McNichols, 56, to GRC
International's board of directors increasing the members on the board to
nine. Dr. McNichols is a senior vice president of GRC International, general
manager of the company's MCR Division and president of MCR Federal.
"Mac is a knowledgeable addition to the GRCI board bringing more than 30
years of related experience in the professional and technical services
industry, government and military," said GRCI Chairman Joseph Wright Jr.
"Having started and successfully grown his own defense-industry consulting
firm, Mac will provide the board with a valuable perspective. I look forward
to working with Mac."
Dr. McNichols was president and CEO of Management Consulting & Research
Inc. prior to its acquisition by GRC International last month. For more than
20 years he led his company in performing studies for government and industry
clients, focusing on project management, cost analysis, and financial
management support. MCR was purchased as an important element in GRCI's plan
to further improve its recent strong financial performance and position the
company for continuing future growth. As previously announced, GRC
International President and CEO Gary Denman has targeted 10-to-20 percent
annual internal growth supplemented by selective acquisitions, 10 percent
annual improvement in operating margins, and the positioning of GRCI as a
prime contractor focused on the federal information technology market.
Upon his election to the GRC International board, Dr. McNichols said,
"GRCI is uniquely positioned to take advantage of the enormous opportunities
in the professional and technical services industry. I am delighted to have
this opportunity to work with Joe, Gary and the rest of the board as we expand
and take full advantage of GRCI's growth potential."
Prior to launching MCR in 1977, Dr. McNichols was vice president of J.
Watson Noah Associates Inc. (cost analysis consultants) and was vice president
of GENTECH Inc. (information systems consultants). During nine years of
government service he was special assistant to the deputy assistant secretary
of defense (resource analysis). He was commissioned by the U.S. Air Force in
1965, and spent four years on the Air Staff before joining the Office of the
Secretary of Defense.
Dr. McNichols has been an adjunct professor at George Mason University in
Fairfax, Va., and The George Washington University in Washington, DC. He holds
an Sc.D. in engineering from The George Washington University, an M.S. in
operations research from the University of Pennsylvania, and a B.S. (honors)
in management science/mathematics from Case Western Reserve University.
Dr. McNichols, who is a Certified Cost Estimator/Analyst (CCEA), has
written numerous publications on industry-related topics. He also has been
recognized with numerous industry awards and serves on a number of civic and
industry boards.
GRC International Inc., headquartered in Vienna, Va., is a leading
provider of professional services focusing on information technology,
management consulting, and engineering services for a national clientele in
the government and commercial sectors. GRCI is a publicly traded company
listed on the New York Stock Exchange under the symbol GRH. Additional details
about GRC International can be obtained on the Internet at
http://www.grci.com/.
Forward-looking statements contained in this release are subject to risks
and uncertainties that could cause actual results to differ materially. These
risks and uncertainties include the company's dependence on continued funding
of U.S. Department of Defense programs and the company's ability to fill
required staff positions to service the contracts granted under those
programs; government contract procurement and termination risks; and other
risks described in the company's Securities and Exchange Commission filings.
SOURCE GRC International
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http://www.grci.com
Company News On-Call:
http://www.prnewswire.com/comp/320275.html or fax,
800-758-5804, ext. 320275
CONTACT:
Wayne Jackson, Director of Corporate
Communications of GRC International, 703-506-5038
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