Three-Year Contract Valued at Over $20 Million
ALEXANDRIA, Va., Oct. 22 /PRNewswire-FirstCall/ -- Halifax Corporation
(Amex: HX) today announced that the Company's contract for Seat Management
Services with the Virginia Department of Transportation (VDOT) has been
extended for three years. The contract, which is valued at over $20 million,
also provides for an optional three-year renewal at the conclusion of the
current contract term.
Halifax has provided VDOT with an efficient and cost-effective seat
management solution on an agency-wide basis for over 7,700 desktops and
servers since 1998.
According to Charles McNew, president and CEO, "Halifax has worked closely
with VDOT management to develop a well-constructed, long-term solution for its
seat management needs, which significantly lowers the total cost of
infrastructure ownership. We are pleased to extend this valued long-term
partnership, and we look forward to continuing to provide our customer with
the high level of service and cost-effective delivery standards that have
become a cornerstone of the Halifax model."
The Company has reported five consecutive quarters of sequential earnings
growth on an expanding revenue base, contract backlog of more than $65
million, and a strengthening balance sheet.
Founded in 1967, Halifax Corporation is a managed services company
providing a wide range of information technology services to commercial and
government customers throughout the United States. The Company's principal
products are Enterprise Maintenance Solutions, Seat Management/IT Solutions,
and Federal Communications Services.
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, 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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