Potential Value Expected to Exceed $20 Million
ALEXANDRIA, Va., Dec. 1 /PRNewswire-FirstCall/ -- Halifax Corporation
(Amex: HX) today announced that it has been awarded a new contract to provide
nationwide managed services for a major pharmaceutical industry account, with
12 campus locations and multiple sales and support sites.
The initial value of the contract is estimated at $4.5 million for the
first year, with a potential value of more than $20 million if the contract is
extended for the full five-year term. Under the contract, Halifax will
maintain the customer's desktop computers and peripheral devices, as well as
provide desk side support and other related services.
Charles McNew, president and chief executive officer, stated, "This is a
strategic win for us. The customer's selection of Halifax has clearly
demonstrated their confidence in our ability to deliver a first-class service
package."
He added, "New business opportunities are beginning to emerge once again
in the enterprise maintenance solutions marketplace. We believe that our
relationships with prestigious partners will allow us to extend our position
in existing and new vertical markets."
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
Company News On-Call:
http://www.prnewswire.com/comp/391950.html
CONTACT:
Investor Relations, Karen Vahouny, Qorvis
Communications, +1-703-744-7809, or kvahouny@qorvis.com, for
Halifax Corporation
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