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The five-year agreement is initially worth approximately $1.8 million in support of the DEA’s Office of Information Systems.
Jin Kang, president of iSYS, said, “We are pleased to get an initial order from the DEA. This is yet another federal agency added to our growing list of customers. This agreement is not only an important entry point but it also offers us some potentially valuable new cross-selling opportunities.”
WidePoint EVP and CFO Jim McCubbin said, “This important new customer further expands our reach into our growing base of federal agencies and demonstrates our success at exporting our technological knowledge base, capabilities and expertise from one agency to another. Our ability to add new agencies and customers this year while maintaining our existing client base has been a key component to our recent success. We feel confident that we can continue this trend into the future.”
About WidePoint
WidePoint is a leading provider of advanced information technology products and services including identity assurance and information management and protection services, forensic informatics and wireless technology services. WidePoint has several wholly owned subsidiaries holding major contracts, Operational Research Consultants, Inc. (ORC), iSYS, LLC, Protexx, and WidePoint IL. WidePoint enables organizations to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. For more information, visit http://www.widepoint.com.
An investment profile about WidePoint may be found at http://www.hawkassociates.com/profile/wyy.cfm.
For investor relations information regarding WidePoint, visit http://www.hawkassociates.com, or contact Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: widepoint@hawkassociates.com. To receive notification of future releases via e-mail, subscribe at http://www.hawkassociates.com/about/alert/.
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, including our ability to generate additional funding to finance our capital needs, our ability to implement our acquisition program and integrate acquired businesses into our company, our dependence on our key employees and significant customers, changes in the spending policies or budget priorities of the federal government and other factors discussed in the company’s Forms 10-K and 10-Q filed with the SEC.



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