November 17, 2006 07:00 ET

SM&A Reaches Record Deployment Level

NEWPORT BEACH, CA -- (MARKET WIRE) -- November 17, 2006 -- SM&A, Inc. (NASDAQ: WINS), the world's leading provider of services which helps its clients win competitive procurements and perform on complex programs and projects which they win, today announced that it has reached a record number of associates deployed in the field. Current deployment breaks the previous record set in the fourth quarter of 2004.

"This is a significant milestone for the Company because it is driven by a strong diversification of clients, markets, and programs," said Cathy McCarthy, president and COO of SM&A. "Unlike in 2004 when our high deployment was partly driven by a high concentration of our associates on a couple of programs, we are now well diversified within both our competition management and program services service lines. We believe these deployment levels reflect the performance, tenure and maturity of our account executive team and the demand for the high quality individuals who provide valuable services to our clients everyday. We also continue to gain traction by focusing on enhancing our relationships with our key legacy aerospace and defense accounts while building our business with new non A&D customers."

Safe Harbor Statement

The statements in this news release that refer to expectations for the remainder of fiscal year 2006 and fiscal year 2007 are forward-looking statements that involve a number of risks and uncertainties. Any one or number of factors could cause actual results to differ materially from expectations, and could include: shift in demand for SM&A's Competition Management and Performance Assurance services; fluctuations in the size, timing, and duration of client engagements; delays, cancellations, or shifts in emphasis for competitive procurement activities; declines in future defense, information technology, homeland security, new systems, and research and development expenditures, acquisition opportunities, and other risk factors listed in SM&A's SEC reports, including the report on Form 10-K for the year ended December 31, 2005 and the Form 10-Q to be filed for the period ended September 30, 2006. Actual results may differ materially from those expressed or implied. The company expressly does not undertake a duty to update forward-looking statements.

About SM&A

SM&A is the world's foremost management consulting firm providing leadership and mentoring solutions to PLAN for business capture, WIN competitive procurements and profitably PERFORM on the projects and programs won. Our proven processes, people and tools have delivered significant top-line and bottom-line growth across markets, products and services. From the largest aerospace and defense contractors, through the major software providers, to healthcare and financial/audit service providers, SM&A is the partner many companies turn to WHEN THEY MUST WIN.

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