SOURCE: AMERICAN SYSTEMS

June 23, 2008 07:57 ET

AMERICAN SYSTEMS Chief Financial Officer Mark Danisewicz Selected as Virginia Business "CFO of the Year"

Publication Recognizes Outstanding Contributions to the Success of Virginia-Based Businesses

CHANTILLY, VA--(Marketwire - June 23, 2008) - AMERICAN SYSTEMS, a government and commercial IT solutions provider and one of the top 100 majority-owned ESOP companies in the U.S., today announced that its chief financial officer, Mark Danisewicz, was named "CFO of the Year" at the third annual Virginia Business CFO of the Year Awards banquet on June 19, 2008.

"I am extremely proud of what Mark and his team have accomplished during the past few years, and this award is well-deserved," said William C. Hoover, president and CEO, AMERICAN SYSTEMS. "Mark's contributions are integral to AMERICAN SYSTEMS' strong financial performance and continued success in a competitive marketplace, and this accolade is a testament to his exceptional leadership and financial capabilities."

One of only five honorees, Danisewicz was recognized in the "Large Private Company" category for his superior corporate finance accomplishments, including the assimilation of disparate accounting systems into one enterprise Finance and Accounting function; eliminating the company's Employee Stock Ownership Plan (ESOP) debt; and managing record profits for AMERICAN SYSTEMS in 2007.

The annual Virginia Business CFO of the Year Awards pay tribute to the contributions of chief financial officers to the success of Virginia-based businesses. This year's winners were selected from among 50 nominees by a panel of five judges that included a former chairwoman of the Virginia Society of Certified Public Accountants (CPAs) and four former award recipients. In addition to Virginia Business, the contest sponsors include Marsh, Tatum, RSM McGladrey and the Virginia Society of CPAs.

Danisewicz was recognized along with the other winners during a banquet on June 19 at The Jefferson Hotel in Richmond, VA.

About AMERICAN SYSTEMS

Founded in 1975, AMERICAN SYSTEMS is one of the largest majority-owned ESOP companies in the United States, with approximately 1,500 employees nationwide. Based in the Washington, DC, suburb of Chantilly, VA, the company provides systems engineering, technical and managed services to government and enterprise customers. AMERICAN SYSTEMS was named "Contractor of the Year" at the Greater Washington Government Contractor Awards in October 2007. For more information, please visit: www.AmericanSystems.com.

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