Contact Information: Company Contact: Dr. Edward H. Bersoff Chairman, President and Chief Executive Officer ATS Corporation (703) 506-0088 Investor Relations Contact: Laura Kowalcyk Investor Relations CJP Communications for ATS Corporation (212) 279-3115 ext. 209 Email Contact
ATS Corporation Awarded $4.3 Million U.S. Naval Medical Information Management Center (NMIMC) Contract
| Source: ATS Corporation
MCLEAN, VA -- (MARKET WIRE) -- April 17, 2007 -- ATS Corporation ("ATSC") (OTCBB : ATCT )
subsidiary, Advanced Technology Systems, Inc., announced today that it was
awarded a five-year contract to provide Navy Medicine On-Line (NMO)
Sustainment Support Services through a subcontract with Celtic
Technologies. The total value of the contract to ATSC, which has one base
year and four one-year options, is $4.3 million if all options are
exercised.
ATSC will provide information technology (IT) and life cycle engineering
services to the NMO Portal which is Navy Medicine's centralized online
portal presence. The system serves a vital role in the overall process of
collecting, analyzing, and brokering medical information into one common
operational view for the Navy Bureau of Medicine, Navy and Marine Corps
Operational Units, and Navy Medical Treatment Facilities worldwide.
"Over the past six years, Navy Medicine, with ATSC as the lead integrator,
has made a significant investment to build, deploy and establish a baseline
architecture and system that will foster continued growth among the Navy's
medical communities of interest in the future," said Stan Weathers, ATSC
Vice President for DOD Operations. "We expect our partnership with Celtic
Technologies to further expand the capabilities of this mission-critical
system."
About ATS Corporation and Advanced Technology Systems, Inc.
ATS Corporation (formerly named Federal Services Acquisition Corporation)
operates through its subsidiaries, Advanced Technology Systems, Inc.,
Reliable Integration Services, and Appix, Inc.
Advanced Technology Systems, Inc. ("ATS") is a leading provider of systems
integration and application development, IT infrastructure management and
strategic IT consulting services to U.S. federal government agencies. Since
its founding in 1978, ATS has been recognized for its custom software
development and software integration capabilities and its deep domain
expertise in federal government financial, human resource and data
management systems. ATS has built and implemented over 100 mission-critical
systems for clients.
ATS' financial management software expertise assists clients preparing for
the government's increased financial accountability standards. ATS' data
management systems expertise allows clients to increase efficiency with
better human resource and case management tracking capabilities, while also
allowing them to organize and track information easily. Additionally, ATS'
IT outsourcing capabilities provide ATS with an opportunity to develop
long-term value added partnerships with clients that allow end-users and
government agencies to focus on core mission priorities, while reducing
expenditures on systems management.
In addition, ATSC leverages its IT services, management consulting, and
software and systems development solutions expertise into financial
institutions, insurance companies and government sponsored enterprises
through a wholly owned subsidiary, Appix, Inc. ("Appix"). Appix is one of
the largest providers of outsourced professional services at Fannie Mae and
currently serves many Fortune 500 financial services and insurance
companies. Additional information about Appix may be found at
www.appix.com.
Additional information about ATSC and ATS may be found at www.atsva.com.
This document may contain "forward-looking statements" -- that is,
statements related to future, not past -- events, plans, and prospects. In
this context, forward-looking statements may address matters such as our
expected future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes," "seeks,"
"should" or "will." Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. For ATSC, particular
uncertainties that could adversely or positively affect the Company's
future results include: risks related to the government contracting
industry, including possible changes in government spending priorities;
risks related to the Company's business, including its dependence on
contracts with U.S. Federal Government agencies and departments and
continued good relations, and being successful in competitive bidding, with
those customers; uncertainties as to whether revenues corresponding to the
Company's contract backlog will actually be received; risks related to
implementation of the Company's strategic plan, including the ability to
make acquisitions and the performance and future integration of acquired
businesses; and other risks and uncertainties disclosed in the Company's
filings with the Securities and Exchange Commission. These uncertainties
may cause ATSC's actual future results to be materially different than
those expressed in the Company's forward-looking statements. ATSC does not
undertake to update its forward-looking statements.