SOURCE: WidePoint Corporation

August 21, 2007 11:00 ET

WidePoint Signs $2 Million Line of Credit With Cardinal Bank

FAIRFAX, VA--(Marketwire - August 21, 2007) - WidePoint Corporation (AMEX: WYY), a leading provider of information technology assurance and identity management services, today announced that the company entered into a revolving senior line of credit with Cardinal Bank for up to $2 million dollars.

The revolving senior line of credit will provide the company with additional capital resources to fund liquidity requirements for future contract awards and bolster its capital resources to fund the growth of its operations. The interest rate on the revolving senior line of credit is variable and based upon the prime lending rate with a term through September 1, 2008.

WidePoint CFO Jim McCubbin said, "This new line of credit with Cardinal Bank will assist us in further strengthening our financial capabilities in anticipation of several initiatives we are pursuing. The line of credit, while not presently required by the Company, establishes a cost effective financial vehicle to fund our businesses through periods of rapid expansion and allows us to fund opportunistic growth situations. Cardinal Bank has considerable experience as a preferred lender to growing companies in the federal market. We are pleased with this expansion of our relationship with Cardinal Bank and look forward to their assistance and financial expertise as we continue to expand our relationship in the future. We look forward to keeping our shareholders updated on the activities this facility will enable us to pursue."

Cardinal Bank SVP Sushil Clarence stated, "WidePoint was seeking a bank with knowledge of the federal marketplace, product sophistication, and a higher level of personal service. As a community bank, we at Cardinal are very pleased to be the financial partner of choice for a public company such as WidePoint."

About WidePoint

WidePoint is a technology-based provider of products and services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint's wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering/integration. ORC has earned four major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet.

WidePoint's profile of customers encompasses U.S. Federal Government agencies, including the Department of Defense, the Department of Homeland Security and the Department of Justice as well as major U.S. defense contractors and several major pharmaceutical companies. For more information, visit

An investment profile about WidePoint may be found at

For investor relations information regarding WidePoint, contact Frank Hawkins or Cale Smith, Hawk Associates, at (305) 451-1888, e-mail:

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 the risk factors disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

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