Federal Express, Sodexho Marriott and Lockheed Martin Award Contracts to ZMAX
Combined Potential Value Exceeds $1 Million
GERMANTOWN, Md.--(BUSINESS WIRE)--June 15, 1999-- ZMAX Corporation (NASDAQ:ZMAX - news) today announced that it has been awarded a contract to license its Independent Verification and Validation (IV&V) software product to Federal Express Corporation (NYSE: FDX - news), as well as provide IV&V services to Sodexho Marriott (NYSE: SDH - news) and Lockheed Martin (NYSE: LMT - news).
According to Michael C. Higgins, President and Chief Executive Officer of ZMAX, ''Federal Express, Sodexho Marriott and Lockheed Martin each has an outstanding reputation for its quality and customer service programs, and we're proud that companies of their caliber have selected ZMAX's IV&V software product or services.''
The combined potential value of these awards, including follow-on development services, is in excess of $1.0 million.
Higgins stated that ''Our products and services continue to be selected by a diverse range of commercial and government clients, and we plan to work diligently not only to add to this customer list but also to increase the services we offer to these customers. We believe that we can build upon our established relationships in the Year 2000 arena and demonstrate that our other information technology consulting services are a natural extension of our customers' Y2K conversion, testing, and IV&V processes.''
Headquartered in Germantown, Maryland, ZMAX Corporation is an information technology (IT) consulting firm. The Company's IT services include enterprise resource planning implementation, client server development, e-business services, and Year 2000 software and services.
Statements made in this press release that are not historical or current facts are ''forward looking statements'' made pursuant to the safe harbor provisions of federal securities laws.
Forward looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected.
These factors and others are discussed in the ''Management Discussion and Analysis'' section of ZMAX's Annual Report on Form 10-K for the fiscal year ended December 31, 1998, to which reference should be made.
ZMAX CORPORATION is quoted on the NASDAQ Small Cap exchange under the symbol of ''ZMAX'' and on the Frankfurt and Berlin Stock Exchanges under the symbol of ''ZMX''
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Contact:
ZMAX CORPORATION
Investor Communications Co.
800/416-0811 or 800/547-0443
iccinfo.com
or
The Poretz Group
Karen Vahouny, 703/506-1778 Ext. 224
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