ZMAX Launches National Management Consulting Practice
Recruits Industry Executive, Dr. Michael Hildreth, to Lead New Practice
GERMANTOWN, Md.--(BUSINESS WIRE)--Aug. 19, 1999--ZMAX Corporation (NASDAQ:ZMAX - news) today announced that Michael Hildreth, Ph.D., has joined the Company to head the new management consulting practice.
This action is part of ZMAX's previously announced plan to expand into high-growth, high-end niches of the information technology (IT) market through both internal growth and acquisitions.
Michael C. Higgins, president and chief executive officer of ZMAX, notes, ``We have practice leaders in place for all of our existing IT segments: e-business, enterprise resource planning (ERP), and client server development. With the hiring of Dr. Hildreth, we have established a fourth practice area, management consulting, that will ensure that business strategies, processes, and technology solutions are integrated throughout all of our services.'
``The addition of a management consulting practice strengthens our position as a full-service IT consulting firm offering customers a webcentric approach toward their business through all phases of strategy, design and implementation,' Higgins continues. ``Dr. Hildreth has developed proprietary methodologies that we will utilize to improve the management and control of larger IT projects.'
Notes Higgins, ``We believe that the creation of this practice area will translate into more significant growth for ZMAX, as it enhances our ability to pursue, win and implement larger and higher-margin IT contracts.'
Dr. Hildreth's background includes 25 years of experience in corporate management, information systems, education and consulting. Prior to joining ZMAX, Hildreth was vice president - technology, of CNA Insurance, a multi-line international financial and insurance company.
Earlier positions included serving as director of CIO solutions at AnswerThink Consulting Group, professional services director for Sequent Computer Systems, and vice president of solutions development for Computer Horizons Corporation. He also has held various management and technical positions at Ameritech, Bellcore, AT&T and Illinois Bell.
Hildreth holds a Ph.D. in organizational development from LaSalle University, as well as Masters of Science and Bachelor of Science degrees in management from National-Louis University.
According to Dr. Hildreth, ``Our management consulting practice will provide a range of IT professional services to our clients, including program management, project management, and strategic and solutions planning. Our goal is to build a world-class process to help companies identify how and where to apply today's IT technology to advance their most important business objectives.'
Dr. Hildreth will be based in ZMAX's Chicago, Illinois office. The creation of a national management consulting practice follows an announcement last month that ZMAX had hired Edward Markowitz to head the Company's national ERP practice.
Headquartered in Germantown, Maryland, ZMAX Corporation is an information technology consulting firm. The Company's IT services include enterprise resource planning implementation, client server development, e-business, management consulting 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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