Tuesday April 25, 9:30 am Eastern Time
Company Press Release
SOURCE: CyberGuard Corporation
CyberGuard Corporation Announces Million Dollar Firewall Contract with Major Government Reseller New Technology Management, Inc. (NTMI)
-- Commits to More than $1 Million in Firewalls for Undisclosed Buyer --
-- Win Affirms Strength in Government Market --
FT. LAUDERDALE, Fla., April 25 /PRNewswire/ -- CyberGuard Corporation (OTC Bulletin Board: CYBG <http://finance.yahoo.com/q?s=cybg.ob&d=t> - news </n/c/cybg.ob.html>), a leading provider of network security solutions, today announced it has received a $1 million order from New Technology Management Inc. (NTMI), a leading government contractor. Under the terms of the agreement, CyberGuard will provide high-end firewall products to a classified undisclosed end user, procured on behalf of the United States government by NTMI.
The total procurement amount is expected to reach approximately $1.5 million. According to NTMI, CyberGuard's products were chosen because of their multiple level security architecture and hardened operating and network features that are particularly suited for the high security needs of their government customers.
The agreement with NTMI is part of CyberGuard's strategy to leverage resale distribution channels to market firewalls to industry-leading companies and government agencies with large data infrastructures and security needs. By working with NTMI, one of the largest minority owned government contractors in the Metropolitan Washington DC area, the company is poised for additional growth opportunities in the government arena.
``Working with NTMI provides us with a partner we can now leverage to promote our superior security technology to companies who contract with the federal government,'' said David Proctor, chief executive officer for CyberGuard Corporation. ``This agreement reaffirms our strength in the government market.''
Lurita Doan, president of NTMI, commented, ``Delivering a top-notch product on time and on budget is critical to our success with our government clients. We partner with CyberGuard due to their ability to deliver a superior high- availability firewall that is cost-effective and has few implementation barriers.''
About New Technology Management Inc. (NTMI)
New Technology Management Inc. (NTMI) is a $25 million information technology provider specializing in non-intrusive remote inspection devices, remote data transfer technologies, and complex network integration. Founded in 1990 by Lurita Doan, NTMI is a provider of cutting-edge information technology operations, management, acquisition, maintenance and integration services for a variety of military and civilian agencies, including but not limited to the Navy, Army, Air Force, US Customs and the U.S. Dept. of Agriculture. More information on NTMI can be found at <http://www.ntmi.com>. |
