Press release from last week. $4.8 mill GSA contract and Partnership with Staubach.
Press Release Source: Spectrum Sciences & Software Holdings Corp.
Horne Engineering Partners with Staubach to Provide Nationwide Broker Services to GSA
Wednesday July 13, 8:00 am ET
FALLS CHURCH, Va.--(BUSINESS WIRE)--July 13, 2005--Spectrum Sciences & Software Holdings Corp. (OTCBB:SPSC - News) announced today that Horne Engineering Services, LLC, is the primary subcontractor on a team led by The Staubach Company that is providing construction management and real estate brokerage services to the General Services Administration (GSA) nationwide. The contract with GSA has a one-year base period and four one-year option periods. Horne Engineering's revenues from the project over the life of the contract (assuming exercise of all option periods) are estimated at approximately $4.8 million.
This brokerage services contract provides full life-cycle leasing support to all GSA Regions in executing lease transactions for U.S. Government real estate in all 50 states. Horne Engineering Services will provide construction management, program management, lease transaction support, small business advocacy support, and post-award services, including construction oversight of lease-related build-outs.
Horne Engineering's team members are collocated with Staubach's program management and lease transaction specialists at Staubach's Northeast Region headquarters in McLean, Virginia, working with the prime in a fully integrated team environment.
A wholly owned subsidiary of Spectrum Holdings, Horne Engineering is a technology and technical engineering solutions company whose primary service areas are national security, energy and environment, and transportation. Both Spectrum Sciences & Software Holdings Corp. and Horne Engineering Services are headquartered in Falls Church, Virginia.
The Staubach Company is a global, full-service real estate advisory firm that delivers cost-effective solutions for the users of office, industrial, and retail space. Founded in 1977, the company helped pioneer the concept of exclusive office tenant representation to minimize conflicts of interest and has since expanded services to meet clients' ever-changing requirements. Areas of expertise include site selection, acquisition and disposition, financing, design and construction consulting, and other outsourced services. With 50 offices in the Americas, The Staubach Company has access to 7,600 professionals worldwide in over 40 countries through DTZ Staubach Tie Leung, a joint venture with DTZ Debenham Tie Leung. For more information, visit staubach.com.
About Spectrum Sciences & Software Holdings Corp.
Spectrum Sciences & Software Holdings Corp. is a growth-oriented, customer-focused company that provides an integrated suite of manufacturing, technology, and technical engineering services. The company currently has more than 350 employees within its family of subsidiaries, which include Horne Engineering Services, horne.com, Spectrum Sciences & Software, Inc., specsci.com, M&M Engineering, mmeng.net, and Coast Engine and Equipment Company (CEECO).
More information about Spectrum Sciences & Software Holdings Corp. can be found at spectrumholdingscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Contact:
Spectrum Sciences & Software Holdings Corp., Falls Church
Investor Relations
Steve Cook, 800-368-5278 ext. 44
Steve.cook@specsci.com |
