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Technology Stocks : WFII (nasdaq) large insider buys starting

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From: bob zagorin1/18/2007 2:11:52 PM
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WFI Government Services, Inc. Wins Administrative Support Services Contract at Keyport, WA
Thursday January 18, 8:00 am ET
WFI Wins Third Task Order Award to Support Naval Undersea Warfare Center (NUWC)

SAN DIEGO, Jan. 18 /PRNewswire-FirstCall/ -- WFI (Nasdaq: WFII - News), a global leader in the design, deployment, and management of wireless communication networks, information technology solutions and security systems, announced today that they were selected by NUWC Keyport as the winner of a SEAPORT-e Task Order to provide Administrative Support Services to the Naval Undersea Warfare Center Division (NUWC) in Keyport, Washington. WFI and its teammate INDUS will support NUWC Keyport through a variety of organizational sectors under a task order which consists of a one year base period, four one-year option periods with a total potential value of approximately $9 million dollars. WFI estimates its portion of the contract value to be approximately $4 million. The task order announced today is WFI's third award to support NUWC in eighteen months.

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Under the task order announced today, WFI and INDUS will work collaboratively with the following organizational sectors: Operations Services Department, which includes Workforce Services Division, Infrastructure Services Division, Supply and Acquisition Services Division, and the Information Services Division; System Acceptance and Operational Readiness Department; Maintenance, Engineering, and Industrial Operations Department; and In-Service Engineering and ILS Departments.

"We are pleased to expand our successful support to NUWC Keyport as part of an exceptionally-qualified team led by INDUS," said Robin Mickle, president of WFI Government Services, Inc. "Our team is highly-qualified to provide the administrative services necessary to support NUWC's critical infrastructure over the next five years. With this third Keyport task order, WFI has become an experienced and sizeable provider to NUWC, and we look forward to continuing our support in other areas in the future."

WFI and its teammate INDUS, a nationally recognized provider of professional and IT services for the Department of Defense and other government agencies, will support NUWC, Keyport in accomplishing its overall mission of antisubmarine warfare and undersea warfare. The task order announced today is the third award WFI has received to support NUWC. The first task order was awarded in 2005 to support the Submarine C4I Alteration Installation Team (AIT) as a sub to Northrop Grumman. The second task order was awarded in July, 2006 to provide program and financial management services as a sub to INDUS.

About WFI

Headquartered in San Diego, CA, WFI is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com. (code: WFI-mb)
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