ACTI coming off a low of 1 1/2. News today:
Applied Computer Technology Receives Renewal Contract from State of Colorado
FORT COLLINS, Colo.--(BUSINESS WIRE)--Feb 9, 1998--Applied Computer Technology, Inc.
(NASDAQ: ACTI), a high-quality provider of complete, customized information system
solutions to performance-driven businesses, government institutions and public
organizations, today announced that the State of Colorado has renewed
its annual purchase contract with the company for the second consecutive year.
Under the terms of the contract, all Colorado State agencies, institutions,
universities, and political subdivisions can purchase computers from
Applied Computer Technology and other contract awardees. Applied Computer
Technology received an estimated $5 million in orders from the State of Colorado
and political subdivisions in 1997.
"We are please to receive the renewal of this contract for the second year,"
said Bud Prentice, President, CEO of Applied Computer Technology. Prentice
continued, "In response to this continuing opportunity, the Company is
intensifying its sales efforts to Colorado State agencies. We have enjoyed
successful business relationships with State agencies over the past 5 years
and now intend to leverage that success to establish new relationships with
additional agencies. We have appointed an experienced Sales Manager to work
directly with our State of Colorado Account Executives, and we anticipate
that he will be successful in growing this valuable portion of the Company's
business."
Note to Editors: When used in this report, the words
"anticipates", "believes', "estimated", "expect", and
similar expressions are intended to identify
forward-looking statements. Such statements indicate
management's reasonable assessment of the company's
growth opportunities based upon the recent award of
this contract. This opportunity is subject to risks
and uncertainties which could cause actual results to
differ materially from those projected. The growth
prospects discussed in this report represents
management's reasonable projections and do not reflect
actual booked sales. --30--ac/sf*
CONTACT: Applied Computer Technology, Inc.
Allison Lococo, 800/747-4228
act.com |
