ACTI...here's the news that jump started the stock today <inside>
Applied Computer Technology Awarded U.S. Air Force Academy for
Fourth Consecutive Year
PR Newswire - May 04, 1998 16:55
ACTI %CPR %ARO %CON V%PRN P%PRN
FORT COLLINS, Colo., May 4 /PRNewswire/ -- Applied Computer Technology, Inc. (Nasdaq: ACTI), a systems integrator
and manufacturer of complete, customized computer systems, announced today that it has been awarded the annual contract to
provide computers to the incoming freshman at the United States Air Force Academy located in Colorado Springs, Colorado.
The Contract, which is worth approximately $2.5 million dollars, will provide 1200 computers to the Academy's incoming
freshman class this August. This is the fourth consecutive year that Applied Computer Technology has been chosen to provide
computers to the incoming class and will be the first time that all 4 classes will be represented by one vendor.
In responding to the award, Bud Prentice, President & CEO of Applied Computer Technology said, "We are extremely
pleased to once again have the opportunity to provide computers to the U.S. Air Force Academy and to the incoming cadets.
We believe that renewal of this contract and others like it confirms our reputation as a leading provider of systems and solutions
for our nation's distinguished military and government institutions. It is our belief that Applied Computer Technology's proven
commitment to quality, technical excellence and customer service has differentiated us in this lucrative and competitive market.
The Air Force has been a very good client in past years as well as a good referral, and we are delighted to be extending our
business relationship with this distinguished institution for yet another year."
Prentice continued, "With our strong on-site presence and an installed base of nearly 5,000 PCs, Applied Computer
Technology is now looking at additional opportunities to provide computer systems and services to this valued client. We are
optimistic about future synergies between A.C.T. and the Air Force Academy which would enable us to better serve the
Academy and increase revenues."
Applied Computer Technology, Inc. is a high-quality provider of custom personal computers and related systems and
integration services to state and federal agencies and institutions. The company manufactures PC under its own brand name as
well as provides network and office connectivity services, maintenance, training and Internet connectivity.
Safe Harbor Statement: This press release contains a discussion of Management's assessment of additional business
opportunities which exist as the result of the award of this contract. This discussion is based upon Management's informed
assessment, but there can be no assurance that the Company will be successful in expanding its business at the Academy
beyond the business actually contracted.
LouieD |
