(COMTEX) B: LOCKHEED MARTIN AWARDS GLOBAL INTELLICOM EXTENSION FOR US
B: LOCKHEED MARTIN AWARDS GLOBAL INTELLICOM EXTENSION FOR US POSTAL CONTRACT
NEW YORK, Aug. 5 /PRNewswire/ -- Global Intellicom, Inc. (Nasdaq:
GBIT) announced today that its computer systems contract with Lockheed
Martin Federal Systems, Inc. (NYSE: LMT) has been increased by $3.9
million to $10.2 million.
Under terms of the original one-year contract, GBIT had initial orders
for 5,600 systems, which were to generate anticipated revenues of
approximately $6.3 million. Global Intellicom entered into the
contract with Lockheed to provide Pentium computer systems to support
the implementation of new delivery confirmation systems for the US
Postal Service.
As part of Lockheed's $218 million government contract, the new system
is being deployed in over 38,000 postal facilities nationwide by
year-end. It provides for 300,000 hand held scanner (called Mobile
Data Collection Devices), communications cradles, and office computer
systems. This program is a major initiative by the USPS to improve
package delivery capability and enhance customer service.
GBIT congratulates Lockheed Martin Federal Systems on their successful
implementation of the Mobile Data Collection Devices program for the US
Postal Service. GBIT welcomes the opportunity to continue to provide
high quality Pentium computer systems in support of this contract.
GBIT is proud of the role it has played ensuring the success of the
MDCD program.
"We are excited about the authorization to increase the number of units
to be delivered by 3,400. We are proud of the association we have had
with Lockheed Martin, and we look forward to a long lasting and
fruitful relationship in the years to come," commented David Mortman,
President of Global Intellicom, Inc.
Global Intellicom, Inc. is a system integration company with state of
the art network cabling and computer integration capabilities located
in New York City, Pittsburgh and Exton Pa., Indianapolis, IN, and the
Washington DC metro area. Global also functions as a value added
manufacturer and reseller of network services and PCs. Global holds
reseller licenses with such companies as Microsoft, IBM, SUN, NEC, NCR
Worldwide, Microsystems, Compaq and Hewlett-Packard. Its clients
include Lockheed Martin, The Department of Defense, EDS and the General
Services Administration. Through the aggregate use of Global's
resources, its mission is to be the information technology resource for
its customers and to offer a "Total System" solution at competitive
rates.
Except for the historical information contained herein, the matters set
forth in this press release are forward looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward looking statements are
subject to risks and uncertainties that may cause actual results to
differ materiality. These risks are detailed in the company's period
reports filed with the Securities & Exchange Commission. These forward
looking statements speak only as of the date hereof. The company
disclaims any intent or obligation to update these forward looking
statements.
SOURCE Global Intellicom, Inc.
-0- 08/05/98 /CONTACT: Johan de Muinck
Keizer of Global Intellicom, Inc., 212-750-3772, or fax, 212-750-2320;
or investor relations, Tom Raack of Liberty Capital Group, Inc.,
800-371-9117, or fax, 360-676-9493/
(GBIT LMT)
CO: Global Intellicom, Inc.; Lockheed Martin Federal Systems, Inc.
ST: New York IN: CPR SU: CON
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