ZMAX Announces Multiple Contractawards
GERMANTOWN, Md.--(BUSINESS WIRE)--Oct. 22, 1998--ZMAX CORPORATION (Nasdaq Small Cap: ZMAX - news) announced today that its wholly owned subsidiary, Century Services Incorporated (''CSI''), has been awarded contracts with the following companies and state agencies to provide information technology (''IT'') consulting and services work:
New Awards Additional Awards
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Columbia University State of New Jersey, Dept of Education SEI Investments State of New York,
Unified Court System
Michael C. Higgins, President and CEO of ZMAX, remarked: ''CSI continues to materially build and broaden its client base in all of its products and services. We are very pleased with the positive customer responses that we are receiving and the increasing name recognition that CSI is developing in the marketplace.
''This continued success, along with our proven and efficient products and people, stringent quality orientation, and commitment to customer satisfaction, is providing the fuel for our current and future growth.''
ZMAX is an IT consulting and re-engineering company presently focusing on system re-engineering and IT consulting services relating to Y2K analysis and remediation, system testing, project management, independent validation and verification of IT systems and processes, as well as other IT related services.
Statements made in this Press Release that are not historical or current facts are ''forward looking statements'' made pursuant to the safe harbor provisions of federal securities laws.
Forward looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risk and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected.
Such factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, and failure to capitalize upon access of new clientele.
Specific risks and uncertainties which may affect forward looking statements about the business and prospects include the possibility that a competitor will develop a more comprehensive or less expensive service or solution to the Company's services or products and delays in the market awareness of ZMAX and its product and service solutions.
These factors and others are discussed in the ''Management Discussion and Analysis'' section of ZMAX's Annual Report on Form 10-K for the fiscal year ended December 31, 1997, to which reference should be made.
ZMAX CORPORATION is quoted on the NASDAQ Small Cap exchange under the symbol of ''ZMAX'' and on the Frankfurt and Berlin Stock Exchanges under the symbol of ''ZMX
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