ZMAX Corporation Wins Material Y2K Consulting & Compliance Award From
Westchester County Health Care Corporation
GERMANTOWN, MD. (Nov. 4) BUSINESS WIRE -Nov. 4, 1998--ZMAX Corporation
(Nasdaq Small Cap: ZMAX) announced today that its wholly owned
subsidiary Century Services Incorporated ("CSI") has been awarded and
signed a contract with Westchester County Health Care Corporation
("Westchester") in the state of New York to provide Year 2000 (Y2K)
consulting and compliance services for all of Westchester's operations,
including medical devices, physical plant, facilities equipment, and
computer systems.
CSI will provide these services in partnership with Tava Technologies,
Inc., NASDAQ: TAVA ("Tava") and BioMed y2k, a division of Colorado
Medtech, Inc., NASDAQ: CMED ("BioMed").
Michael C. Higgins, President and CEO of ZMAX, remarked, "CSI looks
forward to working with yet another major health care company. Our
partnership with Tava and BioMed further adds another component to
CSI's growing arsenal of services to provide our clients with the best
expertise and solutions available. This contract award is further
validation of CSI's demonstrated ability to effectively manage large
complex tasks."
Westchester County Health Care Corporation is a public benefit
corporation that operates the Westchester Medical Center, which is
comprised of the following institutions throughout the state of New
York: University Hospital at Westchester, Taylor Care Center at
Westchester, Behavior Health Center at Westchester, Westchester
Institute for Human Development, Children's Hospital, Zalmen A. Arlin
Cancer Institute, George E. Reed Heart Center, Enrico Longo Burn
Center, Trauma Center, Transplant Center, Neuroscience Center, and STAT
Flight Medevac Program.
ZMAX is an Information Technology (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 ZMAX'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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