ELON will definately break 25 today(I think/hope).
ZMAX--nice release today:
------------------------------------------------------------Thursday January 6, 10:23 am Eastern Time
Company Press Release
WidePoint Announces Strategic Alliance with
Forsythe Solutions Group
Company to Offer e-Business Consulting Services to Forsythe's Base Of 1,200 Customers
GERMANTOWN, Md.--(BUSINESS WIRE)--Jan. 6, 2000--WidePoint (NASDAQ: ZMAX - news) today announced
that it has signed a strategic alliance agreement with Forsythe Solutions Group to provide integrated, high-end e-solutions.
With 6,000 locations throughout the United States and estimated 1999 revenues of $550 million, Forsythe has more than
1,200 customers, one-fourth of which are Fortune 1000 companies.
Under the agreement, Forsythe and WidePoint will partner to provide ``one-stop shopping' e-solutions that combine
WidePoint's e-development expertise with Forsythe's e-commerce infrastructure capabilities and financing packages.
Michael C. Higgins, WidePoint's president and chief executive officer, explains that this is WidePoint's first strategic alliance
and ``represents a major step in our Company's evolution. We've completed two successful acquisitions, and are augmenting
our acquisition strategy with an aggressive plan to build alliances and business relationships with companies like Forsythe, that
will broaden our offerings and geographic reach.'
``WidePoint is an important addition to Forsythe's existing e-business alliances,' notes Forsythe Solutions Group President
Eva Losacco. ``Forsythe's strength is e-commerce infrastructure, including system performance and capacity planning,
network services, hardware supply and configuration, and technology financing. WidePoint focuses on providing consulting
services in e-solutions development and implementation, Enterprise Resource Planning (ERP), and Enterprise Application
Integration (EAI). The synergy between our respective areas of expertise will enable us to address our customers' e-business
needs in a comprehensive, integrated fashion from step one.'
``While WidePoint is very good at pushing the limits of technology, rather than focusing on the technology per se, we use
technology as a vehicle to help our clients achieve their business goals. Therefore, we are very excited to be working with a
partner such as Forsythe that also focuses on how the solution will improve the customer's business results, not merely their
technology,' says WidePoint vice president Frank Schultz.
Mike Coffield, Forsythe manager of business development, says, ``The new relationship between Forsythe and WidePoint
represents the combined capabilities of a broad range of IT innovators. WidePoint works closely with important middleware
and software manufacturers, while Forsythe has long-standing alliances with key hardware manufacturers and service
providers. As more of our customers seek to increase their business return on their technology investment through e-solutions,
we will continue to expand our ability to provide the solutions they need. Our alliance with WidePoint is an exciting
opportunity to accomplish this.'
Forsythe Solutions Group is a total IT infrastructure provider offering solutions designed to accelerate return on technology
investments. In addition to its relationship with Cisco, Forsythe maintains vendor relationships with Citrix, Compaq (including
digital products and services), EMC, Fujitsu, Hewlett-Packard, IBM, Storagetek, Sun Microsystems and others.
The company also provides technology financing options through Forsythe McArthur, one of the nation's leading independent
technology lessors.
Headquartered in Germantown, Maryland, WidePoint Corporation is a wholly owned subsidiary of ZMAX Corporation.
WidePoint focuses on providing consulting services in e-solutions development and implementation, Enterprise Resource
Planning (ERP), and Enterprise Application Integration (EAI). The Company has approximately 200 employees working from
five regional offices.
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 risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or
projected.
These factors and others are discussed in the ``Management's Discussion and Analysis' section of ZMAX's Annual Report on
Form 10-K for the fiscal year ended December 31, 1998, to which reference should be made.
Contact:
WidePoint
by
Investor Communications Co.
Michael Savage
800/416-0811 or 800/547-0443
iccinfo.com
More Quotes and News:
ZMAX Corp (NasdaqSC:ZMAX - news)
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