Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Allen-Vanguard Corp (TSE: VRS, ADR: ALNVF) -- Ignore unavailable to you. Want to Upgrade?

To: Max Fletcher who wrote (72)	10/17/2008 12:04:52 AM
From: caly	Read Replies (2) \| Respond to of 115

Would be nice to see this one come back from the dead. Allen-Vanguard receives contract award for specialized training to U.S. Department of Defense Thursday October 16, 8:49 pm ET - Multi-year program value estimated at $100 million - Contract value for fiscal 2009 $18 million - Program transitions from proof of concept to 5 year Program of Record OTTAWA, Oct. 16 /CNW Telbec/ - Allen-Vanguard Corporation (TSX: VRS - News; "Allen-Vanguard" or the "Company") of Ottawa, Canada today announced that it has received a contract award to provide specialized training to the U.S. Department of Defense (DoD). The contract awarded today is for training to be delivered in fiscal 2009 at a value of approximately $18 million under a program that has been established as a Program of Record (POR) expected to continue through fiscal 2013. The total value of the program over the full five-year period including fiscal 2009 is estimated at approximately $100 million. All amounts are in Canadian dollars unless otherwise stated. "Allen-Vanguard was instrumental in innovating this specialized training program and has been the incumbent since inception," said David E. Luxton, President and CEO. "We are very pleased to now see it expand from proof of concept to a Program of Record, and proud to be supporting the efforts of the U.S. warfighter." No further details were released due to the classified nature of the program Allen Vanguard