To: carlos jeanpierre who wrote (405 ) 9/11/1998 11:25:00 AM From: Investor Communications Co Respond to of 732
ZMAX Corp. Announces Multiple Contract Awards with Lockheed GERMANTOWN, Md.--(BUSINESS WIRE)--Sept. 11, 1998--ZMAX CORP. (Nasdaq Small Cap: ZMAX - news) announced Friday that its wholly owned subsidiary, Century Services Inc. (CSI), has recently been awarded new or additional contracts with the following companies and state agencies to provide Year 2000 (Y2K) consulting and services work: New Awards - First National Bank of Maryland (NYSE:AIB - news) Alliance Capital, LLP (NYSE:AC - news) State of New Jersey, Department of Education Additional Awards - Lockheed Martin Mission Systems (NYSE: LMT - news) - State Compensation Insurance Fund of California Michael C. Higgins, President and CEO, remarked, ''CSI's continued success is based on the Company's proven and efficient products and people, stringent quality orientation, and commitment to customer satisfaction. Our customer base continues to grow as we strive to strategically position the Company as an international IT services company well into the 21st century.'' ZMAX Corp. is an Information Technology (IT) consulting and re-engineering company focusing on services relating to Y2K analysis and remediation, system testing, project management, 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 the Company's Annual Report on Form 10K for the fiscal year ended December 31, 1997, to which reference should be made. ZMAX CORP. 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'' -------------------------------------------------------------------------------- Contact: For Investor Information: Investor Communications Co., 800/416-0811 or 800/547-0443 visit iccinfo.com --------------------------------------------------------------------------------