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Technology Stocks : Zmax (ZMAX)/New Year 2000 play -- Ignore unavailable to you. Want to Upgrade?

To: Lee N who wrote (332)	4/29/1999 9:49:00 AM
From: Investor Communications Co	Respond to of 370

ZMAX CORPORATION Wins Five E-business Contracts Company Announces Plans to Expand Internet Development Business GERMANTOWN, Md.--(BUSINESS WIRE)--April 29, 1999-- ZMAX CORPORATION (Nasdaq Small Cap:ZMAX - news) today announced that it has been awarded five new e-business contracts worth a total of $500,000. The potential value of these contracts, including follow-on development services, is over $1 million. Under the contracts, ZMAX's wholly owned subsidiary, Eclipse Information Systems, will provide internet- and intranet-based web solutions. According to Michael C. Higgins, president and chief executive officer of ZMAX, ''We plan to capitalize on the fact that more and more of our customers are adding web-based applications to support their business needs, and we have targeted e-business services as a key element of our growth strategy. We plan to aggressively market these services not only to existing customers but to new ones as well.'' The company's Chicago office will manage two of the new projects--a full-scale intranet-based automated dispatching solution for a large heating, ventilation and air conditioning (HVAC) service/sales company, and an internet solution for a direct sales organization that will allow its remote sales force and customers to place orders and perform on-line inquiries. ZMAX's new Detroit office will develop a secure internet-based application to help streamline administrative functions for patient management within the medical industry. Additionally, under a second contract, this office will manage an internet development project for a job placement service. Under the first phase of this project, the company has developed a new web site (www.rjobs.com) to recruit students and other job-seekers to apply for restaurant positions; the second phase of the contract will allow applicants to submit their resumes directly to employers. The fifth contract, a business-to-consumer e-commerce application for a Cleveland manufacturing organization, will be developed by the Company's Cleveland office. ''We believe that internet application development will be a growing part of our IT consulting portfolio,'' notes Frank Schultz, president of Eclipse Information Systems and ZMAX vice president. ''More and more companies like these are partnering with Eclipse because of our focus towards providing powerful and innovative enterprise web solutions in order to solve current and future business needs. Our goal is to be a premier provider of enterprise web development solutions.'' Headquartered in Germantown, Maryland, ZMAX Corporation is an information technology consulting firm. The company's IT services include enterprise resource planning implementation, client server development, e-business, and Year 2000 software and 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 risks 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 strong 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 projects and delays in the market awareness of ZMAX and its project 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, 1998, 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'' -------------------------------------------------------------------------------- Contact: Investor Communications Co. For Investor Information, 800/416-0811 or 800/547-0443 www.iccinfo.com or The Poretz Group Karen Vahouny, 703/506-1778 x224