WFI Announces Over $10 Million in Previously Unannounced Government Contract Wins
SAN DIEGO, Feb 02, 2005 /PRNewswire-FirstCall via COMTEX/ -- WFI (Nasdaq: WFII), a global leader in the design, deployment, and management of wireless communication networks, technology networks, and security systems, announced today that its Government Services division has signed a number of previously unannounced contracts during fourth quarter of 2004 valued at just over $10 million, if all option periods are exercised.
"We continue to make significant progress in growing our government business," commented Eric DeMarco, President and CEO of WFI. "We have enhanced our relationships across several key agencies within the Department of Defense, and we are continuing to build our reputation in the government market. I expect this area of our business to continue to be a growth driver for WFI in 2005."
A majority of the agreements announced today are with the U.S. Department of Defense (DoD). Under the most significant award, WFI will continue to provide systems mission assurance, independent engineering validation and verification for mission systems software and requirement analysis services for DoD's missile defense program.
WFI's Government Services division is a wholly-owned subsidiary of the Company, with offices and project locations throughout the United States. Areas of expertise include technical resources consulting, logistics and RFID solutions, homeland security and public safety applications and integrated network services.
"As the federal government continues to invest in new network technologies, we believe that the market for planning, design, and systems integration services will continue to grow," said Steven Roth, President of WFI's Government Services Division. "These awards represent important steps in strengthening our presence in the federal sector, and we are pleased to be able to apply our services expertise to such significant projects."
About Wireless Facilities
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com. (code: WFI-mb)
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, expressed or implied statements concerning the Company's expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: changes in the scope or timing of the Company's projects; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K/A filed on September 20, 2004 and in other filings made with the Securities and Exchange Commission.
Media Contact: Michael Baehr Director of Communications Wireless Facilities, Inc. 858.228.2799 Direct michael.baehr@wfinet.com Investor Contact: Rochelle Bold Senior VP of Corporate Development & Investor Relations Wireless Facilities, Inc. 858.228.2649 Direct rochelle.bold@wfinet.com
SOURCE Wireless Facilities, Inc.
Media, Michael Baehr, Director of Communications, +1-858-228-2799, michael.baehr@wfinet.com, or Investors, Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, bot of Wireless Facilities, Inc.
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