WFI Announces Over $9 Million in Previously Unannounced Government Contract Wins in First Quarter, 2005
SAN DIEGO, May 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Wireless Facilities, Inc. (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 the first quarter of 2005 with a potential value totaling just over $9 million, if all option periods are exercised. The awards span a range of federal customers.
"I am pleased with the amount and quality of contract wins we are experiencing," said Steven Roth, President of WFI's Government Services Division. "Although many of our projects fall under existing long term contracts, we continue to grow our existing work beyond the original plans and we continue to receive orders to continue and expand our work. This speaks highly of the quality of services we deliver and of the presence we have achieved in the federal sector."
A majority of the awards announced today involve engineering and technical services, feasibility studies, and communications projects with a variety of U.S. military agencies. In addition, Tactical Survey(TM) continues to be implemented as part of a larger security program by large facilities to assist first responders in crisis situations. Tactical Survey is a computer-based security tool developed jointly by WFI and its partner Tactical Survey Group.
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.
About WFI
Headquartered in San Diego, CA, WFI 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; slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company's services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company's effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; 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 filed on March 31, 2005 and in other filings made with the Securities and Exchange Commission.
Media Contact: Investor Contact: Michael Baehr Rochelle Bold VP of Communications Senior VP of Corporate Wireless Facilities, Inc. Development & Investor Relations 858.228.2799 Direct Wireless Facilities, Inc. michael.baehr@wfinet.com 858.228.2649 Direct rochelle.bold@wfinet.com
SOURCE Wireless Facilities, Inc.
Media, Michael Baehr, VP 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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