The Evermedia Group, Inc. Subsidiary Performs Military Training Contract at Fort Leonard Wood
BOSTON, Jan. 10, 2012 /PRNewswire/ -- The Evermedia Group, Inc. (Pinksheets: EVRM) subsidiary, System Technology Solutions, Inc. (STS), announced today performance under subcontract to Piton Science and Technology, serving the Maneuver Support Center of Excellence (MSCOE) at Fort Leonard Wood, Missouri. This contract will generate $80,000.00 in revenue according to current task orders.
Commenting on this work, STS President Richard Weitzel said: "although representing a relatively small portion of our revenues, moving forward, we fully expect to augment our position on this contract. Piton won four task orders to date, and we're very confident to win at least two more. With the Piton subcontract, we can confidently assume revenues of $3M by this time next year."
STS personnel will focus on field manual development. This includes revisions to or writing new doctrine and training manuals. Specifically, training will be directed toward soldiers in the field including squad leaders, platoon leaders, and company commanders. This education will focus on averting Improvised Explosive Devices (IEDs) in the field.
Regarding the nature of this work, Jonathan Sym, Chief Executive Officer of The Evermedia Group, Inc. noted, "Both Service Disabled Veteran Owned Small Businesses, I believe STS and Piton fully grasp the importance of these training activities more so than other potential consultants. We're very proud to assist Piton with this project."
About Piton Science & Technology
Piton Science & Technology is a Service Disabled Veteran Owned Small Business (SDVOSB) providing strategic consulting, technology services and business process outsourcing to leading government and DoD agencies. Our name depicts the delivery and implementation of business solutions that move organizations above their peers and competitors.
About The Evermedia Group, Inc.
The Evermedia Group, Inc. is a Service Disabled, Veteran Owned Small Business (SDVOSB) providing defense and security solutions to government agencies and private entities. Evermedia Group's wholly-owned operating subsidiaries include defense contractor System Technology Solutions, Inc. and biometric technology developer Evermedia Biometrics Corporation. Follow Evermedia on Facebook (facebook.com/Evermedia) and Twitter (twitter.com/evermediagroup).
For more information about The Evermedia Group please contact:
Briggs Smith
The Olibri Group
Tel: 813.438.5225
Email: [email protected]
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This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of The Evermedia Group, Inc. and its subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of growth strategies, transformation initiatives and restructuring plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by Evermedia's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by Evermedia and its customers, suppliers and partners; the protection of Evermedia's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in Evermedia's Alternative Reporting Standard disclosure on www.otcmarkets.com. Evermedia assumes no obligation and does not intend to update these forward-looking statements.
© 2012 The Evermedia Group, Inc. The information contained herein is subject to change without notice. Evermedia shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE The Evermedia Group, Inc.
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