ANHAM FZCO, LLC Completes Transition to Prime Vendor

WASHINGTON, Dec. 13, 2010 /PRNewswire/ -- On November 16, 2010, ANHAM FZCO, LLC became fully responsible for the Prime Vendor contract with the U.S. Government, providing full-line food and non-food distribution and support services in Kuwait and Iraq. This marks the end of the seven-month transition from the previous vendor, as outlined in the original contract awarded in April 2010, in which ANHAM became the Prime Vendor for the contract.

The contract requires ANHAM to provide a range of food products – from fresh fruits and vegetables to Meals Ready to Eat (MRE's) and other operational rations. The contract is estimated at a total aggregate dollar value of $2.16 billion, including options if exercised, with a maximum contract dollar value of $6.47 billion. The initial contract period is 18 months, with options to renew the contract up to six years.

"Serving as the Prime Vendor provides us with the opportunity to build on our track record of performing beyond our clients' expectations," said David Braus, managing director of ANHAM.  "We have a long history of conducting large scale, successful operations in the most demanding conditions around the world – consistently on time and within budget."

"ANHAM will streamline our services by working with partner companies that are best suited to meet the needs of the contract. These will include our more than 100 local partners in Kuwait and Iraq," Braus added.

This announcement comes after a pair of news reports have mistakenly claimed that the transition was no longer continuing as planned.  As has been true since November 16, 2010, ANHAM is fully responsible for the contract and will continue to meet the needs of the United States government.

About ANHAM FZCO, LLC

ANHAM, LLC (www.anham.com) is a leading contracting firm working throughout the Middle East and North Africa ("MENA"), Central Asia, and Europe. With more than a century's worth of experience between its principal founding companies, ANHAM is able to efficiently, effectively, and affordably deliver products and services throughout the world. Headquartered in Dubai, UAE, ANHAM has international offices that specialize in providing local support and services to its initiatives, projects, and investments across diverse regions of the globe.

SOURCE ANHAM, LLC