MCLEAN, Va., March 29, 2011 /PRNewswire/ -- ATS Corporation ("ATSC" or the "Company") (NYSE Amex: ATSC), a leading information technology company that delivers innovative solutions to government and commercial organizations, today announced that it has been awarded a task order to support the U.S. Army Intelligence and Security Command (INSCOM) in their efforts to recruit highly qualified cyber security professionals. This $4.8 million task order, with a one-year base period and two 12-month option periods, is the first awarded under the U.S. Army's Indefinite Delivery, Indefinite Quantity (IDIQ) contract for human resources (HR) solutions and services in Recruiting and Retention (R&R).
"ATSC is pleased to have been entrusted with this opportunity to support the U.S. Army Intelligence and Security Command's requirements to recruit the best and brightest cyber security talent," said ATSC Co-Chief Executive Officer, John Hassoun. "We are delighted to have MBA Consulting Services, Inc. ("MBA CSi") as our subcontractor in carrying out this significant cyber security recruiting initiative."
"This award represents a new opportunity and customer for ATSC and positions our company for expanded offerings at INSCOM and within the national security market," said Co-Chief Executive Officer and Chief Financial Officer, Pamela A. Little. "Furthermore, as the first substantive task order under the Army HR Solutions contract awarded earlier this year, we are encouraged with our business development initiatives to expand our access and use of critical contract vehicles in support of our growth plans."
About ATS Corporation
ATSC is a leading provider of mission-critical support in areas of recurring and fundamental services to the public. ATSC's main technical competencies include software and systems development, IT infrastructure and cloud computing, information sharing and assurance, IT and business consulting, and systems integration to Federal civilian agencies and national security customers, as well as commercial enterprises. ATSC technology professionals are recognized for their deep domain expertise in case management; border and port security; and financial, supply chain management and health information systems. Headquartered in McLean, Virginia, the Company has approximately 500 employees at 5 locations across the country. Additional information about ATSC may be found at www.atsc.com.
About MBA Consulting Services, Inc.
MBA Consulting Services, Inc. ("MBA CSi") provides value-added services to an array of federal agencies, contractors, and commercial customers in three core areas: information technology solutions supporting the classified intelligence communities; workforce solutions in information technology, human resources, and engineering; integrated engineering solutions supporting portfolio lifecycle management by optimizing critical elements of an enterprise's capabilities such as people, processes, technology, physical assets and their impacts on investment. Additional information about MBA CSi may be found at www.mbacsi.com.
Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on February 17, 2011. In addition, the forward-looking statements included in this press release represent our views as of March 29, 2011. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to March 29, 2011.
SOURCE ATS Corporation