DALLAS - (Business Wire) Residents of Galveston County, Texas, who are still rebuilding from Hurricane Ike now have the opportunity for additional financial help through a federal grant program. The county has selected Affiliated Computer Services (NYSE:ACS) to administer the relief program under a two-year contract. The program will award grants to fund repair, replacement and relocation for homes and rental property damaged from Hurricane Ike. The storm hit Galveston County in September 2008 as the third-most destructive hurricane ever in the United States, washing away 3,600 structures and causing billions of dollars in damage.
The relief program is funded by a $99 million Community Development Block Grant (CDBG) from the U.S. Department of Housing and Urban Development.
“It is critical for our residents to receive the help they need as quickly as possible,” said Galveston County Judge Jim Yarbrough. “ACS and the team they have assembled will ensure these funds are distributed for the maximum benefit of our community.”
This partnership with Galveston County further establishes ACS in the field of disaster recovery and leverages the company’s expertise and innovation. ACS also administers a $222 million federal grant program for the Texas Department of Housing and Community Affairs to repair or rebuild homes damaged by Hurricane Rita.
“ACS solutions are proven through the country’s most demanding disasters, and are tailored and scalable to help governments quickly assist citizens,” said Joseph Doherty, executive vice president and group president of ACS Government Solutions Group. “We will quickly meet the needs of Galveston County to help citizens get their lives back to normal.”
As the largest provider of business process solutions and one of the largest information technology service providers to the nation’s public sector, ACS serves as an operational partner to more than 1,700 government agencies on the federal, state, county and local level.
The work of ACS touches millions of people every day. ACS processes more than half of the nation’s child support payments; manages 24 electronic payment card programs for state and federal clients, disbursing government payments and benefits; processes nearly 570 million Medicaid claims each year totaling more than $50 billion in provider payments; saves state child care programs millions of dollars; services student loans for more than 11 million borrowers; and facilitates more than 75 million online searches for unclaimed property per year.
About ACS
ACS, a global FORTUNE 500 company with approximately 76,000 people supporting client operations reaching more than 100 countries, provides business process and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS.” Learn more about ACS at www.acs-inc.com.
The statements in this news release that do not directly relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company’s control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company’s prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Affiliated Computer Services, Inc.
Investor Relations Contact
Jon Puckett, 214-841-8281
Vice President
Investor Relations
jon.puckett@acs-inc.com
or
Media Contact
Ken Ericson, 202-378-2692
Director
Corporate Communications
ken.ericson@acs-inc.com
