ANDOVER, Mass., Sept. 3 MA-Dynamics-Research
ANDOVER, Mass., Sept. 3 /PRNewswire-FirstCall/ -- Dynamics Research
Corporation (Nasdaq: DRCO), a leading provider of innovative engineering,
technology and information technology services and solutions to federal and
state governments, today announced that it has been competitively awarded an
integration master services contract through the State of Colorado's
Department of Revenue (DOR). Under the terms of the new contract, DRC will
support integration needs for the Colorado Integrated Tax Architecture
Project, helping the Department create a common infrastructure, which will
improve support, increase efficiency and reduce costs for the agency and its
diverse user groups. The task order contract has a ceiling value of $3.7
million with a base period through June 2010 and three additional option
years.
"DRC has had a close and successful partnership with the State of
Colorado's Department of Human Services for nearly twelve years. During that
time, we have consistently delivered state-of-art integration solutions to
help the State deliver better services to its citizens while effectively
managing costs," said Jim Regan, DRC's chairman and chief executive officer.
"This new contract allows both DRC and the State to leverage this longstanding
success in support of another State agency and critical IT project with
similar integration needs."
About Dynamics Research Corporation
Dynamics Research Corporation provides mission-critical technology
management solutions and services for government programs. DRC offers the
capabilities of a large company and the responsiveness of a small company,
backed by a history of excellence and customer satisfaction. Founded in 1955,
DRC is a publicly held corporation and maintains more than 25 offices
nationwide with major offices in Andover, Massachusetts; Reston, Virginia; and
Fairborn, Ohio. For more information please visit our website at
http://www.drc.com.
Safe harbor statements under the Private Securities Litigation Reform Act
of 1995: Some statements contained or implied in this news release, may be
considered forward-looking statements, which by their nature are uncertain.
Consequently, actual results could materially differ. For more detailed
information concerning how risks and uncertainties could affect the company's
financial results, please refer to DRC's most recent filings with the SEC. The
company assumes no obligation to update any forward-looking information.
CONTACTS: Investors: Dave Keleher
SVP and Chief Financial Officer
978.289.1615
dkeleher@drc.com
Media: Marisa Hagerman
Sage Communications (for DRC)
703.584.5637
marisah@aboutsage.com
SOURCE Dynamics Research Corporation
