HALIFAX AWARDED $2 MILLION ENTERPRISE MAINTENANCE
CONTRACT
ALEXANDRIA, VA -- January 7, 2002 -- Halifax Corporation (AMEX:HX)
today announced that it had been awarded a three-year enterprise
maintenance
contract valued at $2 million. The Company will provide maintenance
services for check-clearing equipment and printers for a West Coast
based financial services company with over 375 locations.
Charles McNew, president and chief executive officer, stated, "Our
national base of customers and our backlog of over $70 million
continues
to expand. The Company's growing reputation for reliable, 7 x 24
delivery in the enterprise maintenance marketplace is accelerating
both the
scale and the complexity of opportunities now being pursued."
He added, "The multi-vendor maintenance services marketplace
is growing at a healthy rate. With the Halifax team well positioned
as a national player, we believe we are on track for continued
future
growth and ongoing enhancement of shareholder value."
Founded in 1967, Halifax Corporation provides a wide range of information
technology services to commercial and government customers throughout
the United States. The Company's principal products are Seat Management,
Enterprise Maintenance Solutions, Network Security Solutions, e-Business/e-Government
Development and Communication Services.
For investor relations information, contact Qorvis Communications:
Karen Vahouny (703) 744-7809 or kvahouny@qorvis.com
Certain statements made by the Company which are not historical
facts may be considered forward-looking statements, including, without limitation,
statements as to trends, management's beliefs, expectations and opinions, which
are based upon a number of assumptions concerning future conditions that ultimately
may prove to be inaccurate. Such forward-looking statements are subject to risks
and uncertainties and may be affected by various factors that may cause actual
results to differ materially from those in the forward-looking statements. For
further information that could affect the Company's financial statements, please
refer to the Company's reports filed with the Securities and Exchange Commission.
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