Halifax Awarded Kiosk Vending Machine Contract Valued at $2 Million
Alexandria, VA – February 25, 2008 – Halifax Corporation (AMEX:HX) today
announced that it has signed a nationwide maintenance and support services contract with a national kiosk vending machine company. The contract has an initial term of two years and is expected to generate annual revenues in excess of $1 million.
Charles McNew, president and chief executive officer, stated, “We have diligently pursued this new customer and new market and we are enthusiastic regarding our ability to differentiate our nationwide support capabilities.
Halifax has made significant investments in proprietary tool sets which have generated enhancements to our back office service delivery model and our logistics services platform. These investments have enabled us to continue broadening the skill sets offered by our talented nationwide field force and also have facilitated the development of a new suite of logistics services.
Certain niches of the enterprise maintenance solutions marketplace along with our rapidly evolving enterprise logistics solutions capabilities are continuing to afford our company some interesting upside opportunities and we are aggressively pursuing several additional multi-year transactions.”
Founded in 1967, Halifax Corporation is an enterprise logistics and maintenance solutions company providing a wide range of technology services to commercial and government customers throughout the United States. The Company’s principal products are enterprise logistics solutions and high availability hardware maintenance services. More information on Halifax can be found at www.hxcorp.com.
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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