HALIFAX SIGNS NEW NATIONWIDE
MAINTENANCE SERVICES CONTRACT FOR $6.7 MILLION
Total Potential Value Expected to Exceed
$20 Million
ALEXANDRIA, VA – September 21, 2004 – Halifax Corporation
(AMEX-HX) today announced that it has been awarded a new contract
to provide nationwide computer maintenance service and support for
a consumer products retail chain with over 5,000 locations. The
initial value of the contract, which runs through December 2005,
is $6.7 million, with the potential value estimated at more than
$20 million if the client extends the contract through 2008.
Charles McNew, president and chief executive officer, stated, “This
is a major win for Halifax, solidifying our position as a prominent
player in the Point Of Sale maintenance and support marketplace.
“Our partner model and our focus on delivery of creative
and cost-effective enterprise maintenance solutions are creating
a valuable stream of long-term business,” he said. “During
the past month, we have announced long-term bookings of nearly $50
million, and the sales team is continuing to develop additional
large-scale opportunities.”
He added, “We are pleased to be announcing such positive
news and we will continue to diligently pursue future growth and
enhanced shareholder value.”
Founded in 1967, Halifax Corporation is an enterprise 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 high availability hardware
maintenance services, technology deployment and integration services,
and secure network program 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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