HALIFAX SIGNS NEW NATIONWIDE
MANAGED SERVICES CONTRACT
Potential Value Expected to Exceed $20 Million
ALEXANDRIA, VA – December 1, 2005 – Halifax
Corporation (AMEX:HX) today announced that it has been awarded a
new contract to provide nationwide managed services for a major
pharmaceutical industry account, with 12 campus locations and multiple
sales and support sites.
The initial value of the contract is estimated at $4.5 million
for the first year, with a potential value of more than $20 million
if the contract is extended for the full five year term. Under the
contract, Halifax will maintain the customer’s desktop computers
and peripheral devices, as well as provide desk side support and
other related services.
Charles McNew, president and chief executive officer, stated, "This
is a strategic win for us. The customer’s selection of Halifax
has clearly demonstrated their confidence in our ability to deliver
a first-class service package.”
He added, “New business opportunities are beginning to emerge
once again in the enterprise maintenance solutions marketplace.
We believe that our relationships with prestigious partners will
allow us to extend our position in existing and new vertical markets.”
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.
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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