CHANTILLY, Va., Oct. 13 /PRNewswire-FirstCall/ -- TechTeam Government
Solutions, Inc., a wholly-owned subsidiary of TechTeam Global, Inc. (Nasdaq:
TEAM), a provider of information technology (IT) services to government and
Fortune 1000 customers, announced today that it will build three new portals
for the United States Department of Agriculture (USDA) Agricultural Marketing
Service (AMS). This award falls under a five-year agreement issued by AMS in
December of 2005.
The $1.8 million in contracts are for the design and development of AMS
Poultry Market News, Dairy Market News and Cotton Market News portals. This
work comes on the heels of TechTeam's requirements analysis and design and
costing of the three new portals, which was awarded in July 2007. Prior to
this contract award, TechTeam built portals for Fruit & Vegetable and
Livestock & Grain Market News.
The Market News portals provide current and historic pricing and movement
information for individual agricultural commodities, news releases and
currency conversion tools; plus National Oceanic & Atmospheric Administration
agricultural weather information. It's estimated that 3,000 USDA customers
access the Market News on a daily basis to get the latest reports and market
information.
"USDA relies on Market News portals to provide timely and accurate
information to its customers," said David Kriegman, president of TechTeam
Government Solutions. "TechTeam understands the importance of this mission,
and we'll continue to provide world-class quality service to meet this
critical need."
About TechTeam Government Solutions, Inc.
TechTeam Government Solutions, Inc., a wholly-owned subsidiary of TechTeam
Global, Inc., is based in Chantilly, Virginia. The company collaborates with
federal, state and local governments to provide comprehensive IT lifecycle
support in the areas of infrastructure, information assurance, managed
services and application services. For information about TechTeam Government
Solutions, Inc., please call 800 275-1177 or visit
www.techteam.com/governmentsolutions.
About TechTeam Global, Inc.
TechTeam Global, Inc. is a worldwide provider of information technology,
enterprise support and business process outsourcing services to Fortune 1000
corporations, multinational companies, product providers, small and
medium-sized companies, and government entities. TechTeam's ability to
integrate computer services into a flexible, ITIL-based solution is a key
element of its strategy. Partnerships with some of the world's
"best-in-class" corporations provide TechTeam with unique expertise and
experience in providing information technology support solutions. For
information about TechTeam Global, Inc. and its services, call 800-522-4451 or
visit our Web sites at www.techteam.com and www.techteam.eu. TechTeam's
common stock is traded on the NASDAQ Global Market under the symbol "TEAM."
Safe Harbor Statement
The statements contained in this press release that are not purely
historical, including statements regarding the Company's expectations, hopes,
beliefs, intentions, or strategies regarding the future, are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements regarding, among other things,
the Company's performance going forward. Forward-looking statements may be
identified by words including, but not limited to, "anticipates," "believes,"
"intends," "estimates," "promises," "expects," "should," "conditioned upon,"
and similar expressions. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those projected in the forward-looking statements as a result of various
factors. Such factors include, but are not limited to, delays in the
implementation of the business; changes in the customer's business or
requirements thereof; difficulties in obtaining the customer's knowledge,
procedures, or authorizations; and difficulties in providing the service
solutions for the customer. All forward-looking statements included in this
press release are based on information available to the Company on the date
hereof, and the Company assumes no obligation to update any such
forward-looking statements. Prospective investors should also review the
Company's Reports on Forms 8-K, 10-Q, and 10-K filed with the United States
Securities and Exchange Commission, including Management's Discussion and
Analysis of Financial Condition and Results of Operations, and the risks
described therein from time to time.
Contacts:
TechTeam Government Solutions, Inc.
Gary Mears
(703) 481-7398
gary.mears@techteam.com
Boscobel Marketing Communications
Jessica Klenk
(301) 588-2900 Ext. 121
jklenk@boscobel.com
Boscobel Marketing Communications
Michael Rudd
(301) 588-2900 Ext. 115
mrudd@boscobel.com
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