ROCKVILLE, Md., Mar 10, 2011 (BUSINESS WIRE) --
Paradigm Holdings, Inc. (OTCBB: PDHO) ("Paradigm" or the
"Company"), a provider of comprehensive information technology and cyber
security solutions for Federal Government enterprises, announced today
that it has been awarded a Blanket Purchase Agreement (BPA) for a
DOD-wide Enterprise Software Agreement to provide Disaster Recovery
Software Solutions. This BPA is open to all Department of Defense (DOD)
Components, including the Office of the Secretary of Defense (OSD), the
Military Departments, the Chairman of the Joint Chiefs of Staff, the
Unified Combatant Commands, the Inspector General of the Department of
Defense (DOD IG), the Defense Agencies, the DOD Field Activities, the U.
S. Coast Guard, NATO, the Intelligence Community and FMS with a Letter
of Authorization. Although there is no guaranteed minimum value, under
this BPA, the Company may compete for delivery orders with an aggregate
value not to exceed $49 million over the life of the BPA.
Paradigm's Mission Resilience analysts will be available to assist in
all phases of the OpsPlanner(TM) implementation process or agency COOP/ITDR
planning and program management via this DOD-wide BPA. OpsPlanner is a
software tool that allows users to collaborate, create, plan, and manage
business recovery, crisis management, and automated emergency
notification plans over the Web. In addition to the software and
professional services, Paradigm will be able to provide support,
maintenance, and on-site training.
Anthony Verna, Paradigm Senior Vice President, stated, "Assuring the
readiness and resiliency of the DOD Enterprise Software infrastructure
is a core part of Paradigm's strategy. This DOD-wide BPA will provide
the contractual vehicle by which Paradigm can further exhibit this
commitment."
Peter B. LaMontagne, Paradigm President and CEO, commented, "We are
excited about our latest prime contract award and the opportunity to
safeguard yet another facet of the DOD mission. We are currently
supporting OpsPlanner deployments in other Federal agencies and we look
forward to bringing this experience to DOD customers."
Please visit the Company's website at www.paradigmsolutions.com
for additional information about the Company or this award or visit www.opsplanner.com
for information specifically about OpsPlanner(TM).
About Paradigm Holdings, Inc.
Paradigm Holdings, Inc., (www.paradigmsolutions.com)
is a provider of information technology (IT) and business solutions for
U.S. Federal Government enterprises. Paradigm specializes in
comprehensive information assurance solutions involving cyber security
and forensics as well as continuity of operations and disaster recovery
planning. The Company also provides systems engineering and IT
infrastructure support solutions. Headquartered in Rockville, Maryland,
the Company currently employs approximately 200 people.
Safe Harbor Statement
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended (the
"Securities Act") and Section 21E of the Securities Exchange Act of
1934, as amended, and is subject to the safe harbor created by those
sections. Paradigm assumes no obligation to update the information
contained in this press release. Future results for Paradigm may be
affected by its ability to continue to implement its government
technology solutions, its dependence on the federal government and state
and local governments and other federal government contractors as its
major customers, timely passage of components of the federal budget,
timely obligations of funding by the federal and state governments, its
dependence on procuring, pricing and performing short-term government
contracts, its dependence on hiring and retaining qualified
professionals, potential fluctuations in its quarterly operating
results, including seasonal impacts, its dependence on certain key
employees and its ability to timely and effectively integrate the
businesses it may acquire. For further information about forward-looking
statements and other Paradigm specific risks and uncertainties please
refer to recent SEC filings for Paradigm, which are available at www.sec.gov.
SOURCE: Paradigm Holdings, Inc.
Paradigm Solutions Corporation
Richard Sawchak, 240-283-3404
