Through the contract, TechTeam will both continue and expand its work for the DLA in the areas of acquisition policy and compliance, life cycle cost and funding, life cycle documentation, and program management. EBS will enable DLA to provide supplies faster, more efficiently and at a lower cost. DLA managers will now have real-time access to data, which will help the agency reduce backorders, reduce inventory investment, and align with the Department of Defense's strategic goals and objectives.
The NewVectors division has worked with DLA for more than a decade, most
notably supporting the agency's Business System Modernization (BSM) program,
which allowed DLA to retire its legacy Standard Automated Materials Management
System. The BSM Program achieved full operational capability in
"This contract represents a total modernization of the way the material
management mission is being accomplished," said
About TechTeam Government Solutions, Inc.
TechTeam Government Solutions, Inc., a wholly-owned subsidiary of TechTeam
Global, Inc., is based in
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.
TechTeam Government Boscobel Marketing Boscobel Marketing Solutions, Inc. Communications Communications Damon Scott Jessica Klenk Michael Rudd (703) 956-8160 (301) 588-2900 (301) 588-2900 damon.scott@techteam.com Ext. 121 Ext. 115 jklenk@boscobel.com mrudd@boscobel.com
SOURCE TechTeam Global, Inc.