Business Editors/Education Writers
RESTON, Va.--(BUSINESS WIRE)--July 28, 2003
MAXIMUS (NYSE:MMS), a leading provider of program management, consulting, and information technology services for state and local government, announced today at the Association of Higher Education Facilities Officers (formerly the Association of Physical Plant Administrators, APPA) Educational Facilities Leadership Forum, the award of five new contracts to implement its FacilityFocus(TM) facilities and asset management software. The combined value of these contracts is $1.3 million.
The new contracts - awarded by the University of Oklahoma, Washington State University, Northern Alberta Institute of Technology, Tallahassee Community College, and the H. Lee Moffitt Cancer Center & Research Institute at the University of South Florida - further extends MAXIMUS installed base of FacilityFocus(TM) clients in higher education and increase the company's overall presence in the higher education market.
FacilityFocus(TM) from MAXIMUS allows organizations to improve, automate, and integrate all of their existing facilities management, asset management, and maintenance operations. Its powerful, integrated functionality embraces every aspect of the facilities manager's world, including operations and maintenance management (CMMS), major construction and renovation, space management and CAD integration (CAFM), and utility management and billing. FacilityFocus(TM) also integrates with leading Facility Condition Assessment (FCA) systems to support condition assessments, deferred maintenance programs, and master planning.
"These new contracts reflect our market penetration in higher ed --- an area where we firmly believe our FacilityFocus(TM) solution helps to increase productivity, lower operating expenses, and streamline operations by enabling organizations to more effectively manage and maintain their physical assets," said Dr. David V. Mastran, CEO of MAXIMUS.
MAXIMUS is one of America's leading government services companies devoted to providing program management, consulting and information technology services. The Company has more than 5,500 employees located in more than 300 offices in the United States, Canada, and Australia. In 1999, 2001, and 2002, MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.
Statements that are not historical facts, including statements about the Company's confidence and strategies and the Company's expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company's products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company's actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company's most recent Annual Report filed with the Securities and Exchange Commission (file number 001-12997).