GREY:CCZFF - Post by User
Post by
culzeanon Apr 02, 2007 8:35am
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Post# 12529694
Contract News
Contract NewsCriticalControl awarded renewal of multi-million dollar contract with major government client
CALGARY, April 2 /CNW/ - CriticalControl Solutions Corp., (TSX-V:CCZ)
today announced that its wholly-owned subsidiary CriticalControl Solutions
Inc. has been awarded a renewed three-year contract for an expanded set of
imaging, analysis and information control services (the "Services") with a
Canadian Provincial Government (or the "Client"). Based on current volumes,
the contract is expected to generate revenues in excess of $2 million annually
for the initial three year term and allows the Client to extend the contract
up to three successive, two year periods. Given the expanded services covered
by the agreement, Management expects the value of the contract to grow in size
each year.
"This contract renewal is a further demonstration of our leadership in
providing critical information control services and our solid long-term
working relationship with this Client," said Alykhan Mamdani, President of
CriticalControl. "The new contract, which allows all of the Client's
Ministries to access our services without the process of a tender, has been
expanded in scope from the original and will provide the foundation for the
organic growth of our business with the Client for the next 3 years."
The contract expands on the current contract by allowing CriticalControl
to provide imaging, analysis and information control services from within
Government property and also enables CriticalControl to provide image hosting
and electronic retrieval services. The scope of Services has also been
broadened to include professional services consulting for Enterprise Content
Management solutions.
About CriticalControl:
CriticalControl is a technology company that builds, implements and
manages critical business process solutions. Our proprietary products are data
management tools to operate the critical business operations of our government
and energy sector clients. In addition to our proprietary products, we
implement large-scale document and records management solutions using our
strong domain expertise and in depth knowledge of our customer base. Where
critical processes require unconditional continuity, our clients look to us to
manage and perform certain operational functions on a short term or long term,
outsourced basis. For more information please visit www.criticalcontrol.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.