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Criticalcontrol Sltns Cp CCZFF

Critical Control Energy Services Corp is engaged in the business of providing solutions for the collection, control, and analysis of measurement and operational data related to oil and gas wells across North America. It provides services to capture data, cloud-based software to visualize and manage it, and business intelligence to make operational decisions. The reportable segments of the company are Software and Field Services. The Software business provides cloud-based software and software-ba


GREY:CCZFF - Post by User

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Post by culzeanon Apr 02, 2007 8:35am
111 Views
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.
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