In 2007, we are currently awaiting four major awards with two valued over $100 million over five years ($20M per year) and the other two valued at $9M and less.
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CYIOS Kicks Off 2007 With New Subcontract and Outlines Its Plans for '07 Thursday January 18, 2:33 pm ET
WASHINGTON, Jan. 18 /PRNewswire-FirstCall/ -- CYIOS Corporation (OTC Bulletin Board: CYIO - News) announced today its plans for 2007. CYIOS started off this year with signing a subcontract providing Change Management services. The work is being performed for DHS and is part of a subcontract with one of the top 10 government contractors. This benefits the company as it offers the potential to expand throughout the entire department and possibly other agencies. "We've learned many lessons while supporting the Army and the DoD that can be applied to DHS and other agencies. As a knowledge centric company, we have an advantage to reuse our knowledge and lessons learned. This new opportunity allows us to practice what we preach and also enables CYIOS to deliver excellent, rich services to the DoD and Government. As a small business, large businesses find CYIOS attractive for these types of services as they are becoming set aside for small businesses to meet the government's spending goals for '07. We expect more opportunities similar to this in the next 90 days," said Timothy Carnahan, CEO. ADVERTISEMENT
In 2007, we are currently awaiting four major awards with two valued over $100 million over five years ($20M per year) and the other two valued at $9M and less. CYIOS is currently working toward agreements with a few top 10 government contractors to engage in selling business transformation, knowledge management, and IT services to the Government and DoD agencies. "This year is expected to be our most competitive and most prosperous. We have the experience, infrastructure and partnerships to compete, win, and sustain contracts with the Government and the DoD to help them achieve their mission and goals," stated CEO Timothy Carnahan. We are also working with other large businesses to create partnerships to share in the development cost and sell our product CYIOS Knowledge Office (CKO), formerly known as XO Office. This product is our vision for enabling agencies to become knowledge centric with total accountability and meet the PMA for 2007 and beyond.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by CYIOS Corporation) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of CYIOS Corporation.
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