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PSCO (.06) Potential $2.3Bil Government Contract
Contract Is for Field Work for Federal Government Background Investigations
FALLS CHURCH, VA -- (MARKET WIRE) -- 07/06/06 -- USIS, a leader in pre-employment screening, drug testing, and insurance services, and the largest provider of security investigations to the U.S. government, has been selected by the Office of Personnel Management (OPM) as one of several companies that will provide field investigation services for federal government background investigations. The overall contract has two base years and three option years for a total potential value of more than $2.3 billion.
"We are pleased that the Office of Personnel Management selected USIS to continue its field investigation work in support of the federal security clearance process," said Randy Dobbs, CEO of USIS. "We take our role in the overall security of this nation seriously. We have worked hard over the past ten years to establish a hiring and screening system for new investigators, basic and advanced training programs for our investigators, and contract management procedures that ensure we are providing the best possible services to OPM and the federal government."
The contract is managed by USIS's Investigative Services business, which is currently providing services to OPM in this area under a previous five-year contract, and approximately 2,900 field investigators and managers located across the U.S. will perform work in support of the contract. USIS Investigative Services is working on a transition plan with OPM and will begin providing services under the new contract in early July.
USIS is a worldwide provider of background investigations, pre-employment/drug screenings, insurance information services, due diligence and risk management assessment, and security and related professional services to businesses, federal agencies, and institutions. USIS is the largest supplier of security investigations to the U.S. government and a major global provider of security support services, training, and consulting solutions for government agencies. Headquartered in Falls Church, Va., USIS has more than 7,000 employees supporting business operations in all 50 states, U.S. territories, and overseas. For more information, please visit www.usis.com
Media Contact: Michael John Mobile: 703.343.3325 Office: 703.637.1694 Email Contact
BUSINESS SUMMARY ProtoSource Corporation, through its subsidiary, P2i Newspaper, Inc., converts the text and graphics from print media to interactive Web content. It engages in mining, managing, and databasing print content for the publishing industry, as well as distributing it via the Internet. The company also processes inserts for various retailers. Its clients primarily include newspaper groups located in the United States and the United Kingdom. The company was founded in 1988 and is headquartered in Bethlehem, Pennsylvania
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What does USIS contract have to do with this co? Am I missing something here?
Posts: 79 | Registered: Aug 2004
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Looking at it I don't see PSCO mentioned once in this PR. What they enter the paperwork into a data base after the screening LOL?' The last few days my news filter has been showing the same news simoultaniously under two different tickers. I'll bet Kitty Kat is having the same problem.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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