SYSTALEX WINS $79 MILLION COMMERCE DEPARTMENT CONTRACT FOR FINANCIAL MANAGEMENT SYSTEM

Company to become PRIME contractor on IT upgrade and business system operations support project

Rockville, MD, October 12, 2004 – Systalex Corporation, a Federal enterprise systems and Oracle technologies authority announced today it has been awarded a five-year contract worth over $79 million to maintain and upgrade the Department of Commerce’s “Commerce Financial and Enterprise Business Systems” (CFEBS). Commerce has replaced its legacy financial systems with a modern integrated financial management system and is in the process replacing legacy line of business systems with eGov supported systems that will be integrated with the financial system. Systalex, through this contract, will be supporting these important business system initiatives.

Systalex, formerly one of several contractors on this project, was awarded the single PRIME contract to continue on-site support and upgrades of CFEBS. Systalex will add to its approximately 50 on-site staff that works with Commerce employees in the agency’s CFEBS Support Center (CSC) in Gaithersburg, Maryland and other Commerce locations. Accenture is a subcontractor on the project.

The Commerce financial management system handles the flow of financial information including procurements, contracts, purchase orders, and payments from Commerce and associated bureaus including NIST, NOAA, and Census. Once information is in the system, bureaus can easily create individualized reports in support of accounting, compliance, management reporting, and executive briefings.

This award represents the highest value IT related contract awarded to a small business by the Department of Commerce during fiscal year 2004,” said Michael Boland, Senior Analyst Vendor Information Products at INPUT. INPUT is the leading provider of government market intelligence. The Systalex team has a long and successful track record in the development and maintenance of Federal financial systems including:

All systems are developed and maintained within government regulations including JFMIP compliance, Treasury Financial Manual directives, FASAB Pronouncements, and OMB Circular requirements.

“Our understanding of the project, history of delivering high quality products and services, and our financial management and technical experience and expertise will help us in working with Commerce to achieve a more efficient financial management system,” said Weipo Liao, Systalex President and CEO. “We’re thrilled to continue to expand our work with the Commerce IT team.”

About Systalex

At Systalex, we enable clients to more effectively access and share information across their enterprise. Founded in 1993, Systalex provides hands-on functional and technical expertise to Federal agencies in support of implementation and operations of financial, information and administrative systems. Systalex is a certified 8(a) professional services firm that has a superior track record creating business value from portal and other knowledge management technologies. Past and present clients include the Department of Commerce, including the National Oceanic Atmospheric Administration, National Institute of Standards and Technology, and the Bureau of the Census, as well as, the Environmental Protection Agency, the United States Marine Corps, and the United States Postal Service.

For More Information Contact (For Immediate Release)
Mr. Rob Marks
Director of Marketing
Phone: 301-251-8889 x215
E-mail: rmarks@systalex.com