RESTON, Va., June 30, 2016 (GLOBE NEWSWIRE) -- STG Group, Inc. (OTCQB:STGG), a leading provider of mission-critical technology, cyber, and data solutions to multiple Federal Agencies, announced today that it has received a contract modification worth $34 million from the U.S. Army to provide information technology support to the 2nd Regional Cyber Center Western Hemisphere at Ft. Huachuca in Arizona.
The 2nd Regional Cyber Center opened in October 2013 and merged the CONUS Theater Network Operations and Security Center and the CONUS and South Regional Computer Emergency Response Teams.
Commenting on the contract modification, Mr. Paul Fernandes, STG President said, “We are pleased to continue to provide these mission critical services to the 2nd Regional Cyber Center. Our long-standing relationship here is a critical part of STG’s long and successful track record of enabling U.S. Government Agencies to secure mission critical systems, raising awareness and understanding of overall cyber risk and effective mitigation.”
About STG
STG Group, Inc. is a leading provider of mission-critical technology, cyber and data solutions to more than 50 US Federal Agencies. Applying decades of experience, the company works to ensure the security of the digital domain, the effectiveness of complex IT systems and the delivery of quality intelligence to decision makers. STG is a Washington Technology Top 100 Company. Visit STG at www.stg.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties concerning STG, STG’s work under the NETCOM contract, STG’s expected financial performance, as well as STG’s strategic and operational plans. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, risks relating to success in retaining or recruiting officers, key employees or directors, the potential liquidity and trading of our securities, and the size of our addressable markets and the amount of U.S. government spending on private contractors. In addition, please refer to risks described in the “Risk Factors” in STG’s Annual Report on Form 10-K for the year ended December 31, 2015 and filed with the SEC. Please also refer to the other documents that STG filed with the SEC on Forms 10-K, 10-Q and 8-K. The filings by STG identify and address other important factors that could cause its financial and operational results to differ materially from those contained in the forward-looking statements set forth in this press release. STG is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.