October 21, 2008
Department of Health and Human Services Awards ICF International Contract Valued at $4M
Z-Tech, a subsidiary of ICF International (NASDAQ:ICFI), announced today that it was awarded a new contract by the Department of Health and Human Services (HHS) to provide regionally based technical assistance and training for preventing the spread of HIV/AIDS and other sexually transmitted diseases (STDs). The three-year contract, which began in September 2008, is valued at $4 million. This covers one base year and two one-year option periods.
Under the HHS contract, ICF will support the agency's Regional Health Administrators RHA in their efforts to promote awareness for and prevent the spread of these diseases by 1) establishing a targeted nationwide health promotion and disease prevention network; 2) establishing partnerships at the community level to promote disease awareness and testing, as well as activities to reduce the stigma associated with these diseases; and 3) providing HIV/AIDS and STD awareness and disease prevention training to high school and college students and training them on methods for passing prevention messages on to their peers.
About Z-Tech and ICF International
With the addition of Z-Tech, ICF International now offers the services of an established leader in health information and health technology services. Z-Tech provides full life-cycle services in grants management, bioinformatics, scientific computing, modeling and simulation, software engineering, Web design and development, and health technology solutions. Together, ICF and Z-Tech have expanded capabilities to assist governments at all levels and private organizations to develop more effective health information technology, health communications, health policy analysis, and health information clearinghouses.
ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,000 employees serve these clients worldwide. ICF's Web site is www.icfi.com.
Caution Concerning Forward-looking Statements
This document may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995--that is, statements related to future--not past--events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "guidance,""anticipate,""believe,""could,""estimate,""expect,""intend,""may,""plan,""potential,""seek,""should,""will,""would," or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company's future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company's contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company's filings with the Securities and Exchange Commission. These uncertainties may cause ICF's actual future results to be materially different than those expressed in the Company's forward-looking statements. ICF does not undertake to update its forward-looking statements.