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Abraxas Corporation Receives 'Hot Ticket' Award From the Northern Virginia Technology Council

Posted on: Tuesday, 2 August 2005, 12:00 CDT

MCLEAN, Va., Aug. 2 /PRNewswire/ -- Abraxas Corporation, a global risk mitigation services provider headquartered in McLean, Virginia, announced that it has been chosen by the Northern Virginia Technology Council (NVTC) as the 2005 "Hot Ticket" award recipient for the "Hottest Bootstrap." This award goes to the company that has built a significant presence or shown tremendous growth potential without relying on institutional investors. According to NVTC, the Hot Ticket Awards celebrate the efforts of entrepreneurial companies and individuals in the tech community who have exhibited that "special something" that makes them Hot Tickets -- great vision, the ability to implement and deliver, innovative management approach and star-quality charisma. The panel of judges (comprised of local executives) reviewed nearly 100 companies in the region and selected winners in five different categories.

"We are honored to be recognized by the Northern Virginia Technology Counsel and to be selected from such an esteemed group of our peers," said Richard D. Calder, President of Abraxas Corporation. "Our success is a testament to the sophistication and talents of our employees and the strength of our commitment to offer the highest quality services available in the marketplace. This award from NVTC is the latest validation of that commitment. As last year's recipient of the Rising Star Award from the Deloitte Technology Fast 50 Program in Virginia and also ranking as the 7th fastest growing new company in the nation by the Deloitte Technology Fast 500, we truly believe that success is assured when you have exceptional people engaged in work they love to do."

Among its other products and services, Abraxas Corporation has developed TrapWire(TM), a proprietary technology designed to protect critical national infrastructure from a terrorist attack. Developed by former senior intelligence officers with extensive experience in counter-terrorist operations and analysis, TrapWire is designed to thwart a terrorist attack before it occurs and to facilitate the identification of those engaged in planning an attack.

About Abraxas

Abraxas Corporation is a global risk mitigation services provider offering a unique insight in the areas of competitive business intelligence, fraud investigation and containment, domestic and international due diligence, new market entry (including a China business advisory practice), political, economic and security assessment, compliance monitoring, behavioral analysis, deception detection and information elicitation. Abraxas has the largest aggregate of counter-terrorism expertise outside the U.S. Government and is foremost among competitors in intelligence experience. With offices in McLean, Virginia and Shanghai, China, Abraxas serves both corporate entities and individuals desiring to better manage and mitigate their risk. News and information are available at the Abraxas website at http://www.abraxascorp.com/.

TrapWire is a trademark of Abraxas Corporation. Patent pending.

CONTACT: Danielle O. Saunders of Abraxas Corporation, +1-703-821-8930 ext. 121, dsaunders@abraxascorp.com.

Abraxas Corporation

CONTACT: Danielle O. Saunders of Abraxas Corporation, +1-703-821-8930ext. 121, dsaunders@abraxascorp.com

Web site: http://www.abraxascorp.com/

Source: PRNewswire

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