GTEC Wins ACG National Capital Deal of the Year Award
MCLEAN, Va., April 12 /PRNewswire-FirstCall/ -- Global Defense Technology & Systems, Inc. (Nasdaq: GTEC), a provider of mission-critical, technology-based systems, solutions, and services for national security agencies and U.S. government programs, has won the 2010 Deal of the Year, Under $100 Million award at the Association for Corporate Growth (ACG), National Capital Chapter awards gala held on April 8.
The Deal of the Year award recognizes the regional company that was party to the most outstanding transaction among those nominated. GTEC was nominated based on the success of the company's initial public offering (IPO) completed in November 2009. In the midst of one of the most challenging economic climates in decades, GTEC completed the first successful government services sector IPO in three years with a deal valued at $63 million.
President & CEO, John Hillen, commented, "We are very honored by this award and the recognition of our successful public offering. This award underscores what our shareholders see as the value proposition of GTEC - a fast growth company, uniquely positioned to meet the most pressing counterterrorism, C4ISR and expeditionary needs of the national security community."
ACG National Capital is the leading authority on corporate growth in the mid-Atlantic region. Every year the organization recognizes regional companies that have exhibited consistent and sustainable growth; completed outstanding deals resulting in positive impact on shareholder value, the market and the local community and the key executives who have accomplished significant growth-oriented transactions.
About Global Defense Technology & Systems, Inc.
Global Defense Technology & Systems, Inc. (GTEC) provides mission-critical, technology-based systems, solutions, and services for national security agencies and U.S. government programs. Our services and solutions are integral parts of mission-critical programs run by the Department of Defense, Intelligence Community, Department of Homeland Security, federal law enforcement agencies, and other parts of the federal government charged with national security responsibilities. Learn more about Global Defense Technology & Systems at www.gtec-inc.com .
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to differ materially from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in Global Defense Technology & System Inc.'s (GTEC) Annual Report on Form 10-K, and such other filings that GTEC makes with the Securities and Exchange Commission from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements speak only as of the date hereof and GTEC undertakes no obligation to update such forward-looking statements in the future except as required by law.
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SOURCE Global Defense Technology & Systems, Inc.
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