WidePoint Announces Second Quarter 2012 Contract Awards and Notifications Exceeding $8 Million

MCLEAN, Va., July 2, 2012 /PRNewswire/ -- WidePoint Corporation (NYSE Amex: WYY), a specialist in telecommunications management and cybersecurity solutions, announced today that it has been awarded more than $8 million in new contract awards and notifications during the three months ending June 30th, 2012.  These include Federal, State, and Commercial market awards for business with new clients as well as expansion of work with current customers.

Steve Komar, WidePoint's CEO, stated, "We believe that these recent successes, along with the developing market demand we are witnessing, in both our telecommunications management and cybersecurity solutions, continue to support our belief that the underlying fundamentals of our business remain uncompromised. We are leading our telecommunications management and cybersecurity solutions segments into new and expanding markets in support of both Federal implementation mandates and emerging market demand for trusted cybermobility solutions. We're also internally focused on integrating and optimizing our management and resources to flexibly respond to these opportunities as they arise. We continue to believe that the outlook for our solutions and our underlying business model remain lucrative and enticing.  Our focus remains steadfast on taking all of the necessary steps to optimize and increase the overall enterprise value of our Company."

James McCubbin, WidePoint's CFO, stated, "It is increasingly clear that, as expected, we are experiencing acceptance for our solutions, and this is contributing to our ability to narrow our expected 2012 revenue range performance to $55-$60 million.  While we still have the potential to exceed this revenue range in 2012, pending current customer awards in the third quarter of 2012, our pipeline of opportunities in the second half of 2012, and our ability to recognize the revenues from those awards in 2012 are providing us with enough comfort to narrow the range of our expected revenue results.  As we continue to make investments in our infrastructure to meet the developing demand for future revenue opportunities, we are confident that we will finish 2012 with a stronger and more robust company than at anytime in our history."

About WidePoint
WidePoint is a specialist in providing telecommunications management and cybersecurity solutions utilizing its advanced information technology products and services.  WidePoint has several wholly owned subsidiaries holding major government and commercial contracts. WidePoint enables organizations to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. For more information, visit http://www.widepoint.com.

SOURCE WidePoint Corporation

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