WidePoint Corporation Announces $16 Million in TLM Contract Awards in the First Quarter of 2017

MCLEAN, Va., April 27, 2017 /PRNewswire/ -- WidePoint Corporation (NYSE Mkt: WYY), a leading provider of Managed Mobility Services (MMS) specializing in Cybersecurity and Telecommunications Lifecycle Management (TLM) solutions, announced today that it has been awarded approximately $16 million in new and option year contract awards for our public sector TLM services in the first quarter of 2017. 

Jin Kang, chief operations officer of WidePoint, said, "These awards continue to demonstrate the success we are having within our public sector marketplace. Our strategic goal of expanding our public sector and federal base of business remains a key revenue driver as we continue to work to broaden our public sector customer base in 2017. As we enter the second quarter of 2017 we look forward to capturing other Department-level and enterprise-wide private sector contract vehicles to expand our reach within these key market segments for WidePoint."

During the first quarter of 2017, the public sector awards represented two new task orders, three logical follow-on task orders, and 11 option year exercises, with all work to be performed in the current year. 

Jeff Nyweide, chief executive officer of WidePoint, said, "We provide critical TLM services to organizations that want to aggressively reduce their telecommunications spend, while securing and improving their control over the various devices that are being deployed within their ever-expanding mobile environments. Our custom-made and unique service provides these public sector customers a federally approved platform, offering control, costs savings, and superior past performance that is demanded to meet their complex requirements. We are pleased with the progress we are making in support of our public sector customers, and we also continue to make progress in expanding our commercial efforts and in managing the convergence we currently see as we secure the multitudes of devices being used throughout these enterprise environments."

About WidePoint

WidePoint is a leading provider of secure, cloud-delivered, enterprise-wide information technology-based solutions that can enable enterprises and agencies to deploy fully compliant IT services in accordance with government mandated regulations and advanced system requirements. WidePoint has several major government and commercial contracts. For more information, visit www.widepoint.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; (iv) the Company's ability to achieve profitability and positive cash flows; (v) the Company's ability to raise additional capital on favorable terms or at all; (vii) the Company's ability to gain market acceptance for its products and (viii) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC on March 15, 2016.

For More Information:

Brett Maas or David Fore
Hayden IR
(646) 536-7331
brett@haydenir.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/widepoint-corporation-announces-16-million-in-tlm-contract-awards-in-the-first-quarter-of-2017-300446851.html

SOURCE WidePoint Corporation