FAIRFAX, Va., Oct. 18, 2011 /PRNewswire/ -- Innolog Holdings
Corp. (OTCBB: INHC) today announced that its wholly owned
subsidiary, Innovative Logistics Techniques, Inc. (INNOLOG)
received a sub contract award to SNVC Corp., to provide support to
The Army Contracting Command-National Capital Region (ACC-NCR) and
Army Computer Hardware, Enterprise Software and Solutions
(CHESS).
The contract award is to be part of the SNVC team as a prime
contractor to support the Army's five-year $400m enterprise-wide IT services and solutions
Indefinite Delivery/Indefinite Quantity (IDIQ) contract. INNOLOG
will support SNVC's efforts to provide a mechanism to obtain
Information Technology (IT) services necessary for the Army to
satisfy its support of the enterprise infrastructure and
infostructure goals at a reasonable price, consistent with
Department of Defense (DoD) and Department of Army policies on
standardization and interoperability.
Richard Stewart, INNOLOG's
President, stated, "We are pleased to be part of the SNVC team and
look forward to supporting them on this critical mission and
supporting the US Army in delivering a timely and reliable service.
We continue to increase and expand our opportunities to support the
US Army and look forward to working with SNVC on this and future
opportunities."
INNOLOG projects annual revenues of $800,000 up to a potential maximum of
$2.0m.
About Us
Innolog Holdings Corporation was formed in March 2009 as a holding company for the purpose
of acquiring businesses that provide services primarily to federal
government entities. Our primary subsidiary, Innovative
Logistics Techniques, Inc. (www.innolog.com), was founded in 1989
to help the Department of Defense address complex logistics
business problems. The company is a federal government contractor
that brings world-class solutions and leading edge process oriented
thinking to the U.S. military, civilian agencies and state and
local governments to provide solutions to complex logistics
problems.
Additional information is available at
www.innologholdings.com.
Statements in this press release that are not statements of
historical or current fact, such as the expectation of future
revenue growth and profitability, constitute "forward-looking
statements". Such forward-looking statements involve known and
unknown risks, uncertainties and other unknown factors that could
cause Innolog's actual results to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. Factors that could cause
Innolog's results to be materially different from the
forward-looking statements include whether Innolog will be able to
find financing when and as it needs it and whether Innolog's
revenues will eventually exceed its expenses. The forward-looking
statements contained herein are also subject generally to other
risks and uncertainties that are described from time to time in
Innolog's reports filed with the Securities and Exchange
Commission, which are available for review at
http://www.sec.gov/.
Contact:
Investor Relations
Andrew Barwicki
516-662-9461 / andrew@barwicki.com
SOURCE Innolog Holdings Corporation