Innolog Receives Subcontract Award To URS Federal Services In Support Of NAVY Q30 Program
FAIRFAX, Va., July 26, 2012 /PRNewswire/ -- Innolog Holdings Corp. (OTCBB: INHC) today announced that its wholly owned subsidiary, Innovative Logistics Techniques, Inc. (INNOLOG) received a subcontract award to URS Federal Services (NYSE: URS) to provide support to the U.S. NAVY Q30 Program out of Dahlgren, Virginia.
The contract award is to be part of the URS team supporting the NAVY's Q30 Program contract. URS and its team will provide strategic services that include systems analysis, software modification, modeling simulation, and systems engineering, just to name a few of the services, in support of the Sensor Systems Department for the Naval Surface Warfare Center in Dahlgren, Virginia.
Richard Stewart, INNOLOG's President, stated, "We are very pleased to be part of the team that won this contract and look forward to working with URS on this critical mission in support of the U.S. NAVY Q30 program. As we grow our business, we continue to look for ways to expand our presence beyond this contract and look forward to a strong partnership with URS on this project and others in the future."
About UsInnolog 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 Barwicki516-662-9461 / firstname.lastname@example.org SOURCE Innolog Holdings Corp.
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