RIDGEFIELD, Conn., Aug. 3, 2004 (PRIMEZONE) -- Markland Technologies, Inc. (OTCBB:MRKL) (http://www.marklandtech.com), an integrated homeland security company, announced today that the US Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded EOIR Technologies Inc., a wholly owned subsidiary of Markland, contracts in the amount of $1,985,823 for EOIR to provide support services for the development and testing of airborne sensors and data collection platforms over a 24 month performance period.
The support services to be provided by EOIR personnel are as follows:
-- Design and fabrication of sensors and data collection equipment.
-- Execution of airborne and laboratory experiments.
-- Collection, reduction and analysis of data from various flight, field, or laboratory tests.
-- Preparation of documentation to support management and technical aspects of sensor development and test programs.
These contracts are part of an ongoing NVESD Omnibus Contract.
Markland CEO/Chairman Robert Tarini stated, "Our omnibus contract with the Night Vision Labs provides the opportunity to supply up to $80M in products and services to the Army in the present corporate fiscal year. Markland's intent is to continue to provide the highest quality services possible to help support our troops overseas and to help ensure that they continue to 'Own the Night'."
About Markland Technologies
Markland Technologies, Inc is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders, and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org).
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
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