Elkridge, MD. March 7, 2008. Global performance improvement solutions provider General Physics Corporation (GP) has been awarded a California Multiple Award Schedule (CMAS) contract, which allows agencies to procure GP’s services. The contract was awarded to GP by the California Department of General Services, Procurement Division, and contemplates the purchase of non-Information Technology consulting services.
The State of California establishes multiple award contracts in accordance with Public Contract Code Sections 10290 et seq. and 12101.5 (effective January 1994). The CMAS contractor provides products and/or services at prices based on an existing competitively assessed, cost-compared, multiple award contract. The contract is the “base” contract, and the State of California adds standard contract terms and conditions, procurement codes, policies, and guidelines that result in the CMAS contract.
Under CMAS, GP can provide expert advice, assistance, guidance, or counseling in support of agencies’ management, organizational and business improvement efforts as well as homeland security related assessments, training and exercises; studies, analyses, and reports documenting any proposed developmental, consultative, or implementation efforts. Examples of consultation include, but are not limited to, strategic, business, and action planning; systems alignment; cycle time; high performance work; process and productivity improvement; leadership systems; performance measures and indicators; program audits and evaluations; and organizational assessments.
General Physics Corporation is a global provider of sales and technical training, e-learning solutions, management consulting, and engineering services. GP’s solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting, and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found about General Physics Corporation at www.gpworldwide.com.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “will,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Scott N. Greenberg
Chief Executive Officer
Chief Financial Officer