MCLEAN, Va., Oct. 15, 2014 /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 it received
new MMS themed contract awards totaling approximately $3.4 million during the recently completed third
quarter ended September 30, 2014,
specifically from commercial and enterprise clients. As previously
mentioned in its second quarter earnings conference call,
management anticipates continued revenue growth for the Company and
that revenue for the third quarter should be in the range of
$14.3 to $14.7 Million.
Third Quarter Commercial Enterprise Award Highlights:
- Gained a new European telecom and railroad client
- Added new holding company client with 15 diverse
subsidiaries
- Added over $300K, net, in new
software licenses at our Soft-x Subsidiary.
- Expanded sales to a major defense electronics company in
support of machine-to-machine (M2M) credentials
- Expanding relationship with major U.S. telecom service
provider
- Expanded consulting support to a major international
pharmaceutical company
- Added approximately 11 new Managed Mobility clients
- Continued to work with 3 OEM device manufacturers on
Cert-on-Device opportunity
John Atkinson, chief sales &
marketing officer, stated, "We are pleased with the progress we are
making as we broaden our sales and marketing efforts into the
commercial and enterprise marketplace, both domestically and
abroad. We believe that our recent successes should continue to
build upon themselves as our pipeline of opportunities continues to
expand." Atkinson further added, "As we expand our product
and service offerings with 'Cert-on-Device' through our new
channels, we expect this to bring new clients onboard for our
combined managed mobility services. We are excited about the
opportunities ahead for the company."
"The combination of recent commercial wins and our
earlier-announced new federal awards and expanding pipeline
continue to drive revenue growth for the Company. We are
witnessing this continuation of growth today, as well as in our
recently completed third quarter ended September 30, 2014, stated Steve Komar, CEO of WidePoint.
About WidePoint
WidePoint (NYSE Mkt: WYY) 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) anticipated revenues
for the third quarter ended September 30,
2014; and (v) 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 Forms 10-K and 10-Q filed with the SEC.
For More Information:
Jim McCubbin, EVP
& CFO
|
Brett Maas or David
Fore
|
WidePoint
Corporation
|
Hayden IR
|
7926 Jones Branch
Drive, Suite 520
|
(646)
536-7331
|
McLean, VA
22102
|
brett@haydenir.com
|
(703)
349-2577
|
|
jmccubbin@widepoint.com
|
SOURCE WidePoint Corporation