News Release
GSA Extends Nationwide Broker Services Contract with Staubach and Horne Engineering Services
Fairfax, VA March 8, 2007 Horne International, Inc. (OTCBB: HNIN.OB), today announced that the General Services Administration (GSA) has exercised the second option year extending the contract with The Staubach Company and Horne Engineering Services, LLC, to provide construction management and real estate brokerage services.
The original contract with GSA was awarded in 2005 and included a one-year base period with four one-year option periods. Revenues for Horne Engineering Services over the life of the contract (assuming exercise of all option periods) are estimated at nearly $5 million.
This brokerage services contract provides full life-cycle leasing support to all GSA regions in executing lease transactions for U.S. Government real estate in all 50 states. Horne Engineering Services provides construction management, program management, lease transaction support, small business advocacy support, and post-award services, including construction oversight of lease-related build-outs.
Horne Engineering’s team is co-located with Staubach’s program management and lease transaction specialists at Staubach’s Northeast Regional headquarters in Tysons Corner, Virginia, working with the prime contractor in a fully integrated team environment.
Horne Engineering Services, LLC, a wholly owned subsidiary of Horne International, Inc, is a technology and engineering solutions company. Horne Engineering has extensive experience in Department of Defense and Homeland Security programs such as missile defense, chemical demilitarization, base security, national border security, and a variety of federal construction program integration, management, and quality assurance efforts. Core competencies include program engineering, occupational safety and health, environmental sciences, acquisition and procurement, business process engineering, technology integration, and public outreach.
Horne International and Horne Engineering are located at the company’s headquarters in Fairfax, Virginia.
The Staubach Company is a global, full-service real estate advisory firm that delivers cost-effective solutions for the users of office, industrial, and retail space. Founded in 1977, the company helped pioneer the concept of exclusive office tenant representation to minimize conflicts of interest and has since expanded services to meet clients' ever-changing requirements. Areas of expertise include site selection, acquisition and disposition, financing, design and construction consulting, and other outsourced services. With 68 offices in the Americas, The Staubach Company has access to 11,800 professionals worldwide in over 46 countries through DTZ Staubach Tie Leung. For more information, visit www.staubach.com.
About Horne International, Inc.
Horne International (OTCBB: HNIN) is a government services company focused on defense & homeland security, environment & energy, and transportation markets. The company’s business offerings include engineering program management for large scale government programs; environmental science, safety & health; technology; acquisition services; business process engineering; manufacturing for aircraft and munitions support; and support services for shipping and U.S. waterways. Horne International currently operates under three subsidiaries: Horne Engineering Services, LLC; Spectrum Sciences & Software, Inc.; and Coast Engine and Equipment Company. More information can be found at www.horne.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.