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http://www.prweb.com/releases/2003/9/prweb80394.php
NuGeneration
Technologies Wins GSA Contract
Contract Worth an Estimated $8.7 Million Dollars
Over Five Years Stockton, CA August 2003 – NuGeneration Technologies, LLC. (www.nugentec.com), today announced that it has been awarded a five-year plus (3) five-year options contract by the General Services Administration (GSA) to provide chemicals, chemical products, cleaning chemicals and sorbents to agencies of the Federal Government. Based on past performance of similar contracts with other vendors, NuGeneration Technologies estimates the award to be worth over $8.7 million dollars during the initial term of the contract, which carries several option periods. The GSA, acting as a business manager and purchasing agent for the Federal Government, provides federal agencies with billions of dollars worth of supplies and services each year. The award qualifies NuGeneration Technologies, a certified California small business, to provide a broad range of chemical solutions to all federal agencies. “The federal government is determined to purchase new chemical solutions that are both cost effective and environment friendly. We are proud that NuGeneration Technologies has been selected as a top provider of these products,” said Donato Polignone, Vice President, NuGeneration Technologies. NuGeneration Technologies manufacturing facility and research & development center are located in Stockton, CA. Their Research and Development efforts began in 1997 and full production capabilities were completed in Q1-1998. NuGeneration Technologies develops and manufactures water-based, environmentally friendly specialty formulated products for cleaning, cutting, grinding, and polishing applications. Contracting Resources Group, Inc. (CRG) was retained to perform the tasks required by the Federal government for award of the NuGeneration Technologies GSA Schedule as well as the State requirements for the California Small Business Certification. For additional information, please visit the company’s web site at: www.contractingrg.com Note: This press release contains certain forward-looking statements within the meaning of the U.S. Federal securities law, including statements concerning anticipated future events and expectations that are not historical facts. The forward-looking statements in this press release are subject to substantial risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by the statements herein. Accordingly, there can be no assurance that the actual results will conform to the forward-looking statements in this press release. # # # |
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