CALGARY, Oct. 31 /CNW/ - CriticalControl Solutions Corp., (TSX-V:CCZ)
today announced that its wholly-owned subsidiary CriticalControl Solutions
Inc. has been awarded a one year contract for outsourced document control
services for an Alberta-based Health Care provider through a competitive bid
process. The agreement also includes an option for two, one year extensions to
the newly signed contract. Prior to this award, CriticalControl was providing
similar services to the client under a contract awarded in 2004.
"This renewal is a further demonstration of our leadership in providing
critical information control services in an efficient and cost-effective
manner and our solid long-term working relationship with this client," said
Alykhan Mamdani, President and CEO of CriticalControl. "This contract is a key
component of our recurring revenue stream and expands our core competency in
health care related documents."
Based on historic and projected volume, the Company expects revenue from
the contract to exceed $1 million for the initial year, an increase of over
30% from the previous agreement.
CriticalControl is a technology company that builds, implements and
manages critical business process solutions. Our proprietary products are data
management tools to operate the critical business operations of our government
and energy sector clients. In addition to our proprietary products, we
implement large scale document and records management solutions using our
strong domain expertise and in depth knowledge of our customer base. Where
critical processes require unconditional continuity, our clients look to us to
manage and perform certain operational functions on a short term or long term,
outsourced basis. For more information please visit www.criticalcontrol.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Alykhan Mamdani, President & CEO, Tel (403)
705-7500; or David Feick, The Equicom Group, Tel (403) 538-4787, Fax (403)