
For additional information, contact
Kathy
Brailer, (301) 419-3900
SPHERIX WINS
PROTEST OF
FOR IMMEDIATE RELEASE:
Richard Levin, Spherix’s President
and CEO, said, “We applaud GAO’s decision and hope that now – after a nearly
two-year struggle with the Department of Agriculture – we will be given a fair
and unbiased chance to compete for this award.
Our past performance is superior, our system is better and available
now, and our prices are far less expensive for the public. Given a fair opportunity, we are confident we
will prevail.”
Spherix had operated the National
Park Reservation Service since 1998 and was judged to have the highest rated
proposal for that contract re-bid in 2002, when the solicitation was suddenly
cancelled. The cancellation was part of
a directive by the Office of Management and Budget to bundle the Park Service
and Forest Service contracts, under Forest Service auspices. The Forest Service then tried to give all of
the National Park Service work to its own incumbent without competition. Spherix objected and prevailed, convincing
the Government to conduct a full and open competition for the bundled
contract. During that process, the
Certain
statements contained herein are “forward looking” statements as defined in the
Private Securities Litigation Reform Act of 1995. Because such statements include risks and
uncertainties, actual results may differ materially from those expressed or
implied. Factors that could cause actual
results to differ materially from those expressed or implied include, but are
not limited to, those discussed in filings by the Company with the Securities
and Exchange Commission, including the filing on Form 8-K made on March 3,
1999.
Under its motto, “A World of Solutions,” Spherix’s
mission is to create value and increase shareholder wealth
through innovations that benefit our clients and the human condition. Spherix offers innovations in information
technology, knowledge management, and biotechnology.
Our
Internet address is http://www.spherix.com.
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