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Peerless Technologies Awarded Federal Government Contract for Financial and Business Solutions (FABS) Services

Dayton, Ohio - Peerless Technologies Corporation announced today it is has been awarded a contract with the Federal Government to provide Financial and Business Solutions (FABS) services. The Federal Supply Schedule (FSS) through General Services Administration (GSA) will allow Federal clients the ease of ordering from Peerless' existing offering of services, with pre-negotiated terms and rates.

The contract, GS-23F-0089S, with a period of performance through January 30, 2011 will have specific details available soon.

When purchasing services from Peerless under this contract, Federal clients receive credit toward Historically Underutilized Business Zone (HUBZone) contracting goals, since Peerless is certified under the Small Business Administration’s (SBA's) HUBZone Empowerment Program. Peerless Technologies provides Financial Management (FM) analysis, systems development and sustainment support services including integrated systems solutions for Chief Financial Office (CFO) Act Compliance, Inventory Accounting, Air Force Working Capital Fund (AFWCF) Financial statement support and analysis and Defense Finance and Accounting Service (DFAS) “Blue Book” Compliance Assessments of Air Force legacy systems. Peerless Technologies is a member of the Greater Dayton IT Alliance, and is located adjacent to Wright-Patterson Air Force Base at 2300 National Road in Fairborn, Ohio.

January 31, 2006

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