MAXIMUS Wins $1.4 Million U.S. Treasury Security Smart Card Contract

MAXIMUS Wins $1.4 Million U.S. Treasury Security Smart Card Contract

RESTON, Va., (BUSINESS WIRE), Aug. 27, 2002–MAXIMUS (NYSE:MMS) has been awarded a $1.4 million smart card contract by the U.S. Department of the Treasury to design, develop, and implement the Department’s new Electronic Treasury Enterprise Card for employees.

Under this contract, approximately 9,000 employees at the Treasury Department, Bureau of Alcohol, Tobacco and Firearms, Bureau of Engraving and Printing, Federal Law Enforcement Training Center, Internal Revenue Service, and Secret Service will be issued smart cards in the initial rollout.

The Treasury smart cards will contain an innovative contact integrated circuit chip, as well as an antenna to facilitate “contactless” transactions. This hybrid card will allow Treasury personnel to use a single card to facilitate both physical facility access (contact and contactless) and logical access (computer/network).

The smart card offers full support for biometrics, PKI and single-sign on, as well as a number of other card-based applications for the Treasury.

“MAXIMUS is proud to be providing an advanced smart card solution to the U.S. Treasury,” said Dr. David M. Mastran, CEO of MAXIMUS. “The MAXIMUS smart card program will offer Treasury personnel a tool that can be used to both streamline their daily business processes and make them more secure. With full support for digital certificates, physical and logical access, and biometrics, the new card will set a new smart card standard for other Federal government departments and agencies.”

MAXIMUS will use technology from Oberthur, a provider of smart cards; Precise Biometrics, a provider of biometric hardware and software; SCM Microsystems, a provider of smart card readers; HID and Indala, providers of contactless access control technology; ActivCard, a provider of smart card software, and; Actcom, a provider of physical security solutions.

MAXIMUS is one of America’s largest government services companies devoted to providing state and local governments with program management, consulting and information technology services. The Company has more than 5,400 employees located in more than 245 offices across the United States and overseas.

In 1999 and 2001, MAXIMUS was selected by Forbes Magazine as one of the Ten Best Small Companies in America for that year. MAXIMUS is also one of the two companies selected by Business Week Magazine as one of the Hottest Small Cap Growth Companies for the last four years in a row. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.

Statements that are not historical facts, including statements about the Company’s confidence and strategies and the Company’s expectations about revenue, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company’s products are forward-looking statements that involve risks and uncertainties.

These uncertainties could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company’s most recent Quarterly or Annual Report filed with the Securities and Exchange Commission (file number 001-12997).

The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by MAXIMUS or any other person that the events or circumstances described in such statement are material.


Investors: Russ Beliveau, 800/MAXIMUS x11308 or Media: Rachael Rowland, 800/MAXIMUS x11688 or 703/251-8688