Widepoint Corp. Gets Govt. Contract -- More to Come

Oct. 6.06 | About: WidePoint Corporation (WYY)

Widepoint Corp. (NYSEMKT:WYY) announced today that they have been awarded a contract to provide digital certificates to the Environmental Protection Agency.

Though terms of the deal have not been announced, we view this as a substantial positive, as it represents the first significant contract-win announcement for Widepoint's ORC subsidiary (the EPA has approximately 18,000 employees), as it relates to HSPD-12 compliance.

We also note the joint release aspect with RSA Security as validating the recently formed relationship between ORC and RSA, and anticipate this to be the first of several significant announcements between the two companies. With the government fiscal year having just ended on Sept. 30th, Golden Mean Stock Report expects additional contract wins for ORC and Widepoint to be announced in the near term, and our constructive opinion on the name remains unchanged.

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