FAIRFAX, Va., Dec. 20, 2012 -- Innolog Holdings Corp. (OTCBB: INHC) today announced that its wholly owned subsidiary, Innovative Logistics Techniques, Inc. (INNOLOG) received a subcontract award from PD Systems, Inc. to support the U.S. Department of Army. The contract is up to two years and will be based out of Chambersburg, PA at the Letterkenny Army Depot.
As part of the contract, INNOLOG will be supporting PD Systems Inc. INNOLOG will provide support for labor, management, logistical and technical support services to augment the LEAD civilian and military workforce in recap and reset operations on military armored vehicles and military power generators. Specifically INNOLOG will focus in the areas of Heavy Equipment Mechanic and Electronics Technician Maintenance.
Richard Stewart, President of INNOLOG commented, "This is the first step in a long term strategic working relationship with PD Systems, Inc. We are looking forward to supporting them on this contract and to continue working on new and exciting opportunities over the course of the next year."
About Us
Innolog Holdings Corporation was formed in March 2009 as a holding company for the purpose of acquiring businesses that provide services primarily to federal government entities. Our primary subsidiary, Innovative Logistics Techniques, Inc. (www.innolog.com), was founded in 1989 to help the Department of Defense address complex logistics business problems. The company is a federal government contractor that brings world-class solutions and leading edge process oriented thinking to the U.S. military, civilian agencies and state and local governments to provide solutions to complex logistics problems.
Additional information is available at www.innologholdings.com.
Statements in this press release that are not statements of historical or current fact, such as the expectation of future revenue growth and profitability, constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Innolog's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause Innolog's results to be materially different from the forward-looking statements include whether Innolog will be able to find financing when and as it needs it and whether Innolog's revenues will eventually exceed its expenses. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Innolog's reports filed with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/.
Contact:
Investor Relations
Andrew Barwicki
516-662-9461 / andrew@barwicki.com
SOURCE Innolog Holdings Corp.
