MorganFranklin Press Releases

FOR IMMEDIATE RELEASE

MorganFranklin Corp. Awarded Department of Defense Financial Management Systems Contract

Herndon, VA — February 9, 2005
MorganFranklin Corporation (MFC) was among 20 firms awarded a contract vehicle for procurement of services in support of the Chief Financial Officers Act for the Office of the Inspector General at the Department of Defense. In addition, MFC is a subcontractor to three firms under the same multi-award contract vehicle, which is estimated at $977,500,000.

Over the next three years, MFC will be provided the opportunity to bid on task orders related to the Assessment of DoD Financial Management Systems (as both a prime and subcontractor) and task orders related to Audit Assessments and CFO Audits (as a subcontractor only).

"We are extremely pleased for the opportunity to support the Department of Defense with this large effort. This is a milestone for our company coming on the heels of a very successful year of providing advisory services in the commercial sector. We now have an opportunity to put our extensive experience to work for the DoD. With opportunities to bid as both a prime contractor and subcontractor, and the government set-aside of 23 percent (minimum) to small business concerns, the outlook for MFC is extremely positive" said Bob Morgan, CEO of MorganFranklin Corporation.

About The Company
MorganFranklin Corp. (MFC) is a diversified professional services company committed to improving the competitiveness and efficiency of our commercial and government clients by providing them with a comprehensive array of business advisory, management consulting, engineering and integration services. For more information, visit our website at www.morgan-franklin.com.