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Axiom Has Banner Year in 2003, Targets Innovation for '04

February 18, 2004

Falls Church, Virginia. Axiom Resource Management, Inc. released its annual review of the past year's business performance today: "Another great year for Axiom," said Kevin Riley, executive vice president and chief financial officer. "We earned revenues of $42 million in 2003, up from our total of $36 million in 2002." According to Riley, Axiom is poised for even stronger growth in 2004.

One of the leading management consulting firms in the region, Axiom is accustomed to setting company records for contract wins, revenues, and employment growth each year. Frank Cumberland, vice president for communications, marketing, and strategic planning, sees two reasons for Axiom's sustained growth. "First and foremost, we provide outstanding support for our clients. This is what built Axiom's reputation for excellence." Second, he said, "we look for new business opportunities every day. It sounds simple, but if you do great work today, and find new work for tomorrow, you grow." Axiom provides technical experts and program management staff to numerous federal agencies, as well as associations and private sector companies.

Axiom's victories last year included a major five-year contract with the Department of Health and Human Services, worth potentially $50 million. TRICARE awarded the company a $7 million contract for program management support, and a $3.3 million contract to support the agency's "TRICARE On-Line" internet portal.

Widely recognized for its ability to help clients ensure that their modern electronic offices and computer environments are accessible to employees and customers with disabilities, Axiom won contracts worth $1.7 million last year for accessibility services.

Axiom broke new ground in a number of areas in 2003. Highlights:

  • Axiom expanded its market, winning awards from the Departments of Defense, Health and Human Services, Veterans Affairs, and Transportation.
  • Won 97 percent of contract awards on which Axiom was the incumbent, reflecting our clients' high level of satisfaction with Axiom's performance.
  • Axiom received an "honorable mention" in Washingtonian Magazine's annual feature on "Washington's Top 50 Places to Work."

"Axiom clients appreciate the wide range of services we can provide," said Riley. "In addition to our industry-leading work in accessibility, program management, and acquisition support, we won a $2.1 million contract to provide warehousing and information clearinghouse services for the National Highway Traffic Safety Administration."

And the company's focus in 2004? "Innovation," said Doug Peardon, executive vice president and chief operating officer. "Axiom supports some of the most respected people in the federal government. These clients look to us for innovation, creativity, and thought leadership. When our clients receive recognition for their leadership," he said, "the people of Axiom have done our job."

For further information Contact Frank Cumberland, Vice President for Communications, Marketing, and Strategic Planning, at 703-998-0327.


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