Oct
17
2007

ICF International Awarded New Contracts by Health and Human Services Department with Combined Value of Approximately $10.5 Million

Firm to Support Two Offices within Administration for Children and Families

 

 

Fairfax, Virginia, October 17, 2007 -

ICF International (NASDAQ: ICFI) announced it has won six new contracts with the Administration for Children and Families (ACF) at the U.S. Department of Health and Human Services. The contracts carry a combined value of approximately US$10.5 million, with approximately $7 million funded. The length of the contracts varies from 24 months to 48 months.

In securing these contracts, ICF continues its decade-long service in support of the ACF-funded state, territorial, and tribal Temporary Assistance for Needy Families (TANF) program, created by the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. ICF will provide a full range of services, including technical support and training, program and product development, IT solutions, performance management, and evaluation.

“These new projects reflect the confidence ICF has earned from the Administration for Children and Families for our capabilities and expertise,” said Gerald Croan, an executive vice president with ICF and founder of Caliber Associates, which brought along several ACF contracts when it was acquired by ICF in 2005. “We’re pleased to expand our scope of work to include these important initiatives and look forward to supporting the agency in its mission to help alleviate the cycle of poverty that affects millions of Americans.”

The initiatives ICF will support under the new contracts include the TANF and Tribal TANF/Child Welfare Demonstration Grantees program, the TANF Faith-Based and Community Organization Initiative, the Initiative for Healthy Marriage Grantees, and the State/Territorial/Tribal TANF program. ACF also selected ICF to support two new initiatives under a key program, Assets for Independence, administered by the Office of Community Services. The initiatives are the New Grantee Development Initiative and New Strategies for Stronger Outcomes.

In addition to the new work, ICF supports ACF on other related initiatives, including the Urban Partnerships for Welfare Reform Initiative, the Welfare Peer Technical Assistance Network, and the National Responsible Fatherhood Clearinghouse.

 

 

About ICF International

ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 2,500 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.

Caution Concerning Forward-looking Statements

This document may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995—that is, statements related to future—not past—events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “guidance,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would,” or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.

For Immediate Release
Polly Shannon
1.703.934.3144

 
 
 

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