FOR IMMEDIATE RELEASE:

Task Order under the Basic Ordering Agreement Will Support Web Enabling OPIC Business Processes

Herndon, VA – January 17, 2008 - REI Systems (REI) announced today that it was awarded a 1-year Web Application Development Support task order by the Overseas Private Investment Corporation (OPIC), Office of the Chief Information Officer (OCIO). REI will support OPIC in the operations and maintenance of its ASP/SQL Server based web environment, develop the strategy for the future web development platform, migrate legacy Lotus Domino applications to the new platform, and provide technical support. OPIC/OCIO intends to use this contract to mature and improve its Software Development Lifecycle while maintaining existing applications, standardizing around newly implemented enterprise applications, and improving application security. REI was awarded the task order under the OPIC Basic Ordering Agreement (BOA).

The Overseas Private Investment Corporation (OPIC) helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing the risks associated with foreign direct investment, and supports U.S. foreign policy. OPIC’s mission is to mobilize and facilitate the participation of United States private capital and skills in the economic and social development of both less developed countries and areas, and countries in transition from non-market to market economies. In accomplishing its mission, OPIC provides three primary services:

• Loans – OPIC Financing provides medium to long-term funding, through direct loans and loan guaranties, to eligible investment projects for developing countries and emerging markets.
  
• Insurance – Political risk insurance is available to U.S. investors, contractors, exporters and financial institutions involved in international transactions.
  
• Investment Funds – In response to the critical shortfall of private equity capital in developing countries, OPIC provides support for the creation of privately owned and managed investment funds.

Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.

“OPIC’s web presence must serve a diversity of interested parties, including existing and potential clients who wish to transact business with OPIC, the Corporation’s personnel who conduct their day-to-day activities using these systems, and the general public, who wish to learn more about OPIC. Establishing a reliable and effective SDLC will allow OPIC to improve the quality of these systems while reducing the cost to operate and maintain them” says Veer Bhartiya, REI Systems President. “REI welcomes this opportunity to continue our support of OPIC/OCIO in developing a world-class IT organization. Web enabling business processes is a core capability for REI and an area where we can uniquely deliver results that will make a positive difference for the Corporation. We will deliver the right combination of business understanding, experienced staff, technology, and customer service to ensure OPIC success on this contract.

About REI Systems, Inc.

REI Systems (http://www.reisys.com) is a leading provider of web-enabled solutions, electronic performance support systems, and knowledge management tools for the Federal Government and the commercial and industrial sectors. Drawing upon our mission to deliver reliable, effective, and innovative solutions – the company works daily to solve complex homeland security, defense, health resources, criminal justice, and aeronautics issues. REI Systems’s support of these issues is strengthened by its results driven approach and commitment to exceeding customer expectations. Since 1989, REI Systems has been serving major corporations and government at all levels. More than 175 employees serve these clients offices based in the Washington, D.C. metropolitan area.

For more information, visit www.reisys.com

CONTACT INFORMATION

Scott Fletcher
sfletcher@reisys.com
Tel. (703) 480-9196
Fax (703) 689-4680