REI Systems Awarded $190,000 Overseas Private Investment Corporation Contract


FOR IMMEDIATE RELEASE:

REI Systems to support the Office of the Chief Information Officer in the development of a Disaster Recover and Continuity of Operations Plan

Annandale, VA – June 8, 2007 - REI Systems (REI) announced today that it was awarded a contract by the Overseas Private Investment Corporation (OPIC), Office of the Chief Information Officer (OCIO), to develop a Disaster Recovery and Continuity of Operations Plan (DR-COOP) to ensure reasonable continuity of sensitive applications should normal operations be interrupted. The 4-month contract is worth US$190,000. Under the terms of the contract, REI will conduct an operational analysis, risk and business impact analysis, document existing systems, assess tolerance for downtime, establish and document recovery teams, and finally publish, test, and delivery the DR-COOP plan. As part of this contract, REI will also evaluate the existing Oracle database environment and address any vulnerability identified.

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.

“REI welcomes this opportunity to support OPIC in their DR-COOP planning and preparedness. An essential element of any customer focused organization is its ability to operate when there is an interruption of normal IT system operations. We have assembled a talented team to work in partnership with the OPIC OCIO to develop, test, and implement a plan to provide continuity for OPIC customers should unanticipated problems arise.” says Veer Bhartiya, REI Systems President. “This contract demonstrates our continued focus to diversify both our service offerings as well as partner with new agencies – two strategic goals for REI.”

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) 256-2245 x 13
Fax (703) 256-9372




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