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VTEC SYSTEMS ESTABLISHES HEADQUARTERS IN TECH CENTER
-- Dynamic systems integration firm relocates to Fairfax, Virginia to capture improving IT services market --

FAIRFAX, VA, January 31, 2002 – VTEC Systems LLC has moved its corporate headquarters to Sherwood Plaza in Fairfax, Virginia. A woman-owned, small business, VTEC provides system design, development and implementation services for Oracle® ERP applications to Fortune 1000 companies, non-profit organizations and government agencies.

"While many organizations have scaled back their operations, we have experienced continued growth and interest in our technical services," stated Lynne Celia, president and CEO at VTEC Systems. "We decided to establish our headquarters in a location that is convenient for our customers and central to attracting highly talented technical professionals."

"Our associates are highly skilled in Oracle Financial and Manufacturing applications, as well as systems engineering, eBusiness applications, custom development and database administration," added Daney Xavier, vice president and chief technical officer for VTEC Systems. "We deliver the full range of services to deploy highly complex systems and mission critical applications."

"We are well positioned to take advantage of the increased demand for IT services," continued Ms. Celia. According to the IT Services Industry Pulse survey conducted for ITAA by INPUT, 76% of executives expect to see increased demand for IT services within the next 3 months, while 88% believe that demand will improve within the next year. Results are based on interviews with 24 IT services executives representing firms with annual revenues from several million dollars up to over $1 billion.

VTEC recently received its certification as a woman-owned, small business from the Commonwealth of Virginia. For a tour of VTEC’s new offices or to learn more about VTEC Systems, please call 703.934.8195. A new web site will be launched in the first quarter of this year at www.vtecsystems.com.