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[ Press Release | July 12, 2005 ]
SPHERIX WINS PENNSYLVANIA STATE PARK RESERVATIONS CONTRACT
BELTSVILLE, MD, Spherix Incorporated (NASDAQ/SPEX), today announced that the Pennsylvania Department of Conservation and Natural Resources has awarded the Firm a 5-year contract worth approximately $8 million to operate a central reservation system for that state's parks.
Pennsylvania becomes the eighth state to choose Spherix's popular ReserveWorld service to manage camping and boating reservations and process permits for whitewater launches at its parks. In total, Spherix now operates 15 park reservation contracts for federal, state, and county clients. Spherix will operate the Pennsylvania project out of its facility in Cumberland, Maryland, where it houses its ReserveWorld projects. The Company expects to recruit a sizable number of nearby Pennsylvania residents to work on the new project in its call center. Spherix will also utilize Diversified Data Systems, a Pennsylvania-based small disadvantaged business, as a subcontractor to assist in this endeavor.
With 117 state parks and 3 conservation areas with facilities containing approximately 7,000 campsites and 300 cabins, Pennsylvania has one of the largest and most diverse state recreation systems in the country. Spherix will build and host Pennsylvania's first-ever website to process state camping reservations, and will also run a toll-free call center and a field system to support all of the in-park sites. In addition to giving Pennsylvania's camping customers expanded ways to make reservations without the fear of double-booking, Spherix's centralized, real-time reservation and point-of-sale system will give DCNR improved financial reporting and inventory management capabilities. The new reservations system, which will include 82 of the 117 state park facilities, is tentatively scheduled to go live in January.
Spherix President Richard C. Levin said, "This is a great win for us. Pennsylvania has a lot of parks, a lot of visitors, and just a lot of activity and money to account for, so its standards are very high. The fact that they chose Spherix over the competition says a lot for the good work that our people have put into building our software, managing our operations, and taking care of our clients over the years. And we know that, in return, Pennsylvania will get the best real-time reservation system in the world."
Read PA DCNR's Press Release
[ For additional information, contact Dave Detar, (301) 722-9108
Email:ddetar@spherix.com ]
Certain statements contained herein are "forward looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission, including the filing on Form 8-K made on March 3, 1999.
Under its motto, "A World of Solutions," Spherix’s mission is to create value and increase shareholder wealth through innovations that benefit our clients and the human condition. Spherix offers innovations in information technology, knowledge management, and biotechnology.
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