Contact: Eileen Cassidy Rivera
Vice President Communications
eileen.rivera@vangent.com
VANGENT, INC. ANNOUNCES FIRST QUARTER 2007 FINANCIALS
Arlington, VA,
July 18, 2007 - Vangent, Inc., a leading global provider of information management and business process outsourcing services, today released its first quarter 2007 financials.
“There were two significant events during the first quarter,” stated Mac Curtis, President and Chief Executive Officer of Vangent. “First, we closed the sale of our business to Veritas Capital and completed many of the actions necessary to operate as a standalone company. Second, we transitioned to our new contract with the Centers for Medicare & Medicaid Services as the sole provider of the 1-800-MEDICARE Help Line.”
“Overall, we are pleased with the results of the first quarter as they were consistent with our expectations,” Curtis stated.
This press release with accompanying MD&A and financials is a follow-up to an announcement sent earlier today.

Vangent reviewed the full earnings results for the first quarter of 2007 today at 11 am EDT. A replay of the earnings call can be heard after 5 p.m. on July 18, 2007 until August 1, 2007. To hear the replay, dial (800) 642-1687 and enter the same conference ID # 6821223. For interested parties outside the U.S. and Canada, dial (706) 645-9291 and enter the same conference ID#.
About Vangent, Inc.
With over 5,000 employees worldwide, Vangent, Inc. (VANGNT) is a global provider of Consulting, Systems Integration, Human Capital Management and Business Process Outsourcing services to the U.S. federal and international governments, higher education institutions and corporations. Pearson Government Solutions was acquired by Veritas Capital on February 14, 2007 and changed its name to Vangent, Inc. Clients include the Centers for Medicare & Medicaid Services, the U.S. Departments of Defense, Education, Health and Human Services, Justice and Labor; the Equal Employment Opportunity Commission and the U.S. Office of Personnel Management, as well as Fortune 500 companies.
Headquartered in Arlington, Virginia, the company has offices throughout the U.S. and in the U.K., Canada, Mexico, Venezuela and Argentina.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are those that do not relate solely to historical fact. They include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "projects," "likely," "will," "would," "could" and similar expressions or phrases identify forward-looking statements. All forward-looking statements involve risks and uncertainties. The occurrence of the events described, and the achievement of the expected results, depend on many events, some or all of which are not predictable or within our control. In light of these risks and uncertainties, expected results or other anticipated events or circumstances discussed in this press release might not occur. We undertake no obligation, and specifically decline any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.




Please view Part 2 of this press release: "Management's Discussion and Analysis Of Financial Condition and Results Of Operations." (PDF file)
|