VCMP: Receives Service Pact w/Dept. of Veterans Affairs [delayed]
Ridgeland, MS, MAR 15, 2006 (EventX/Knobias.com via COMTEX) -- VCampus Corporation (VCMP) was awarded a renewal contract for VCampus to continue to provide technology and services to support the U.S. Department of Veterans Affairs (VA) online training initiatives. The initial value of the renewal contract is approximately $1.5 million in the first year with three annual renewal options that bring the potential total contract value to approximately $5.6 million.
Under the renewal contract, VCampus will continue to design, deploy and host VA Learning Online (VALO), an online learning environment that makes courses, including VCampus� certification preparation and other courses from its library, readily available to nearly a quarter of a million VA employees worldwide The VCampus Enterprise Knowledge Platform and courses offered under this program are in compliance with Section 508 of the Federal Rehabilitation Act. Under the terms of the renewal, the VA is able to expand the audience for the courses that are provided under the contract to include volunteers, medical residents, and veterans who are engaged in official VA programs. This expanded audience for VCampus� services is estimated to be in excess of 450,000 people. The incremental revenue for this expanded audience will be in addition to the approximate $1.5 million base value of the contract renewal.
VCampus was awarded this renewal contract as a subcontractor to Amer Technology, Inc. under FasTrac, a federal government contracting vehicle for learning solutions. Through FasTrac, VCampus provides a wide range of learning technologies and courses to government agencies. The VCampus FasTrac solutions meet multiple federal training requirements and provide online preparation for certifications and continuing education units in information security, project management and federal contract management.