EX-99.1 2 a06-8694_1ex99d1.htm EXHIBIT 99

Exhibit 99.1

 

GTSI Reports Receipt of Nasdaq Staff Determination and
Provides Form 10-K Update

 

CHANTILLY, VA. – April 7, 2006 – GTSIÒ Corp. (NASDAQ: GTSI), today announced that it has received a staff determination letter from The Nasdaq Stock Market stating that because the Company has not filed its Annual Report on Form 10-K for 2005 with the Securities and Exchange Commission (SEC), as required by Market Place Rule 4310(c)(14), GTSI’s common stock is subject to delisting from The Nasdaq National Market. GTSI expects to request a hearing with Nasdaq which would stay the delisting pending the determination of NASDAQ’s hearing panel. While there is no assurance, the Company expects to avoid delisting of its common stock from The Nasdaq National Market by filing its Form 10-K for 2005 with the SEC before delisting would otherwise take effect.

 

Upon filing its Form 10-K, GTSI will issue a press release and host a conference call to discuss the fourth quarter and year-end 2005 results.

 

About GTSI Corp.

 

GTSI Corp. is the leading information technology product and solutions provider, combining best of breed products and services to produce solutions that meet government’s evolving needs. For more than two decades, GTSI has focused exclusively on Federal, State, and Local government customers worldwide, offering a broad range of products and services, an extensive contract portfolio, flexible financing options, global integration and worldwide distribution. GTSI’s Lines of Business incorporate certified experts and deliver exceptional solutions to support government’s critical transformation efforts. Additionally, GTSI focuses on systems integrators on

 



 

behalf of government programs. GTSI is headquartered in Northern Virginia, outside of Washington, D.C. Further information about the Company is available at www.GTSI.com/About.

 

Except for historical information, all of the statements, expectations, beliefs and assumptions contained in the foregoing are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management — including, but not limited to, those relating to revenue, margins, operating results and net income, and the effect of new contracts as well as new vendor relationships — may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors that could cause actual results to differ materially are those listed in the Company’s most recent report on Form 10–K and included from time to time in other documents filed by the Company with the Securities and Exchange Commission.

 

GTSI and GTSI.com are registered trademarks of GTSI Corp. in the U.S. and other countries. All trade names are the property of their respective owners.

 

GTSI Contact:

Paul Liberty

Area Vice President, Corporate Affairs & Investor Relations

703.502.2540

paul.liberty@gtsi.com

 

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