ACS Awarded Arkansas Electronic Benefits Transfer Contract

DALLAS, May 30 /PRNewswire-FirstCall/ -- ACS (NYSE: ACS), a premier provider of business process and information technology outsourcing solutions, announced today it has been awarded a contract by the Arkansas Department of Human Services, Division of County Operations, to provide a full-service, high-performance electronic benefits transfer (EBT) solution. The contract runs from April 2003 through June 2004, with six one-year renewals. Estimated contract value over the seven years is $15.4 million, including start-up. A leader in EBT services, ACS will fulfill the contract with its Electronic Payment Processing and Information Control (EPPIC(TM)) system, a state-of-the-art software application written in JAVA. EPPIC offers the EBT marketplace unprecedented features, including a Web browser interface, on-line reporting features and Internet access for clients and retailers to review their accounts and transactions. Using EPPIC, ACS will design, implement, and operate the EBT system to process food stamp and Temporary Aid for Needy Families benefits. ACS will train recipients to use the EBT system, and recruit and train retailers in program participation. Other services provided under the contract include administrative staff training, client help line services, account settlement and network communications. Through its EPPIC solution, ACS is expanding its share in the growing $1 billion EBT market. States have implemented EBT, a debit-card system for food-stamp recipients, to comply with federal government requirements. ACS currently delivers services under multiple EBT contracts and subcontracts. "ACS offers a proven business model in its EBT solution," said John Brophy, Group President of ACS State and Local Solutions. "We offer the best choice in electronic service delivery in the market today, enabling Arkansas families to receive their benefits faster and more efficiently, and the state to benefit from our system's open architecture, which is built to accommodate future needs. Both will benefit from our solution's unequaled security and reliability." ACS, a Fortune 500 company with more than 40,000 people supporting operations in nearly 100 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com . The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including the most recent Form 10-K. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.