Pendulum Management Company Wins NIST Contract

CHARLESTOWN, Ind.--Feb. 5, 2004--Pendulum Management Company LLC (PMC) announced that it has been awarded a contract with the National Institute of Standards and Technology (NIST) to provide Support Services to the Federal Laboratory Consortium (FLC), Mid-Atlantic Region for fiscal year 2004. Under this contract, Pendulum will provide outreach activities, networking, publicity, conferences and meetings, electronic commerce, financial management and special project support for the Mid-Atlantic region.

The Federal Laboratory Consortium for Technology Transfer is a nationwide network of federal laboratories that provides a forum to develop strategies and opportunities for linking the laboratory mission technologies and expertise with the marketplace. The mid-Atlantic region for the FLC includes Delaware, Maryland, Pennsylvania, Virginia, West Virginia and the District of Columbia. The objective is to accelerate the collaboration between the Federal laboratories and commercial concerns.

"We are grateful for having won this highly competitive solicitation and look forward to using the Pendulum Team to meet and exceed the contract requirements," stated Mr. Sid Saunders, Managing Partner. "Our winning team uses a Network of Advisors with considerable experience in technology transfer, government contract management, and cooperative research projects."

PMC, an asset management company headquartered in Charlestown, Indiana, is dedicated to maximizing the value of government assets and technology. PMC's management team has unique and extensive experience in redeveloping and reusing government real estate and facilities. The management team works closely with government agencies to prepare and commercialize their assets and technologies. PMC has also assisted firms in locating and gaining access to government facilities and equipment to support their commercial efforts.

For more information on the FLC, visit www.federallabs.org. More information on Pendulum Management Company may be obtained through their website (www.pendulumsite.com) or by contacting Mr. Charles Saunders at 850-837-0922, email (ssaunders@pendulumsite.com).