Technology Associates International Corporation announced today, the implementation of an Employee Stock Ownership Plan (ESOP) to expand its employees’ ownership. It is intended that virtually all 400 employees will be eligible to participate in the plan that will be 100 percent funded by the Company. The ESOP has initially acquired 30 percent of the Company. The ESOP shares will be allocated to employee accounts over a number of years.

“The ESOP will add significantly to our current benefits and to our commitment to employee ownership,” stated Walt Oleski, President and CEO of Technology Associates International Corporation. “We encourage employee ownership and involvement with the growth of the company. Studies have consistently shown that employee-owned companies outperform their peers.”

Technology Associates is a technical, professional services company providing state-of-the-art solutions to government and commercial clients. Founded in 2001, our services include custom-engineered solutions that integrate with the latest technology, resulting in advanced information technology systems; business and management consulting services to assess client needs and reengineer processes; and strategic and tactical program expertise to support continuity and provide comprehensive oversight for mission-critical initiatives. Technology Associates partners with government and commercial agencies that require development of systems, such as communication systems, asset management, network deployment and engineering services, power and energy management solutions, portal applications, command and control, and geospatial information systems (GIS) to operate more efficiently and profitably. For more information, visit http://www.taic.net.

If you would like more information please contact Paulina Roberts at (760) 603-1195 ext. 1166 or .(JavaScript must be enabled to view this email address).