NTS Certification Division - NQA, USA - Acquires TRA Certification
CALABASAS, CA – June 1, 2007–National Technical Systems Inc. (NASDAQ: NTSC) (NTS), a leading provider of engineering services, announced today the acquisition of TRA Certification, located in Elkhart, Indiana, by its joint venture company National Quality Assurance, USA (NQA). Terms of the acquisition were not disclosed.
NQA is one of the world’s largest ISO certification bodies, providing services for thousands of industry leaders. This is NQA’s second acquisition in just over 12 months. Combined with the acquisition of
TRA is an established player in the registration industry, in business for over 15 years; it is one of the longest running ISO certification bodies in
“I am delighted to be joining NQA. I have confidence that this established and respected organization will continue to service our customers at the highest level”, commented Tom Arnold, President of TRA Certification.
Kevin Beard, President of NQA stated, “We at NQA are thrilled to have TRA join us. Our two organizations have worked closely together in the past, and I am confident that our history of cooperation will enable us to make this a smooth and seamless transition, for both our organizations and our customers.”
“Adding 400 new customers is significant for both NQA and NTS; allowing us to offer the full breadth of services provided by both to a broader audience, increasing opportunities for revenue growth all around”, stated Bill McGinnis, CEO and President of NTS. Mr. McGinnis went on to say “NQA has been steadily growing its base business over the past year and continues to show strong growth for the future”.
NQA, USA, headquartered in Acton, Massachusetts, was established in 1992 as a joint venture between National Quality Assurance, Limited (headquartered in London, England) and National Technical Systems, Inc. (located in Calabasas, CA, NASDQ: NTSC).
National Technical Systems, Inc. is a leading provider of engineering services to the defense, aerospace, telecommunications, automotive and high technology markets. Through a world-wide network of resources, NTS provides full product life-cycle support, offering world class design engineering, compliance, testing, certification, quality registration and program management. For additional information about NTS, visit our website at www.ntscorp.com or call 800-270-2516.
The statements in this press release that relate to future plans, events or performance, are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for services and products, development of markets for the companies’ services and products and other risks identified in the companies’ SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The companies undertake no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding National Technical Systems' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.