Company Profile: SCB Computer Technology (SCBI)

SCB Computer Technology is a leading provider of information technology management and technical services to state and local governments and commercial enterprises. The Company’s services consist of (1) consulting, which entails the evaluation, design and re-engineering of computer systems, system development and integration, management, quality assurance and technical directions for IT projects, network planning and implementation, and functional expertise and training; (2) outsourcing, which involves systems maintenance, data center management, help desk and technical services; and (3) professional staffing, which includes providing skilled IT staff on an as-needed basis.

After the end of the third quarter of fiscal 2003, SCB acquired all of the outstanding stock of Remtech and announced that it had entered into a non-binding letter of intent to acquire another government information technology professional services company. These acquisitions will enable the Company to increase its outsourcing and consulting business and to broaden its customer base to include agencies of the federal government. Beginning in fiscal 2001 and continuing through fiscal 2002, the Company disposed of several under-performing business units.

Overall revenue was $62.5 million in the first nine months of fiscal 2003 (January 31) with net income of $2.8 million for the nine-month period.