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Photo Science and GIS Solutions, Inc. Jointly Announce the Formation of a Strategic Partnership and the Sale of GIS Solutions, Inc.’s Florida Operations

LEXINGTON, KY - January 4, 2005 – Photo Science, a nationwide, full-service geospatial solutions provider and GIS Solutions, Inc. (GSI), a leading provider of Geographic Information System (GIS) products and services, jointly announced today that they have entered into a strategic partnership agreement that includes the signing of a letter of intent for PSI to purchase the assets of GSI’s Tampa/St. Petersburg, FL business unit. This transaction will be finalized within the next 30 days.

“We are very excited to announce this partnership and for the opportunity to include GSI’s Florida business unit into our growing family” said Photo Science’s President and CEO, G. Michael Ritchie. “The formation of the partnership is the culmination of a very successful history between our two firms and represents our mutual interest in continuing to work together. Also, the addition of GSI’s Tampa/St. Petersburg based personnel will add new technical competence to our team, while greatly enhancing our presence in both the State of Florida and national geospatial markets.”

“The strategic partnership and the sale of our Florida business unit marks a major step in our planned efforts to focus our business on key strategic opportunities” said GSI President, Tim Johnson. “Photo Science will not only provide strong growth opportunities for our valued employees, but, working together as a strategic partner, will enable GSI to position for future growth and expansion.”

About Photo Science: Founded in 1974, Photo Science is a full-service geospatial firm, specializing in aerial imaging and data collection, photogrammetric mapping, GIS, remote sensing, and surveying services. Based in Lexington, KY, and with offices located in Philadelphia, PA; Washington, DC; Bangor, ME; Atlanta, GA; Colorado Springs, CO; and Orlando and St. Petersburg, FL, Photo Science’s 200 member professional and technical staff are devoted to providing high quality geospatial products and services to federal, state, and private sector customers.

About GIS Solutions, Inc.: GIS Solutions, Inc. is a nationally recognized GIS product and services company focused on providing the full spectrum of IT professional services relating to spatial information systems to federal, state, local and private sector clients. Based in Springfield, IL, and with offices in Chicago, IL, GSI specializes in providing custom client solutions for the web and desktop environments including system design and implementation, applications development, system integration, and custom programming. For more information, please visit www.gis-solutions.com.

 

 

Media Contact: Kris Kadlec
Email: kkadlec@photoscience.com
Phone: 301-262-9400

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Lexington, KY 40503

 

 
     

 

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