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WidePoint Corporation (WYY) Utilizing Unparalleled Industry Experience to Remain atop the Cybersecurity Market

In 2014, the number of detected cyberattacks skyrocketed by 48 percent, costing companies in a variety of industries more money than ever before. This year, PricewaterhouseCoopers predicts that digital security issues will remain a major concern for businesses, with a forecast 117,339 attacks occurring each day. With the cybersecurity market becoming more vital with each passing month, WidePoint Corporation (NYSE MKT: WYY) is in a strong strategic position to expand its market share and provide increased shareholder returns.

WidePoint is a leading provider of managed mobility services, telecom lifecycle management, and cybersecurity solutions. The company’s revolutionary approach to certificate-based security and associated consulting services has allowed WidePoint to differentiate itself from the competition, establishing a foothold in the competitive cybersecurity field while consistently meeting the evolving demands of the industry.

Since 1998, WidePoint has grown through the merger of highly specialized regional IT consulting firms. Following this innovative business model, the company has united decades of experience and fluency across a collection of technologies in order to provide an unparalleled array of solutions to meet customer needs.

During the first quarter of 2015, WidePoint leveraged its unique position within the cybersecurity industry, recording an 84 percent year-over-year increase in net revenue, and the company’s expanded presence in the government sector should help position WidePoint for sustained financial improvement. With the renewal of a task order from the Department of Homeland Security (DHS), which is valued at approximately $17 million over three years, the company is establishing channels to realize continued growth for the foreseeable future.

“We were pleased with our results in the first quarter of 2015 with slightly higher revenues than we had expected,” stated Steve L. Komar, Chief Executive Officer of WidePoint. “We remain on plan to continue to expand our DHS task order awards… while continuing our efforts at expanding our state/local and commercial footprints.”

While WidePoint’s biggest moves during the first quarter were in the government sector, the company also made strides towards growth in the commercial market. In addition to initiating work with an AT&T large financial services client regarding its next-generation identity management offerings, WidePoint continued to work closely with leading device manufacturers in expectation of booking initial revenues based on its Certificate-on-Demand™ digital certificate validation service during the second quarter of this year.

Under the direction of a seasoned management team with over 140 years of combined industry experience, WidePoint is in a strong position to continue expanding its impact on the cybersecurity industry moving forward. For prospective investors, the company’s recently released financial results provide an intriguing glimpse into WidePoint’s potential for offering sustained returns in the years to come.

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