KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Labat-Anderson Incorporated (“Labat”), on May 18th, 2009 by US Investigations Services, Inc.

Based in McLean, VA, Labat is a leading litigation support and information management solutions firm, and leverages its nearly 700 employees to provide such solutions to the Department of Justice and other U.S. Civilian Agencies. KippsDeSanto & Co. acted as exclusive financial advisor to Labat in this transaction.

This transaction represents a number of key trends in government services contracting M&A:

• The M&A market for leading government services firms has materially rebounded over the past few months.
• Given its size, performance, and focus, Labat received very strong market interest (even during recent turbulent market times).
• Like Health IT, Intel, Energy, Cybersecurity, and other “hot” areas, given recent scandals and the overall litigious environment, Litigation Support is expected to be a significant growth area in the future.

KippsDeSanto & Co. is an investment bank focused on delivering M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.

PRESS RELEASE

USIS acquires Labat-Anderson, professional services firm
Labat-Anderson adds new depth to USIS’ solution approach to government market

FALLS CHURCH, Va., May 19, 2009 – US Investigations Services, Inc. (USIS), the largest commercial provider of security investigation services to the federal government, a leading provider of pre-employment screening solutions, and a top provider of information services to the insurance industry, announced today the close of the financial transaction and acquisition of Labat-Anderson, Incorporated, a professional services firm serving government agencies in the areas of litigation support and information systems and services. Terms of the transaction were not announced.

“The Labat-Anderson business and its team of professionals adds to the solutions we provide our government customers and creates additional momentum behind our corporate strategic growth initiatives in the government markets we serve,” said Mike Cherkasky, Chief Executive Officer of USIS. “This is another significant step forward for our growth initiatives in the government sector of our business, adding another suite of solutions that we can deliver to the markets we serve.”

Labat-Anderson, with its more than 700 employees, will operate as a stand-alone division in USIS’ Government Solutions Group (GSG), joining the Investigative Services Division and the National Security Division. With its headquarters in Falls Church, Va., USIS GSG already has more than 6,500 employees that support business operations in all 50 states, U.S. territories, and overseas.

USIS and its controlling stockholder, Providence Equity Partners, are receiving legal advice from Debevoise & Plimpton LLP. Labat-Anderson is receiving financial advice from KippsDeSanto & Co.

“We are looking forward to having the Labat-Anderson team onboard,” said Bill Mixon, president and CEO of USIS’ Government Solutions Group. “Labat-Anderson’s specialized approach to the markets it services fits the solutions approach we use with our government customers. We believe the investments we will make in this business will not only well serve Labat-Anderson’s current government customers, but will help us broaden the range of services we can deliver to our existing government customers. This acquisition marks an important step forward in USIS GSG’s growth strategy.”

According to Walter Malinowski, this business combination also fits the needs of Labat-Anderson and will be a catalyst for its strategic growth. “With this partnership, USIS will invest in our existing capabilities and we will be able to better serve our government customers. USIS provides us with the resources, scale, and functional support needed to enhance our service and solution offerings while maintaining the excellent service levels that our government customers have come to expect.”

“We are confident that the combination of these two great companies will increase the product and service options available to our government customers and they should expect the same superior service to which they are accustomed,” said Mixon. “Labat-Anderson’s great government customer base and leadership team were two reasons that we were interested in this business and saw potential for additional investment and overall growth our core government business.”

Media Contact:
Michael John, 703.637.1694 or michael.john@usis.com

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Established in 1996, USIS (www.usis.com) has more than 7,400 employees that support business operations in all 50 states, U.S. territories, and overseas. The first privatization of a government program into a private sector business, USIS is the largest commercial provider of background investigations to the federal government, a leading supplier of pre-employment screening solutions to commercial businesses, and one of the largest providers of data services to the insurance industry. USIS is headquartered in Falls Church, Va.

This press release contains “forward-looking” statements that involve risks and uncertainties. Forward-looking statements identify prospective information. Important factors could cause actual results to differ, possibly materially, from those stated in the forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking statements speak only as of the date the statements are made. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws.

KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Kadix Systems, LLC, (“Kadix”) by Dynamics Research Corporation. Kadix, based in Arlington, VA, is a rapidly growing, high-end management consulting firm having practice specialties in organizational change, information technology, and public and environmental health. The Company is focused on the U.S. Department of Homeland Security, the National Security Agency, U.S. Marine Corps, U.S. Army, and Federal Civilian markets. KippsDeSanto & Co. acted as exclusive financial advisor to Kadix in this transaction.

This transaction represents a number of key trends in defense and government services contracting M&A:

• Buyers continue to rely on acquisitions to penetrate well-funded, high-growth national security target markets;
• Strong demand for companies at the forefront of high-end strategy consulting and technology implementation convergence that translates into above-average profit potential;
• Buyers and investors are becoming more sophisticated when evaluating and structuring deals involving sellers with Small Business contracts; and
• Demonstrated track-record of growth and expansion within key markets via large agency specific (DHS EAGLE) or government-wide contracting vehicles drive premium valuations.

KippsDeSanto & Co. is an investment bank focused on delivering M&A and financing transaction results for leading, growth-oriented, companies in IT, Defense, Communications, and Government Contracting. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com. We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.

PRESS RELEASE

Dynamics Research Corporation to Acquire Kadix Systems
Acquisition Enhances DRC’s High-End Management Consulting Capabilities and Broadens Presence in Homeland security and Other Critical Federal Markets

ANDOVER, Mass., July 31 /PRNewswire-FirstCall/ — Dynamics Research Corporation (Nasdaq: DRCO), a leading provider of innovative engineering, technology and information technology services and solutions to federal and state governments, today announced it has signed a definitive agreement to acquire Kadix Systems, LLC, a rapidly growing, high-end management consulting firm. Kadix maintains practice specialties in organizational change, human capital, information technology, public and environmental health and learning and organizational development. It is focused on the U.S. Department of Homeland Security (DHS), Marine Corps information technology, military medical health, and federal civilian markets.

“Kadix Systems’ high-end management consulting capabilities fully complement DRC’s current core competencies in IT infrastructure, business intelligence, business transformation and training and enable greater access to key markets that we have targeted for growth,” said Jim Regan, DRC’s chairman and chief executive officer. “We look forward to welcoming Kadix employees to the DRC family of dedicated professionals serving our nation’s highest priorities. We are committed to strategic growth that expands the mission-critical management and consulting work we provide to clients, fosters our long-standing culture of quality and excellence and enhances shareholder value.”

Kadix Systems currently has about 270 employees and is headquartered in Arlington, Va. with additional offices in Greater Washington, Aberdeen, Md., and Fort Sam Houston, Texas — areas that are targeted for significant expansion due to the DOD BRAC. About 95 percent of Kadix’ contracts have been awarded as prime and approximately 40 percent are performance-based.

Doug Layman, Kadix’ President, will be appointed DRC Senior Vice President and Group Manager and continue to lead Kadix’ business operations as a fourth operating unit, reporting directly to Mr. Regan. Mr. Layman said, “We are extremely excited to join the DRC family and leverage our combined capabilities to quickly create stronger expansion with both existing and new customers in target growth markets. DRC provides long-term continuity for our senior management team and expanded professional development opportunities for our employees. With a mutual regard for integrity and an exemplary track record of quality customer service, DRC is a natural fit for Kadix.”

Kadix Systems has outstanding visibility into all DHS program management and management consulting efforts. It is one of two companies to have prime contracts on both the DHS Enterprise Acquisition Gateway for Leading Edge Solutions (EAGLE) contract (functional area 5 — Program Management and functional area 3 — Independent Verification and Validation Services) and DHS Program Management Strategic Sourcing (PMSS) vehicles.

Terms of the purchase agreement include a cash price of $42 million with the potential for additional consideration of up to $5 million, based on the achievement of certain conditions. Kadix Systems, LLC reported revenue and earnings before interest, taxes, depreciation and amortization for the year ended December 31, 2007 of $23.0 million and $3.8 million, respectively. For tax purposes, the transaction will be treated as an asset purchase resulting in tax benefits to DRC, which have an estimated value of $10 million. Concurrent with the transaction, DRC will restructure its credit agreement with its current bank group, which is led by Brown Brothers Harriman & Co. and includes Bank of America and TD Banknorth, into a $40 million term loan and a $25 million revolving credit facility. The transaction is expected to close by early August 2008. KippsDeSanto & Co. is acting as exclusive financial advisor to Kadix in this transaction.

DRC management will further discuss the benefits of this acquisition on its previously scheduled second quarter 2008 earnings conference call to be held at 4:30 p.m. ET today. The call will be available via telephone at, and accessible via Web cast at http://www.drc.com.

About Dynamics Research Corporation

Dynamics Research Corporation (DRC) is a leading provider of mission-critical technology management services and solutions for government programs. DRC offers forward-thinking solutions backed by a history of excellence and customer satisfaction. Founded in 1955, DRC is a publicly held corporation (Nasdaq: DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts; Reston, Virginia; and Fairborn, Ohio. For more information please visit our website at http://www.drc.com.

Forward-Looking Disclaimer
Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Some statements contained or implied in this news release, may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the company,s financial results, please refer to DRC’s most recent filings with the SEC. The company assumes no obligation to update any forward-looking information.

KippsDeSanto & Co. is pleased to send you the attached press release announcing the signing of a definitive agreement for the acquisition of our client, Oberon Associates, Inc., by Stanley, Inc. Oberon is a leading provider of biometrics systems engineering, intelligence community support, and IT and enterprise data management to the U.S. federal government. KippsDeSanto & Co. is acting as financial advisor to Oberon in this transaction.

This transaction represents a number of key trends in defense and government services contracting M&A:

• The M&A market remains extremely vibrant and aggressive – notwithstanding broader capital market volatility – for the best-positioned market leaders;
• High-growth, next-generation technologies, such as biometrics, are highly sought after in the context of today’s defense budget environment and world of evolving national security priorities;
• Companies focused on supporting the intelligence community are at the forefront of industry acquisition criteria; and
• Buyers continue to aggressively position themselves through M&A for mission-critical work that will yield organic growth opportunities.

KippsDeSanto & Co. is an investment bank, headquartered in Northern Virginia, focused on delivering quality M&A and financing transaction results for leading, growth-oriented companies in IT, Defense, Communications, and Government Contracting. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.

PRESS RELEASE

Stanley, Inc. to Acquire Oberon Associates, Inc.

ARLINGTON, Va., June 10 /PRNewswire-FirstCall/ — Stanley, Inc. (NYSE: SXE), a leading provider of systems integration and professional services to the U.S. federal government, announced today that it has entered into a definitive agreement to acquire Oberon Associates, Inc. (Oberon), an engineering, intelligence operations and information technology services company. The purchase price will be approximately $170 million in cash, subject to certain working capital and other adjustments as of the closing date.

The transaction, which is expected to close during Stanley’s fiscal second quarter ending September 30, 2008, is subject to the approval of Oberon’s shareholders and other customary closing conditions, including the receipt of regulatory approvals. Shareholders representing approximately 67 percent of Oberon’s common stock have entered into a voting and irrevocable proxy agreement to vote their shares in favor of the proposed transaction.

Founded in 2002, Oberon provides engineering, operational intelligence and information technology support to multiple elements of the U.S. Army, in addition to the U.S. Air Force, Defense Information Systems Agency, Transportation Security Administration and several agencies throughout the intelligence community. Oberon’s areas of expertise include biometrics systems engineering, integration and operational deployment; intelligence community support; communications engineering; and information technology and enterprise data management. Oberon is headquartered in Manassas, Va., and has more than 600 employees working in 10 regional offices in the United States and seven countries abroad.

Stanley expects Oberon to generate revenue of approximately $80 million in its fiscal year 2008 ending June 30, 2008. Going forward, Stanley anticipates Oberon’s annual revenue will meet or exceed Stanley’s annual organic growth goals of 10 to 15 percent and that the transaction will be accretive to its fiscal year 2009 earnings.

“We are looking forward to welcoming Oberon to Stanley,” said Phil Nolan, Stanley’s chairman, president and CEO. “This transaction is consistent with Stanley’s growth strategy that calls for the development of new customers, contract vehicles and service offerings via mergers and acquisitions. In addition, it reinforces Stanley’s strategy of expanding our presence in key markets positively impacted by the Base Realignment and Closure process. Oberon complements our commitment to delivering the highest quality of support for our customers’ mission-essential programs and fostering an employee- focused culture. We also believe this acquisition will provide meaningful cross-selling opportunities as we seek to continue our strong record of organic growth.”

“We are excited about the opportunity to bring a new, but complementary, set of customers and technical expertise to Stanley,” said Jodi L. Johnson and David L. Young, co-founders of Oberon. “We are also very optimistic that the transition will be a smooth one because of our similar cultures and a mutual urgency to ensure customer satisfaction.”

KippsDeSanto & Co. is acting as exclusive financial advisor to Oberon in this transaction.

Stanley management will conduct a conference call today at 5:00 pm EDT to discuss the Oberon transaction. To obtain the dial-in number, please contact Rashida Gofney at (703) 310-3209. The conference call will be broadcast simultaneously on the Investor Relations page of Stanley’s website, http://www.stanleyassociates.com. Investors are advised to log on to the website at least 15 minutes prior to the call to register, download and install any necessary audio software. An archive of the webcast will be available for one week following the live event.

About Stanley
Stanley (NYSE: SXE) is a provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has approximately 3,700 employees at over 100 locations in the U.S. and worldwide. In 2008 and 2007, Stanley was recognized by FORTUNE(R) magazine as one of the “100 Best Companies to Work For.” Please visit http://www.stanleyassociates.com for more information.

Any statements in this press release about our future expectations, plans and prospects, including statements containing the words “estimates,” “anticipates,” “plans,” “expects” and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2008, as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. We assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

SOURCE Stanley, Inc.

CONTACT: Brian J. Clark, Executive Vice President & CFO, +1-703-310-3236, or Lawrence Delaney, Jr., Investor Relations Counsel, +1-703-739-7410; or Media, Joelle Pozza, +1-703-310-3218, Joelle.Pozza@ stanleyassociates.com, all of Stanley, Inc.