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NEWS RELEASEFor Immediate Release |
| Contact: Nancy Beaton 913-754-7054 nbeaton@nicusa.com |
OLATHE, Kan., Ð September 4, 2009 Ð eGovernment provider NIC Inc. (NASDAQ: EGOV) today announced the resignation of Jeff Fraser, Chairman Emeritus, as a director, effective immediately.
When Mr. Fraser retired as Chief Executive Officer of the company in February 2008, he expressed confidence in the leadership of Harry Herington as his successor.
ÒMy confidence in Harry has been well placed as evidenced by the recent major win in entering into a seven-year portal contract with the state of Texas. In addition, Bill Lyons joining as a director has further strengthened the board and will leave the company with its traditional number of seven directors,Ó said Fraser. "I can now devote my time to pursuing my many other interests knowing that my significant ownership stake in the company will continue to be in very good hands."
Mr. Fraser continued, ÒEighteen years ago, Ross Hartley and I started the first company in what would later become NIC, in a small rented apartment in Topeka, Kan, with a maxed-out credit card, a bartered Internet access node, and a single state contract for a brand-new concept called a Ôself-fundedÕ state information computer dial-up service. Today, NIC has self-funded Internet portal contracts with 23 state partners including our original one, has been publicly traded for ten years, and has annual revenues of $130 million. I want to thank all NIC employees and partners for making the dream come true for Ross and me.Ó
"We thank Jeff for his strategic vision and leadership at the helm of NIC and as a member and former chairman of our board of directors," said Harry Herington, Chairman of the Board and Chief Executive Officer. "We are extremely grateful for his many contributions to the industry and in making NIC the leading eGovernment company.Ó
About NIC
NIC manages more eGovernment services than any provider in the world. The company helps government communicate more effectively with citizens and businesses by putting essential services online. NIC provides eGovernment solutions for 3,900 state and local agencies that serve more than 97 million people in the United States. Additional information is available at www.nicusa.com.
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