CybeRelease: (OTC: TCNH) Announces New $3.2 Million Contract

EOIR Technologies' ongoing NVESD Omnibus contract may provide a maximum ceiling amount of up to $80 million in fiscal year revenues.

[ClickPress, Tue Mar 07 2006] Technest Holdings, Inc. (OTC BB: TCNH), a defense and homeland security company transforming advanced laboratory technology into real-world products, recently announced that its wholly owned subsidiary EOIR Technologies Inc. has received a new contract and incremental funding from the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) for remote sensor technology products and engineering services totaling $3.2M.

EOIR Technologies' ongoing NVESD Omnibus contract may provide a maximum ceiling amount of up to $80 million in fiscal year revenues. The omnibus contract Option Year Four was awarded on July 15, 2005. Since that date, EOIR Technologies Inc.'s omnibus contract awards total $34.7M. For more information, go to http://www.cyberelease.com/tcnh3706.htm.

CybeRelease Gainers are Fibernet Telecom Group, Inc. (Nasdaq: FTGX), Avanex Corporation (Nasdaq: AVNX), Endwave Corporation (Nasdaq: ENWV), Finisar Corporation (Nasdaq: FNSR), Boston Communications Group, Inc. (Nasdaq: BCGI), MRV Communications, Inc. (Nasdaq: MRVC) and American Pacific Corporation (Nasdaq: APFC).

CybeRelease Losers are Exide Technologies (Nasdaq: EXFO), Redback Networks Inc. (Nasdaq: RBAK), Aksys, Ltd. (Nasdaq: AKSY), Pinnacle Airlines Corp. (Nasdaq: PNCL), Allos Therapeutics, Inc. (Nasdaq: ALTH), Myogen, Inc. (Nasdaq: MYOG) and Oralabs Holding Corp. (Nasdaq: OLAB).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $695.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.

Contact:
C. P. Barry
Company: CybeRelease
Phone: 1.888.478.7669
Source: CybeRelease.com

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