Leading Federal Health IT Executive Appointed to Strategic Advisory Role at DLH
10 Octobre 2023 - 2:00PM
DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the
“Company”), a leading provider of digital transformation,
science research and development, and systems engineering and
integration, today announced that David Affeldt has been appointed
to a strategic advisory role for the Company. In this position, Mr.
Affeldt will provide insight to executive management and the Board
of Directors on a broad range of information technology solutions,
including client services, organic growth, and corporate
development.
Mr. Affeldt is the former President and CEO of Grove Resource
Solutions, Inc. (“GRSi”), which was acquired by DLH in December
2022. He has driven mission results for government and commercial
organizations through applied science and technology over the
course of his 30-plus year career. David has served in various CEO
and CTO capacities for private and publicly traded technology
companies, with portfolios valued as high as $1.1B. Prior to his
private sector career, he served in Technology Architect and
Director roles in the Intelligence Community, as well as CIO and
Technologist roles within the National Institutes of Health.
“We are delighted to engage Dave as a strategic advisor to DLH,
as we continue to expand our technology footprint through
innovative application of proven capabilities. We believe Dave’s
deep understanding of technology applicable to government health
missions coupled with his entrepreneurial drive will substantially
impact DLH at the enterprise level,” stated Zach Parker, DLH
President and CEO.
About DLHDLH (NASDAQ:DLHC) delivers improved
health and readiness solutions for federal programs through
research, development, and innovative care processes. The Company’s
experts in public health, performance evaluation, and health
operations solve the complex problems faced by civilian and
military customers alike, leveraging digital transformation,
artificial intelligence, advanced analytics, cloud-based
applications, telehealth systems, and more. With over 3,200
employees dedicated to the idea that “Your Mission is Our Passion,”
DLH brings a unique combination of government sector experience,
proven methodology, and unwavering commitment to public health to
improve the lives of millions. For more information, visit
http://www.DLHcorp.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995:This press release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
relate to future events or DLH’s future financial performance. Any
statements that refer to expectations, projections or other
characterizations of future events or circumstances or that are not
statements of historical fact (including without limitation
statements to the effect that the Company or its management
“believes”, “expects”, “anticipates”, “plans”, “intends” and
similar expressions) should be considered forward looking
statements that involve risks and uncertainties which could cause
actual events or DLH’s actual results to differ materially from
those indicated by the forward-looking statements. Forward-looking
statements in this release include, among others, statements
regarding estimates of future revenues, operating income, earnings
and cash flow. These statements reflect our belief and assumptions
as to future events that may not prove to be accurate. Our actual
results may differ materially from such forward-looking statements
made in this release due to a variety of factors, including: the
risk that we will not realize the anticipated benefits of our
acquisition of GRSi or any other acquisitions (including
anticipated future financial performance and results); the
diversion of management’s attention from normal daily operations of
the business and the challenges of managing larger and more
widespread operations resulting from our recent acquisition; the
inability to retain employees and customers; contract awards in
connection with re-competes for present business and/or competition
for new business; our ability to manage our increased debt
obligations; compliance with bank financial and other covenants;
changes in client budgetary priorities; government contract
procurement (such as bid and award protests, small business set
asides, loss of work due to organizational conflicts of interest,
etc.) and termination risks; the ability to successfully integrate
the operations of GRSi or any future acquisitions; the impact of
inflation and higher interest rates; and other risks described in
our SEC filings. For a discussion of such risks and uncertainties
which could cause actual results to differ from those contained in
the forward-looking statements, see “Risk Factors” in the Company’s
periodic reports filed with the SEC, including our Annual Report on
Form 10-K for the fiscal year ended September 30, 2022, as well as
subsequent reports filed thereafter. The forward-looking statements
contained herein are not historical facts, but rather are based on
current expectations, estimates, assumptions and projections about
our industry and business.
Such forward-looking statements are made as of the date hereof
and may become outdated over time. The Company does not assume any
responsibility for updating forward-looking statements, except as
may be required by law.
INVESTOR RELATIONSContact:
Chris WittyPhone: 646-438-9385Email: cwitty@darrowir.com
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