VeeMost Technologies Announces E-Rate Wins, New Vendor Partnerships, and Contracts with a Government Services Provider in the Defense Sector
Rhea-AI Summary
VeeMost Technologies (OTC: GDVM) has announced several significant business developments. The company has secured nine E-Rate bids to provide technology solutions for schools, with more contract awards expected soon. Additionally, VeeMost has obtained multiple contracts with a defense industry company, expanding its presence in the national security sector.
The company has formed new strategic partnerships with Vertiv, Nutanix, and Lenovo to enhance its IT solutions portfolio. VeeMost has also initiated the GSA Schedule approval process, partnering with Government Services Exchange (GSE) to facilitate certification for accessing government contracts.
CEO Melvin Ejiogu received a Lifetime Gratitude Award at a Cleveland educational institution's 50th Gala Celebration for contributions to education technology, highlighting the company's commitment to the education sector.
Positive
- Won nine E-Rate contracts in education sector with more expected
- Secured multiple defense industry contracts
- Established new partnerships with major vendors (Vertiv, Nutanix, Lenovo)
- Initiated GSA Schedule approval process for government contract access
Negative
- None.
News Market Reaction
On the day this news was published, GDVM gained 77.55%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Red Bank, NJ, March 14, 2025 (GLOBE NEWSWIRE) -- VeeMost Technologies Inc. (OTC: $GDVM) is pleased to announce several key business achievements, reinforcing its commitment to growth and innovation in the IT and cybersecurity sectors.
Major E-Rate Wins Strengthen Position in Education Sector
VeeMost has successfully won Nine E-Rate bids to provide technology solutions for schools, with additional contract awards expected in the coming weeks. This marks a significant step forward in the company’s continued success within the E-Rate program, which enables schools and libraries to access affordable IT infrastructure and cybersecurity solutions.
“As an experienced technology provider in the education sector, we are proud to support schools with the critical IT services and products they need to enhance learning environments,” said Mr. Ejiogu, President at VeeMost. “These wins validate our expertise and position us for continued success as more E-Rate funding is allocated.”
Expansion into the Defense Industry
VeeMost has also secured multiple contracts with a defense industry company, strengthening its role in providing secure, high-performance IT solutions to critical infrastructure and national security sectors. These deals mark an important milestone as the company expands its capabilities to serve defense and government-related clients.
New Vendor Partnerships with Vertiv, Nutanix, and Lenovo
To enhance its portfolio of solutions, VeeMost has established new strategic partnerships with vendors such as Vertiv, Nutanix, Lenovo and more. These partnerships will allow the company to continue to provide cutting-edge IT, cloud, and infrastructure solutions to its clients, including businesses, government agencies, and educational institutions.
“With the addition of these key partners, we are positioned to deliver even more comprehensive and scalable solutions to our customers,” said Mr. Ejiogu. “Our goal is to continuously expand our offerings and meet the evolving needs of our clients.”
Progress Toward GSA Schedule Approval
VeeMost has officially begun the process of obtaining a GSA Schedule contract, which will provide direct access to federal, state, and local government contracts. To streamline this process, VeeMost has engaged the services of Government Services Exchange (GSE), a leading consulting firm specializing in helping businesses obtain GSA certification and secure government contracts.
“GSE has an outstanding track record of guiding companies through the GSA approval process, and we are confident that their expertise will help us achieve certification efficiently,” said Mr. Ejiogu. “The GSA Schedule is a key part of our long-term growth strategy, opening doors to significant government business opportunities.”
CEO Honored with Lifetime Gratitude Award at Prestigious Gala
VeeMost Technologies is also proud to announce that Mr. Melvin Ejiogu was honored with a Lifetime Gratitude Award at the 50th Gala Celebration of a leading educational institution in Cleveland, Ohio, for contributions to education technology. This recognition highlights the company’s deep commitment to supporting schools through cybersecurity, networking, and IT infrastructure solutions.
“This recognition underscores the impact VeeMost has had on the education sector, not just as a service provider but as a true partner in shaping the future of learning,” said Mr. Ejiogu. “It reflects our dedication to making a meaningful difference in communities through technology.”
Looking Ahead
With multiple contract wins, new contracts in a key sector, strong vendor partnerships, and progress toward GSA certification, VeeMost Technologies continues to execute its vision for expansion. The company remains committed to delivering cutting-edge IT solutions and driving value for its shareholders.
For more information about VeeMost Technologies, please visit www.veemost.com.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
CONTACT:
VeeMost Technologies Inc.
info@veemost.com
FAQ
How many E-Rate bids has VeeMost Technologies (GDVM) won in their latest announcement?
Which new vendor partnerships has GDVM secured in March 2025?
What steps is GDVM taking to expand its government contracting opportunities?
How is GDVM expanding into the defense sector?
