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Valkyrie Enterprises Inc. Purchases ROLANDS & ASSOCIATES Corporation

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Changes are taking place at ROLANDS & ASSOCIATES Corporation (R&A). R&A was incorporated in 1983 and since its inception the owners, Jay and Ellen Roland, have been fully committed to providing the most cost effective and robust joint wargaming system to the U.S. Government, the North Atlantic Treaty Organization (NATO), and our nation's coalition partners around the world. Jay, as President, has guided the company from its initial concept to a software develoment company that successfully and extensively supports users around the world.

Jay and Ellen have always said that as long as they were healthy, they would continue to make the Joint Theater Level Simulation - Global Operations (JTLS-GO) a simulation system that can support both Computer Aided Exercises at the operational level of war, and the analysis of Operation Plans or Concept Plans. Jay and Ellen are both still healthy and active, but over the last few years they have received extensive business advice that waiting until something bad happens is not the way to have the company successfully transition into its next phase.

Over the last year, Jay and Ellen have been considering how a transition will work. They interviewed several companies and are proud to announce that Valkyrie Enterprises Inc., an employee owned company located in Virginia Beach, Virginia, has agreed to purchase R&A. Valkyrie is committed to keeping the entire successful R&A team intact; therefore, there should be no change in the company's responsibility to clients and client organizations. At the same time, both corporations are looking forward to the opportunities that can lead to the mutual growth of each company.

Valkyrie Enterprises Inc. employs over 750 personnel, located world-wide, and provides a full range of professional, engineering, information technology, and technical services to the Department of Defense and the federal government. R&A will become a wholly owned subsidiary of Valkyrie, and will continue to exist in its own right. Jay will be retiring and Ellen will take over the leadership of the company. At the same time, she will continue in her position as the Senior Software Engineer on the JTLS-GO Development Team. That will be a tall order to fill, but already the entire R&A management team has come to depend on Valkyrie management for valuable business advice and contacts.

R&A is looking forward to the planned release of JTLS 6.1 in September and the continued improvement to the system. NATO has agreed to support six improvements next year, and JS/J7 has indicated their plans are to expand the representation of space operations. If you have any questions or concerns, Ellen will be happy to go into more detail with you, but be assured that Valkyrie would not have purchased R&A unless they were dedicated to the R&A vision and the JTLS-GO system.