ActioNet Awarded Housing and Urban Development (HUD) Office of Housing and Office of the Chief Information Officer (CIO) Information Technology Support Services Contract

Vienna, VA – July 24, 2014

ActioNet, Inc. announced today the award of the HUD, Office of Housing and Office of the Chief Information Officer (CIO) IT Support Services contract that supports the Federal Housing Administration (FHA) Single Family insurance business. ActioNet will assist with the steady-state operation, maintenance and enhancement of the following automated systems: Single Family Neighborhood Watch (SFNW), Single Family Housing Enterprise Data Warehouse (SFHEDW), Albany Financial Operations Center System (AFOCS) and the Credit Alert Interactive Verification System (CAIVRS). These systems support the primary purposes and mission of the Office of Single Family Housing to expand and maintain affordable homeownership opportunities, on an actuarially sound basis for those that are un-served or under-served by the private market, and to provide a consistent, stabilizing force in the home financing market. Single Family Housing is responsible for the overall management and administration of the Federal Housing Administration (FHA) Single Family mortgage insurance programs. Activities of the Office include approving mortgagees for FHA participation, and providing them with instructions on how to originate, close, service and foreclose on mortgages, as well as provide loss mitigation assistance to mortgagors. These functions are carried out through a Headquarters Office and four Homeownership Centers, which are located in Atlanta, Denver, Philadelphia, and Santa Ana.

About the Department of Housing & Urban Development (HUD)

HUD's mission is tied to the Housing Act of 1949 and the directive to create “a decent home and suitable living environment for every American family.” Building on this founding mandate, HUD continues to develop and preserve quality, healthy, and affordable homes, with a clear focus on the need for decisions about owning or renting that are financially appropriate to the individual or family. HUD delivers on their commitment towards community development, recognizing the importance of place in shaping the lives of the American people. This commitment includes a focus on the physical, social, economic, and environmental sustainability of American communities. In addition, HUD undertakes this housing and community development mission with an eye toward ensuring choice and opportunity for all people pursuing the promise of a better life. HUD's vision is one in which strong housing and communities —the core focus of HUD's mission— result in a better quality of life and the fulfillment of the promise that America holds, for all people. The URL is www.hud.gov

About ActioNet, Inc.

ActioNet, Inc., headquartered in Vienna, Virginia, is an SEI CMMI® Level 3, ISO 20000, ISO 27000, ISO 9001, HDI-certified, woman-owned IT Engineering Services Firm with strong qualifications and expertise in Cloud-based Solutions, Cyber Security and Agile Software Engineering. As a Mission-Focused, Client-Centric and Results-Driven organization, ActioNet also follows the Project Management Institute (PMI) methodology as well as Information Technology Infrastructure Library (ITIL) standards. ActioNet has outstanding past performance, as evidenced by our "Exceeds Customer Expectations" rating from Dun & Bradstreet and a 92 out of 100 rating from Open Ratings. ActioNet holds the highest 5A1 Financial Rating from Dun & Bradstreet. ActioNet was designated one of the Best Workplaces for Commuters℠ by the Fairfax County Department of Transportation (FCDOT) 2013 -2014. Most recently, ActioNet was awarded the 2014 National Capital Corporate Growth Award, the highest of the growth categories, by the Association for Corporate Growth (ACG) and selected as one of the "Washington Post Top Workplaces 2014".

For more information, please visit our web site at www.actionet.com

Contact:

Michelle Barnes, 703-204-0090 Ext. 102, BD@actionet.com