Exhibit 99
[GTSI Logo]
Government Technology Services, Inc.
4100 Lafayette Center Drive
Chantilly, VA 20151-1200
(703) 502-2000
www.gtsi.com
Contacts:
Stephen Waechter Fern Krauss
Sr. Vice President/CFO GTSI
GTSI (703)502-2054 or
(703) 502-2199 (301) 424-9140
Stephen_Waechter@gtsi.com Fern_Krauss@gtsi.com
GTSI ANNOUNCES RESULTS OF ANNUAL STOCKHOLDERS' MEETING
All Four Proposals Approved
CHANTILLY, VA May 14, 1998 -- Government Technology Services, Inc.
(Nasdaq: GTSI) today announced that all four proposals placed before the
stockholders at the annual meeting on May 12, 1998 were approved. The
stockholders approved an increase of the Company's authorized shares from
10,000,000 to 20,000,000 and approved the conversion of the Series C
Preferred Stock held by BTG, Inc. to common stock. As a result of the
conversion, BTG will receive 3,000,000 shares of GTSI common stock,
representing 30.8% of the outstanding Company stock. BTG's shares are
subject to certain restrictions contained in a standstill agreement. The
stockholders also approved the election of the eight directors nominated by
the Company and the increase by 1,000,000 shares to the Company's stock
option plan.
"I am pleased with the stockholders' support of each management
initiative," said Dendy Young, GTSI's President, CEO and Chairman of the
Board of Directors.
GTSI is the largest dedicated government reseller providing
broad-based information technology solutions. The Company offers access to
over 150,000 information technology products from more than 2,100
manufacturers. Headquartered in the Washington, D.C. metropolitan area,
GTSI employs more than 500 people and provides products and services to
Federal, state and local government customers worldwide.
-30-
GTSI is a registered service mark of Government Technology Services, Inc.
All other trademarks and service marks are proprietary to their respective
owners.