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Juneau Alaska, July 11, 2007 -- Evolving from a heritage in timber industry in Hobart Bay, Alaska, an Alaskan-owned Native Corporation, Goldbelt Inc., has recently established Goldbelt Government Services Group (GGSG). Goldbelt Government Services Group will manage the growth of Goldbelt's small business subsidiaries which primarily support the state and federal sectors. Goldbelt Government Services Group will be located in Oaks, Pennsylvania which will allow for more centralized access to the subsidiaries and the major client sites which are located in the Mid-Atlantic and Northeast. Mr. Joseph T. LoCasale, P.E., the newly appointed vice president of Goldbelt Government Services Group, and former president of Goldbelt Eagle, LLC says "we are not merging the subsidiaries, but are utilizing the skills and experience of Goldbelt's senior executives to mentor the subsidiaries to help capture new and more challenging contracts."
Goldbelt Government Services Group will coordinate business strategy for Goldbelt's 8(a) subsidiaries. The primary business of these 8(a) subsidiaries include facilities management ,construction, vehicle and IT equipment leasing, military training, personnel placement, logistical support and aerospace engineering. Current federal clients include the Department of Defense, Department of Energy, Department of Homeland Security, and NASA amongst other federal and state agencies. Doing business with Goldbelt has allowed for government clients to acquire services at a fair price while providing streamlined procurement mechanisms through which clients can gain prompt award of a sole source contract without dollar limitation.
Mr. William J. (Jack) Silvey was recently appointed president of one of the fastest growing subsidiaries, Goldbelt Eagle. Goldbelt Eagle has several government contracts, including site operations support and facility management for the Department of Energy's National Energy Technology Lab. Mr. Silvey is thrilled and says "working with Goldbelt Eagle offers a uniquely satisfying combination of support to key government programs in Energy, Defense and Homeland Security, while providing social and economic benefits to Alaskan Native Peoples"
Founded in 1973, Goldbelt has annual revenues of $74M per year and subsidiary profits are distributed to 3200 Native Alaskan Shareholders. Along with government services, Goldbelt has business in tourism and is the largest provider of entertainment to visitors in Southeast Alaska. The establishment of the Goldbelt Government Services Group will enhance the business portfolio of this diversified Alaskan Native Corporation. For more information, see www.goldbelt.com
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