*Rockville, MD – (May 11, 2009) AllianceCorp (www.alliancecorp.net) AllianceCorp based in the nation’s capital announced today that it received a competitive contract award from the Federal Reserve- Board of Governors, Washington, DC. This contract is for engaging AllianceCorp to provide HR services in five functional areas for a period of 4 (four) years. Sam S. Bedi, AllianceCorp’s President commented, “We are very pleased with being awarded this contract by the Federal Reserve- Board of Governors, Washington, DC and for being recognized for our capabilities in the Human Resources field and to provide skilled personnel to assist with employee relations projects and specific tasks related to: (a) Climate assessment assistance (b) cultural change management (c) team building (d) team building (e) mediation and (f) job coaching. The Award is a very important step for us in broadening our current customer base to the federal government.” About the Board of Governors-Federal Reserve System (Board) The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. There are 12 Federal Reserve Banks located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. Each reserve Bank is responsible for member banks located in its district. The Federal Reserve plays an important role in the U.S. payments system. The twelve Federal Reserve Banks provide banking services to depository institutions and to the Federal Government. About AllianceCorp AllianceCorp is an entrepreneurial and innovative privately held firm based in Rockville, MD. AllianceCorp provides business and technology services and solutions in the following key areas: Strategic Consulting, Information Technology, Human Resources, Instructor- led Training and Staff Augmentation. AllianceCorp is an SBA-certified minority-owned, small business. For additional information, refer to www.alliancecorp.net