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August 13, 2009 — U.S. Coast Guard Selects KGS to Document Property Valuation

KGS was awarded a contract on July 29, 2009, to provide additional assistance with implementation of the U.S. Coast Guard Financial Strategy for Transformation and Audit Readiness (FSTAR). Under this new contract, KGS will assist in verifying that capitalized small boats, aircraft, and vessels listed as fully-depreciated in the core accounting system have accurate dates in service, useful lives, and audit-compliant documentation, and that they have been fully depreciated. KGS will fully document and report findings requiring changes on an as-discovered basis.

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