KIHOMAC recognized by SBA DC Office as most successful 8(a) Firm in Transition

19 March 2010

ALEXANDRIA, Virginia (March 19, 2010) – The Small Business Administration has recognized KIHOMAC as the Metropolitan Washington District of Columbia area most successful 8(a) firm in the transitional stage.  KIHOMAC’s CEO, Mr Ki Ho Kang, has been chosen to present his firm’s success story at a National Press Club Webinar broadcast on June 2nd, 2010.

This recognition is part of the Small Business Administration’s Smart Business Development Advisor program that educates small disadvantaged businesses on how to start, grow and succeed.  The purpose of the 8(a) Business Development Program is to assist small socially and economically disadvantaged business concerns in competing in the American economy.  The 8(a) program is nine years long and is divided into two stages:  a four-year development stage followed by a five-year transitional stage.  The transitional stage is acknowledged as being the most difficult portion of the program to navigate.

Transition requires the 8(a) firm to make substantial and sustained efforts to enter the competitive marketplace and achieve specified targets of non-8(a) contract revenue that accrues from other than sole source contracts.  These competitive revenue targets start with 15% of total revenue in the first year of transition and end with 55% at graduation, or end of year 5.

Mr. Kang focused KIHOMAC’s competency towards sustainment of complex aerospace systems.  The company has grown steadily at an annualized grow rate of over 130%, starting in 2004 with $156K in revenue and booking $10.9M in revenue by year end 2009.  Recently, the company expanded its scope of business activity by opening a 12,500 square foot Prototype Engineering and Fabrication center to address aerospace customer’s manufacturing needs that require high engineering content and specialty manufacturing.

The Small Business Administration Webinar series is marketed to every firm in the 8(a) program and to 7j eligible (socially and economically disadvantaged firms) through organizations that include national and local Chambers of Commerce, economic development departments and industry associations.

http://www.7jwebinar.com/webinar7web.html

About KIHOMAC

KIHOMAC is an aerospace and defense acquisition and technology company founded in 2003. In 2005, KIHOMAC was certified as a veteran‐owned, 8(a), Small Disadvantaged Business (SDB) providing system acquisition and life cycle management support to government agencies. Our capabilities include Acquisition Management, Business Support, Systems Engineering and Manufacture & Design. The KIHOMAC headquarters is located in Alexandria, VA with additional locations including Layton, Utah; Dayton, Ohio; Dallas, Texas; and Warner Robins, Georgia.