Technest Holdings, Inc.

BOSTON, March 22, 2006 (PRIMEZONE) -- Technest Holdings, Inc. (http://www.technestholdings.com/) (OTC BB:TCNH.OB - News), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that its wholly owned subsidiary, EOIR Technologies Inc., has received incremental funding from the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) for remote sensor technology products and engineering services totaling $4.7M.

Comment - This is an interesting press release. I'm just not sure what it means. This company really needs to work on their press releases. It is a contract, an order or funding?? Anybody know?