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EXHIBIT 99.1
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholders of
BTG, Inc.:
We have audited the accompanying consolidated balance sheet of BTG, Inc. and
subsidiaries as of March 31, 2000, and the related consolidated statements of
operations, shareholders' equity, cash flow and comprehensive income for the
year then ended. Our audit also included the financial statement schedule
listed in the index at Item 14(a)1. These financial statements and the financial
statement schedule are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements and the
financial statement schedule based on our audit.
We conducted our audit in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion such consolidated financial statements present fairly, in all
material respects, the financial position of BTG, Inc. and subsidiaries as of
March 31, 2000, and the results of their operations and their cash flows for
the year then ended, in conformity with accounting principles generally
accepted in the United States of America. Also, in our opinion, such financial
statement schedule, when considered in relation to the basic consolidated
financial statements taken as a whole, presents fairly in all material
respects, the information set forth therein.
/s/ Deloitte & Touche LLP
McLean, Virginia
May 16, 2000
