Investor Relations Contact:
  Hawk Associates, Inc.
  Frank Hawkins and Cale Smith
  Phone: (305) 451-1888
  E-mail: info@hawkassociates.com
  http://www.hawkassociates.com

WidePoint Corporation
One Lincoln Centre
18 W 140 Butterfield Rd.,
Suite 1100
Oakbrook Terrace, IL 60181
(630) 629-0003 Phone
(630) 629-7559 Fax
http://www.widepoint.com News Release:
FOR IMMEDIATE RELEASE

WidePoint Reports Second Quarter ‘07 Results

Conference Call Scheduled for 4:30 p.m. EDT Today

FAIRFAX, Va. – August 9, 2007 — WidePoint Corporation (AMEX: WYY), a leading provider of information technology assurance and identity management services, today announced financial results for the second quarter ended June 30, 2007.

The company reported total revenue of $3,289,000 for the second quarter of 2007, including revenue from the Public Key Infrastructure (PKI) credentialing and managed services segment, which increased 488% for the quarter, from $201,000 in second quarter of 2006 to $1,186,000 for the second quarter of 2007. Second quarter total revenue of $3,289,000 compared to revenue of $4,842,000 million in the year ago period. The consulting services segment witnessed a decrease in revenues from $4,640,000 in the second quarter of 2006 to $2,104,000 in the second quarter of 2007 due primarily to a non-recurring software resale of approximately $1.5 million that occurred during the comparable year ago period.

Gross profit margins for the quarter increased to 33% from 17% in the comparable period, due primarily to greater margins associated with the company’s PKI and managed services segment. Net loss for the quarter was approximately $1,000, or $0.00 per share, compared with a net loss of $230,000, or $0.01 per share, in the year ago period.

Second quarter 2007 highlights include:

• The 488% increase in PKI revenues represented an absolute increase of $985,000 over the comparable period, driving an improvement in segment operating income from a loss of $103,000 in the second quarter of 2006 to an operating gain of $366,000 in the current period. Assets in the PKI segment grew 81% on a year over year basis, from $1,001,000 to $1,817,000.

• Growth margin expansion from 16.8% a year ago to 33.4% for the current quarter represented an increase in gross profit of $283,000 and included depreciation and amortization expense in the company’s cost of goods sold. Adjusted for those non-cash expenses, gross margins improved from 18.9% a year ago to 36.7%, or $291,000 total, in the second quarter of 2007.

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• WidePoint realized cash from operating activities for the quarter of $730,000 and increased its total net total cash flow for the quarter to $553,000. The company ended the period with working capital of approximately $3.5 million and cash and equivalents of approximately $3.3 million.

• The company self-funded investments of $170,000 for internal equipment purchases and software development cost during the quarter allowing for a pending approval for an additional three-year Authorization to Operate (ATO) for the General Service Administration’s ACES (Access Certificates for Electronic Services) program and expansion of its core PKI capabilities.

• United Space Alliance, LLC, selected WidePoint subsidiary ORC’s PIVotal ID©solution to implement an enterprise-wide Smart ID Badge solution. The scope includes a cradle-to-grave turnkey solution from card request to card termination. The chosen solution complies with Homeland Security Presidential Directive (HSPD-12), Federal Information Processing Standards Publication Series 201 (FIPS 201) and Personal Identification Verification (PIV II) requirements and regulations.

Steve Komar, CEO of WidePoint, stated, “During the quarter we expanded our PKI managed service business with the addition of the United Space Alliance contract and the expansion of work with several of our existing business partners. Through these relationships we continue to leverage our historical expertise and fully compliant solution designation to issue certificates for the U.S. Government. The expansion of our credentialing and managed services business remains among our highest growth priorities over the next few years.”

WidePoint CFO Jim McCubbin said, “We were pleased with our revenue growth in the PKI and managed services segment and we are actively pursuing several initiatives which should continue to accelerate our growth within the identity management and information assurance markets.”

WidePoint will hold a conference call with CEO Steve Komar and senior members of the management team today at 4:30 p.m. Eastern Time. The call will cover the company’s second quarter results. Komar will open the call and a question-and-answer session will follow.

To participate, call (866) 328-4270 any time after 4:20 p.m. Eastern Time on August 9. International callers should dial (480) 629-9561. While in conference, if callers should experience any difficulty or require operator assistance, they can press the (*) followed by the (0) button. This will call an operator to the line.

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About WidePoint
WidePoint is a leading provider of information technology assurance and identity management services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint’s wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering and integration. ORC has earned four major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet.

WidePoint’s portfolio of customers encompasses U.S. Federal Government agencies, including the Department of Defense, the Department of Homeland Security and the Department of Justice as well as major U.S. defense contractors and several major pharmaceutical companies. For more information, visit http://www.widepoint.com.

An investment profile about WidePoint may be found at http://www.hawkassociates.com/wyyprofile.aspx.

For investor relations information regarding WidePoint, visit http://www.hawkassociates.com and http://www.americanmicrocaps.com, or contact Frank Hawkins or Cale Smith, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. To receive these releases via e-mail, subscribe at http://www.hawkassociates.com/email.aspx.

Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; (iv) the declaration and payment of dividends; and (v) the risk factors disclosed in the Company’s periodic reports filed with the SEC. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company’s Forms 10-K and 10-Q filed with the SEC.

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WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

Consolidated Balance Sheets	June 30, 2007			December 31, 2006
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	3,294,696		$	2,774,813
Accounts receivable		2,813,371			6,220,444
Prepaid expenses and other assets		460,386			463,369
Total current assets		6,568,453			9,458,626
Property and equipment, net		295,170			205,231
Goodwill		2,526,110			2,526,110
Intangibles, net		1,219,806			1,358,212
Other assets		57,411			56,192
Total assets	$	10,666,950		$	13,604,371
Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	1,600,277		$	4,364,747
Accrued expenses		975,036			786,842
Deferred revenue		471,833			564,594
Short-term portion of deferred rent		452			3,057
Short-term portion of capital lease obligation		52,178			45,020
Total current liabilities		3,099,776			5,764,260
Long-term portion of deferred rent		--			--
Capital lease obligation, net of current portion		51,926			67,851
Total liabilities		3,151,702			5,832,111
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares
authorized; 0 and 195,214 shares issued and outstanding,
respectively, liquidation value $3,416,245		--			195
Common stock, $0.001 par value; 110,000,000 shares authorized; 52,558,699
shares and 50,494,759 shares issued and outstanding, respectively		52,559			50,495
Stock warrants		38,666			38,666
Additional paid-in capital		60,785,220			60,667,229
Accumulated deficit		(53,361,197	)		(52,984,325	)
Total stockholders' equity		7,515,248			7,772,260
Total liabilities, temporary equity and stockholders' equity	$	10,666,950		$	13,604,371

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WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended June 30,						Six Months Ended June 30,
	2007			2006			2007			2006
	(unaudited)
Revenues, net	$	3,289,109		$	4,841,860		$	6,141,479		$	7,525,766
Cost of sales (including amortization and depreciation
of $110,069, $102,126, $220,118, and $203,963, respectively)		2,191,798			4,027,975			4,388,633			5,994,956
Gross profit		1,097,311			813,885			1,752,846			1,530,810
Sales and marketing		243,166			208,963			446,609			413,391
General & administrative		860,886			847,898			1,702,061			1,628,352
Depreciation expense		21,624			6,749			37,174			13,725
Loss from operations		(28,365	)		(249,725	)		(432,998	)		(524,658	)
Interest income		30,160			20,416			61,998			38,765
Interest expense		(2,567	)		(375	)		(5,872	)		(1,971	)
Net loss before income tax	$	(772	)	$	(229,684	)	$	(376,872	)	$	(487,864	)
Income tax benefit, net		--			(83	)		--			(83	)
Net loss	$	(772	)	$	(229,601	)	$	(376,872	)	$	(487,781	)
Basic and diluted net loss per share	$	(0.00	)	$	(0.01	)	$	(0.01	)	$	(0.01	)
Basic and diluted weighted average shares outstanding		52,543,028			44,850,655			52,242,109			42,385,968

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WIDEPOINT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended June 30,						Six Months Ended June 30,
	2007			2006			2007			2006
	(unaudited)
Cash flows from operating activities:
Net loss	$	(772	)	$	(229,601	)	$	(376,872	)	$	(487,781	)
Adjustments to reconcile net loss to net cash
provided by operating activities:
Depreciation expense		30,586			7,768			55,077			15,474
Amortization expense		101,108			101,107			202,215			202,214
Stock compensation expense		--			17,844			--			23,469
Stock options expense		22,687			92,329			86,663			153,392
Changes in assets and liabilities
Accounts receivable		479,775			(1,417,917	)		3,407,073			(716,055	)
Prepaid expenses and other current assets		92,998			(125,088	)		2,983			(78,433	)
Other assets		(1,219	)		169			(1,219	)		35,753
Accounts payable and accrued expenses		4,581			2,007,739			(2,643,435	)		981,771
Net cash provided by operating activities	$	729,744		$	454,350		$	732,485		$	129,804
Cashflows from investing activities:
Purchase of property and equipment		(106,241	)		(4,622	)		(128,630	)		(15,197	)
Software development costs		(63,809	)		--			(63,809	)		--
Net cash used in investing activities	$	(170,050	)	$	(4,622	)	$	(192,439	)	$	(15,197	)
Cashflows from financing activities:
Principal payments under capital lease
obligation		(13,677	)		--			(25,153	)		--
Costs related to registration statement		(1,513	)		(118,054	)		(29,720	)		(331,747	)
Proceeds from exercise of stock options		8,600			62,550			34,710			144,043
Proceeds from exercise of warrants		--			24,571			--			44,571
Costs related to warrant exercise		--			--			--			(166,600	)
Net cash used in financing activities	$	(6,590	)	$	(30,933	)	$	(20,163	)	$	(309,733	)
Net increase (decrease) in cash	$	553,104		$	418,795		$	519,883		$	(195,126	)
Cash and cash equivalents, beginning of period	$	2,741,592		$	1,912,714		$	2,774,813		$	2,526,635
Cash and cash equivalents, end of period	$	3,294,696		$	2,331,509		$	3,294,696		$	2,331,509
Supplementary Information:
Liabilities incurred but not yet paid relating to
Registration statement	$	--		$	52,755		$	--		$	84,438
Noncash investing and financing activity -
capital leases for acquisition of
property and equipment		16,386			--			16,386			--
Cash paid for interest	$	2,567		$	--		$	5,872		$	--

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