VSR - US Army Corps of Engineers Awards VERSAR $40.6 Million Contract Thursday April 13, 10:00 am ET
SPRINGFIELD, Va., April 13 /PRNewswire-FirstCall/ -- VERSAR, Inc. (Amex: VSR - News) announced today it was awarded a contract for hiring and providing personnel support services for approximately 240 Iraqi engineering and construction personnel delivering services to the Army's reconstruction effort in Iraq. The Gulf Region Division of the US Army Corps of Engineers awarded VERSAR the contract for one base year with two one-year options. The project value, if the options are exercised, is approximately $40.6 million.
Dr. Ted Prociv, President and CEO said, "Versar is gratified by the Army's confidence and we pledge to exceed their expectations in service and value. Combined with our ongoing Title II construction supervision work for the Air Force, Versar is providing or managing quality assurance services for a good portion of the reconstruction work in Iraq. It is our privilege to support the Coalition forces and the Iraqi people in building a better future."
VERSAR, Inc., headquartered in Springfield, VA, is a publicly held professional services firm supporting government and industry in national defense/homeland defense programs, environmental health and safety and infrastructure revitalization. VERSAR operates a number of web sites, including the corporate Web sites, http://www.versar.com,http://www.homelanddefense.com, and http://www.geomet.com; and a B2B portal for homeland defense products and services, http://www.nbcprotect.com and http://www.dtaps.com.
This press release contains forward-looking information. The forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended July 1, 2005. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
Contact: James Dobbs (703) 642-6712 Senior Vice President Email: jdobbs*versar.com
Investor Relations Contact: Andrew J. Kaplan (732) 747-0702 Barry Kaplan Associates 623 River Road Fair Haven, NJ 07704 Email: smallkap*aol.com
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