SPRINGFIELD, Va., May 4 /PRNewswire-FirstCall/ --
VERSAR, Inc. (AMEX:VSR) announced today that it has been awarded a new Task Order extending its Professional Engineering Services contract to provide independent Construction Quality Assurance and Construction Management operations in Iraq. Versar has focused its efforts in Iraq at providing its largest client, the U.S. Air Force Center of Environmental Excellence (AFCEE), professional engineering and construction oversight throughout Iraq, in support of AFCEE's reconstruction mission. The new Task Order will fund Versar's Engineering Services operations into October 2006. Versar's Iraq Professional Engineering Services Program has now grown to $15.6 million for the Air Force since it began in October 2004 and $56.2 million for all of its clients in Iraq. The Versar workforce supporting its Iraq reconstruction operations has grown to 360 personnel, with more than 300 professional engineers currently working in every province in Iraq. Versar anticipates a continued steady growth of its Professional Engineering Services throughout the region.
Dr. Ted Prociv, President and CEO of Versar said, "I am proud of the success of our international Professional Engineering Services and Construction Management business and look forward to accelerated growth worldwide. With over 18 months of continued work in Iraq, we now stand out from our competition in the business line of construction management of large, complex projects in dangerous, contested, or remote environments. I am confident that Versar will become the standard-setter worldwide for not only engineering and construction management but also disaster response and emergency management."
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:
Investor Relations Contact: Andrew J. Kaplan (732) 747-0702
Barry Kaplan Associates
623 River Road
Fair Haven, NJ 07704
Email:
DATASOURCE: VERSAR, Inc.
CONTACT: James Dobbs of VERSAR, Inc., Senior Vice President,
+1-703-642-6712, ; Andrew J. Kaplan of Barry Kaplan
Associates for VERSAR, Inc., +1-732-747-0702,
Web site: http://www.versar.com/
http://www.homelanddefense.com/
http://www.geomet.com/
http://www.nbcprotect.com/
http://www.dtaps.com/