SPRINGFIELD, Va., Oct. 8, 2013 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that the team of J.M. Waller Associates, Inc. (Prime Contractor) and Versar, Inc. (Subcontractor) was awarded a new contract from the General Services Administration (GSA) to provide environmental program management support to the U.S. Army Reserves 88th Regional Support Command (RSC), comprised of more than 300 facilities in 19 states across the Midwest, Mountain West and Northwest United States. The firm fixed price contract is a single award with a maximum two-year and seven-month period of performance consisting of a base seven-month period and two option years. The maximum contract capacity is $11.9 million. Versar's share for supporting this contract during the stated period of performance is $5.4M.
Tony Otten, CEO of Versar said, "This award is a validation of the team we have formed with J.M. Waller Associates, Inc. We welcome this additional opportunity to work with the U.S. Army Reserves 88th Regional Support Command and GSA and are confident that our team's capabilities are well matched to the requirements of the contract and to the demands of the geographic locations in which we will be working."
VERSAR, INC., headquartered in Springfield, Virginia, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.
VERSAR operates a number of web sites, including the corporate web sites, www.versar.com, www.geomet.com, www.viap.com, www.dtaps.com, www.adventenv.com, www.charronconsulting.com, www.ppsgb.com, and www.geo-marine.com
This news 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 fiscal year ended June 28, 2012, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
John Nesbett or Jennifer Belodeau
Director of Financial Reporting
Institutional Marketing Services (IMS)
SOURCE Versar, Inc.
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