Business Services Industry
Better Built/Versar Team Awarded $6 Million Aberdeen Proving Ground Gate Project
Business Wire, July 28, 2008
SPRINGFIELD, Va. -- VERSAR, Inc. (Amex:VSR) announced today that the Better Built/Versar Team has been awarded a task order to provide Infrastructure, Road and Gate Improvements to Gate 24 at the Aberdeen Proving Grounds in Maryland. The $6 million dollar project includes upgrades to all site specific utilities and monitoring devices as well as construction of new facilities to include a Visitor Center, Vehicle Search Canopy, Gate Guard Building and Entry Control Points. Additionally, approximately th miles of roadway will be widened by two lanes. The increased traffic patterns will ease congestion for motorist entering and leaving the base. VERSAR's share of the work will be approximately $3 million. The project is scheduled for completion in July 2009.
Dr. Ted Prociv, Versar's President and CEO, stated, "This award continues our growth in infrastructure and physical protection/homeland defense work at key facilities across the country. The Aberdeen Proving Grounds in Aberdeen, Maryland is one of the largest and most prominent growing bases as a result of the BRAC closure and realignment process occurring at military facilities around the world. We expect the pace of work to increase substantially over the next three years."
VERSAR, INC., headquartered in Springfield, VA, is a publicly held international 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.viap.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 June 29, 2007. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
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