Business Services Industry
Versar, Inc. Awarded $1.25 Million in Infrastructure Revitalization Program Management Projects in Chicago, Illinois
Business Wire, March 4, 2008
SPRINGFIELD, Va. -- Versar, Inc. (Amex:VSR) announced today that Versar's Chicago office has been awarded four Infrastructure Revitalization Task Orders totaling $1.25 million.
Three of the infrastructure projects involve program management of asbestos abatement and demolition projects for a prominent food processor, a real estate developer and U.S. Cold Storage in the Chicago area. The fourth project involves a 10 year dredging permit for U.S. Navy Great Lakes training facility which is a "gaining base" under the Base Realignment and Closure initiative.
Dr. Ted Prociv, President and CEO of Versar, Inc., said, "These awards represent the project management opportunities in the United States infrastructure market that we are actively pursuing. This gives us a chance to move our technical and management skills into a growing, profitable market segment that increases our Company's margins. I am very pleased that our Chicago market is helping lead the way to this exciting market."
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.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 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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