Versar Inc. Wins Two Cultural Resource Contracts
Versar, Inc. (NYSE Amex: VSR) announced today that it has been awarded two new Cultural Resources contracts. The first is a $500,000, 3-year contract from the Delaware Department of Transportation and the second is as a subcontractor to The Ottery Group based in Olney, Maryland for a $2,000,000, 5-year contract with the Maryland State Highway Administration. The contracts are to perform cultural resources investigations in support of transportation projects throughout Delaware and Maryland respectively, in compliance with the National Historic Preservation Act. Under these contracts, Versar’s archaeologists and architectural historians will investigate the potential impact from planned highway infrastructure projects to properties eligible for the National Register of Historic Places.
Tony Otten, CEO of Versar said, “These two awards allow us to reestablish our support to the Delaware and Maryland Departments of Transportation in areas where we have had previous success working for other states. Our Cultural Resource capabilities are part of Versar’s full suite of environmental services that allow us to provide full service solutions to our clients.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly held global project management company providing sustainable solutions to government and commercial clients in construction management, environmental services, munitions response, telecommunications and energy. VERSAR operates a number of web sites, including the corporate Web sites, www.versar.com, www.homelanddefense.com, www.geomet.com; www.viap.com; www.dtaps.com; www.adventenv.com, and www.ppsgb.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 26, 2009, 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.
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