Versar, Inc. Awarded $2.8 Million Project By City Of Petersburg, Virginia
Versar, Inc. (NYSE Amex: VSR) announced it was awarded a project to design and construct upgrades to a wastewater pump station for the City of Petersburg, Virginia. The contract, valued at $2.8 million, is expected to be completed by October of 2011. Versar teamed with the Timmons Group of Richmond to win this best value competitive project. Versar, as the prime design/build contractor, will be responsible for all permitting, project management and construction execution for the pump station.
The Petersburg pump station has a maximum pumping capacity of 12 million gallons per day. The plant will service an important area of Petersburg and Prince George County, Virginia, providing additional sanitary sewer capacity.
Jeff Wagonhurst, President of Versar, said that “This project brings together Versar’s construction management and environmental engineering skills to restore aging infrastructure located in the Commonwealth of Virginia. We see upgrading the country’s water and wastewater systems as an important part of our plan to grow our engineering and construction management business.”
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 25, 2010, 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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