Versar, Inc. (NYSE Amex: VSR) announced it was awarded an approximate $1.5 million contract from the United States Forces-Iraq for Operations and Maintenance Training of Iraqi Ministry of Defense personnel. The period of performance will be through September 2011. This contract will train and certify over 300 Iraqi Engineers and Technicians to operate and maintain electrical generation, water and waste water, and other mechanical systems related to the United States multi-billion dollar investment in the reconstruction effort of Iraq. Since 2004, Versar has provided training and development of the Iraqi workforce.
Tony Otten, CEO of Versar, Inc., said “We are very proud to again be selected in the training and development of the Iraqi workforce. We believe these efforts are directly contributing to the advancement and stabilization of the region and Iraqi people.”
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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