Versar, Inc. (NYSE AMEX: VSR) announced that they have retained the services of Institutional Marketing Services (IMS), a full service investor relations firm founded by John Nesbett.
Tony Otten, CEO of Versar stated, "Versar has made significant progress over the past year and while we still have a lot of work ahead of us, we are pleased with our ongoing development. Strategically, we have focused on what we do best and returned to profitability through significant revenue growth and by keeping a keen eye on expenses. IMS has considerable experience partnering with quality emerging companies with specific experience in the military and government contracting space. We look forward to working with them.”
John Nesbett, President of IMS commented, "We are very excited to be partnering with Versar. New management has driven renewed profitability reflected in third quarter results which saw substantial revenue growth split evenly between organic and acquisitions. Through Versar's four business segments the company has a very solid platform to support future growth."
INSTITUTIONAL MARKETING SERVICES, INC. (IMS) ( www.institutionalms.com) is a full-service investor relations firm offering a fresh and sensible approach to building credibility and reach in the investment community with strategic consulting rooted in many years of experience helping public companies amplify their message on Wall Street.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 July 1, 2011, 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.