Versar, Inc. Joint Venture Awarded $2 Million Contract To Provide Design-Build Construction Services For Upgrades And Repairs...

SPRINGFIELD, Va., Jan. 13, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that its joint venture with Johnson Controls Federal Systems has been awarded a $2 million Sustainment, Restoration & Modernization (SR&M) Acquisition Task Order Contract (SATOC) with the Air Force Civil Engineer Center (AFCEC). The contract will provide construction services at Camp Arifjan, Kuwait including upgrades and repairs at the Oasis Dining Facility and HVAC re-engineering work at Building 505. The contract is a single award with a 20-month period of performance.

Rob Biedermann, Senior Vice President of Versar, Inc. said, "We are excited to have this opportunity to work with our joint venture partner to provide continued support to AFCEC.  We are confident in our team's ability to provide the high quality service this contract requires."       

VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.

VERSAR operates the corporate web sites, www.versar.com, and www.versarpps.com, and www.jmwaller.com.

This news 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 fiscal year ended June 27, 2014, 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.

 

Contact:	David Gray	John Nesbett or Jennifer Belodeau
	Director of Financial Reporting	Institutional Marketing Services (IMS)
	Versar, Inc.	[phone]
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SOURCE Versar, Inc.

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