Springfield, VA – November 10, 2011 – Versar, Inc. (NYSE Amex: VSR) today announced its financial results for the fiscal first quarter ended September 30, 2011. 

Revenue for the first quarter of fiscal year 2012 was $33.3 million, an increase of 14% compared to revenue of $29.3 million reported in same quarter of fiscal year 2011.  The Company achieved gross profit of $3.7 million, a 28% increase compared to gross profit of $2.9 million in the first quarter of last year, with gross margins of 11% in the first quarter as compared to 10% in the same quarter last year.  Operating income improved 44% to $1.3 million in the first quarter versus $0.9 million in the first quarter of last year.  Versar recorded net income of $0.8 million or $0.09 per basic and diluted share for the first quarter of fiscal year 2012, compared to net income of $0.5 million, or $0.06 per basic and diluted share, in the first quarter of fiscal 2011.

Increased revenue and profitability in the first quarter of 2012 can be primarily attributed to additional revenue from the Company’s Title II Construction Management projects and from the Tooele Chemical Demilitarization project in its…

Springfield, VA – Tuesday , November 1, 2011 – Versar, Inc. (NYSE Amex: VSR) will hold a conference call at 2:00 PM Eastern Time on Thursday, November 10, 2011 to discuss the Company’s operational performance and financial results for the first quarter of its fiscal year 2012, ended September 30, 2011.  Versar will release its 1Q FY 2012 Form 10-Q on November 9, 2011 and 1Q financial results press release before the market opens on November 10, 2011.

The dial in number for the US and Canada is toll free, 877-407-8033.  The international dial in number is 201-689-8033.  Participants should call in a few minutes before 2:00 PM Eastern Time.  For those unable to attend the conference call, replays will be available on Versar’s website, www.versar.com

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…

Springfield, VA – Wednesday, November 2, 2011 –Versar, Inc. (NYSE AMEX: VSR) announced it has been awarded a General Services Administration (GSA) Professional Engineering Services (PES) Contract Schedule 871. The contract has a base period of performance of five (5) years, plus three (3) option periods of five (5) years each.

The PES contract was established by GSA to provide Federal, State, Local, and United Nations agencies with solutions for their various engineering requirements and allow those agencies to procure needed services. The comprehensive statement of work provides a streamlined approach to accessing qualified firms in the engineering disciplines of mechanical, electrical, chemical, components of civil engineering, and sub-disciplines such as aerospace, nuclear, bioengineering, fire protection, and marine architecture and expertise in construction management.

Tony Otten, CEO of Versar, Inc., said, “The GSA PES Schedule provides another important and widely accepted contract vehicle that will allow our government clients an efficient alternative for contracting engineering services at competitive rates.”

Mr. Otten continued, ”This award further supports a key initiative for Versar - providing technical services in harsh environments and continuing to support the United States government in our worldwide reconstruction efforts.”

VERSAR, INC., headquartered in Springfield,…

Springfield, VA – Thursday, October 20, 2011 –Versar, Inc. (NYSE AMEX: VSR) announced that it has been named “Company of the Month” by the Bowser Report in its October 2011 edition. The Bowser Report, founded by Max Bowser and now in its 35th year, is a monthly subscription-based newsletter which highlights small-cap stocks trading on the NYSE, NASDAQ and AMEX at $3.00 per share or less. The Bowser Report newsletter uses fundamental analysis to select and recommend stocks to its readers. Companies featured in the newsletter do not pay for the research or coverage and additionally do not edit the newsletter's recommendations.

Tony Otten, Chief Executive Officer of Versar stated, “We are honored to be selected by the Bowser Report as its Company of the Month and thankful to Max Bowser for bringing our story and accomplishments to the attention of his readers."

Interested parties may request a copy of the Report by visiting http://thebowserreport.com.

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,…

Springfield, VA – Wednesday, October 26, 2011 –Versar, Inc. (NYSE AMEX: VSR) announced that it has executed an amendment to its line of credit that increases the amount 50% from $10 million to $15 million and extends the maturity date to Sept 25, 2012.

Tony Otten, CEO of Versar said “Versar is very proud to continue its lending relationship with United Bank which began in September of 2003. The increase in the credit line is a strong indication of the strength of our balance sheet and will help support our anticipated growth requirements.”

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, ww.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 certainties described herein and in Versar’s Annual Report on Form 10-K filed with the Securities and Exchange Commission…