|VERSAR, INC. AWARDED $23.4 MILLION FOR AFGHANISTAN CONSTRUCTION MANAGEMENT AND QUALITY ASSURANCE WORK|
Springfield, Virginia -, March 8, 2012 - Versar, Inc. (NYSE Amex: VSR) announced today that it has been awarded a $23.4 million subcontract from HDR, Inc., a global architecture, engineering, consulting and construction firm, for continued construction management and quality assurance operations in Afghanistan. This subcontract will allow Versar to continue to provide engineering support, construction management and quality assurance operations in Afghanistan through February 2013. Versar has been providing construction management and quality assurance work in Afghanistan since 2006.
Tony Otten, CEO of Versar, Inc., said, "This important subcontract with HDR allows Versar to continue to support the Department of Defense by providing our construction management and quality assurance support for reconstruction efforts in Afghanistan. We are also excited about our new relationship with HDR and believe that the HDR/Versar team will continue to provide high quality services and capacity development in this important contract."
VERSAR, INC., headquartered in Springfield, VA, 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 telecommunication and technology integration market areas.
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 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 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.
Michael J. Abram
John Nesbett or Jennifer Belodeau