Versar, Inc. Named One Of Five Unrestricted Firms Competing For Projects Under Multiple Award Task Order Contract (MATOC) With Maximum Capacity Of $290 Million

SPRINGFIELD, Va., June 25, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that its wholly owned subsidiary, Geo-Marine, Inc., is one of five unrestricted firms that have been awarded a new prime contract from the U.S. Army Corps of Engineers (USACE), Engineering and Support Center, Huntsville, AL.  This Design/Build Contract is to provide repair and renewal services for Government facilities, systems, and equipment throughout the United States, U.S. territories, Japan, and Korea in support of the Facility Repair and Renewal Program. Task Orders are intended to provide quick inspection/design/build response for facility repair, renovation, conversion, alterations, additions, construction and the procurement/installation of equipment at Government installations and facilities.

The MATOC contract has a maximum 24-month base period and three 12-month optional order periods, for a total of five years. The maximum contract capacity is $290 million. Each unrestricted task order issued under this contract will be competed for by the five firms in that pool.

Tony Otten, CEO of Versar said, "We are pleased to continue our extremely successful relationship with the USACE and the Huntsville Center.  This MATOC contract gives us the ability to demonstrate Versar's commitment to supporting this critical facility and repair program, through quick, responsive, high quality, design-build facilities results."

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.

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.

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SOURCE Versar, Inc.

Related Links

http://www.versar.com/

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