Versar, Inc. Joint Venture Awarded $4.4m in Two New Task Orders in Support of Air National Guard Fuel Facilities Upgrades and Repairs

SPRINGFIELD, VA / ACCESSWIRE / September 15, 2016 / Versar, Inc. (NYSE MKT: VSR) announced today that its long-term joint venture with Johnson Controls Federal Systems was awarded two new Task Orders for work at McLaughlin Air National Guard (ANG) Base, housed at Yeager Airport in Charleston, WV and at New Castle ANG Base in Delaware.

The Government recently completed a Phase II Engineering Planning Study of the Defense Logistic Agency's (DLA) Energy Petroleum, Oil and Lubricant (POL) facilities that identified 26 deficiencies at McLaughlin ANG Base and 17 at New Castle ANG Base. The $2.6M firm fixed price task order award at McLaughlin ANG Base is to complete the existing designs and execute repairs required to correct the deficiencies. The $1.8M firm fixed price task order award at New Castle ANG Base is to provide all labor, material, equipment and transportation necessary to execute the various repairs. Both task order awards will be completed by Versar's Engineering and Construction Management Group.

Tony Otten, Chief Executive Officer of Versar, said: "These two Task Order awards are important wins for our long-term joint venture with Johnson Controls Federal Systems and establishing our team's expertise in DLA's POL/Fuel Facilities Upgrade and Repair Program."

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, and professional services market areas.

VERSAR operates the following websites: www.versar.com and www.versarpps.com.

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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 26, 2015, 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:

Karin Weber
M&A, Investor Relations Manager
Versar, Inc.
(703) 642-6706
kweber@versar.com

Robert Ferri
Robert Ferri Partners
(415) 575-1589
robert.ferri@robertferri.com

SOURCE: Versar, Inc.