Versar, Inc. Named As One Of Nine Firms Competing For Projects Under An Engineering Services Contract With U.S. Department Of State With Maximum Capacity Of $100 Million

SPRINGFIELD, Va., May 6, 2014 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it is one of nine firms that has been awarded a new prime contract from the Department of State, Bureau of Overseas Building Operations (OBO) to provide engineering services for diplomatic facilities worldwide.  The Indefinite Delivery Indefinite Quantity (IDIQ) contract has a maximum five-year period of performance consisting of a base year and four option years.  The maximum contract capacity is $100 million.  Each task order issued under this contract will be competed for by the nine firms.

Tony Otten, CEO of Versar said, "We are excited about the opportunity to work with the U.S. State Department and look forward to supporting the Bureau of Overseas Building Operations throughout the globe. This award is a validation of Versar's ability to provide engineering services anywhere in the world."   

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 a number of web sites, including the corporate web sites, www.versar.com, www.ppsgb.com, and www.geo-marine.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 28, 2013, 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.