Versar, Inc. Announces Change in Independent Registered Accounting Firm

SPRINGFIELD, VA / ACCESSWIRE / January 18, 2017 / Versar, Inc. (NYSE MKT: VSR) today announced that on January 17, 2017, the Audit Committee of the Board of Directors of the Company (the "Audit Committee") approved the engagement of Urish Popeck as the Company's independent registered public accounting firm, effectively immediately. The Audit Committee also approved Urish Popeck to act as the Company's independent registered public accounting firm for the fiscal year ending July 1, 2016.

The appointment, which received the required approval of Versar's lender, Bank of America, followed the Company's acceptance of the resignation of Grant Thornton LLP as the Company's independent registered public accounting firm. The change in the Company's independent registered accounting firm is not expected to materially impact the Company's efforts to address its filing requirements with the Securities and Exchange Commission.

The Board of Directors of Versar extends its appreciation to Grant Thornton for its services as auditor. Working closely with its new auditing firm, the Company expects to work diligently towards satisfying all of the Company's filing requirements with the Securities and Exchange Commission within the next seventy-five days.

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.

Find out more about VERSAR at

https://twitter.com/VersarInc
https://www.facebook.com/VersarInc
http://www.linkedin.com/company/38251

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.