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VSR news after the bell.... VERSAR, Inc. Awarded Design Portion Of $8.1 Million Municipal Design Build Contract

May 10, 2006 16:05:32 (ET)

SPRINGFIELD, Va., May 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- VERSAR, Inc. (VSR, Trade) announced today it was competitively selected and awarded $625,000 representing the design portion of a not to exceed $8.1M design-build contract for the design and construction of two new municipal aquatic centers for the Town of Gilbert, Arizona. In the last two decades, Gilbert has grown at a pace unparalleled by most communities in the United States (12% annually) and continues to make significant investments in municipal infrastructure to support this growth. The Town has partnered with the Chandler, AZ Unified School District and the Higley, AZ Unified School District to build two new competitive aquatic facilities adjacent to new high schools currently under contract for construction.

VERSAR's Tempe, Arizona office has been providing Architecture, Engineering, and construction management services to its municipal clients in the southwestern U.S. and the metropolitan Phoenix area since 1986. The Town of Gilbert is a longstanding customer. The design portion, funded at $625,000, will begin immediately. Upon negotiation of the final construction price construction, VERSAR is anticipated to begin construction by October 2006 with completion scheduled in August 2007. The new facilities will be opened at the start of the 2007-2008 school year. The final construction price is subject to negotiation and approval by the town.

Dr. Ted Prociv, President and CEO said, "I am excited to see the continued growth and success of our Western regional offices. Furthermore, I am delighted that the engineering and construction services VERSAR provides will be used to enhance the quality of life for the residents of the communities where we live and work. The selection of VERSAR by the Town of Gilbert solidifies our commitment to provide Infrastructure and Management Services to our customers and demonstrates the broad services we offer in architecture, engineering, and construction."

VERSAR, INC., headquartered in Springfield, VA, is a publicly held infrastructure program management company for the Federal Government and the commercial market specializing in homeland defense, engineering and construction management, environmental health and safety and the management of toxic and hazardous materials. VERSAR operates a number of web sites, including the corporate Web sites, http://www.versar.com, http://www.homelanddefense.com, and http://www.geomet.com; and a B2B portal for homeland defense products and services, http://www.nbcprotect.com and http://www.dtaps.com.

This press 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 year ended July 1, 2005. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

Contact: James Dobbs [phone]
Senior Vice President
Email: [e-mail]
Investor Relations Contact: Andrew J. Kaplan [phone]
Barry Kaplan Associates
623 River Road
Fair Haven, NJ 07704
Email: [e-mail]