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MSSI - TeleScience International Issues Notification That All Stock Dividends Were Paid to Shareholders on October 8

/FROM PR NEWSWIRE WASHINGTON DC 202-347-5155/
TO BUSINESS EDITOR:

MSSI - TeleScience International Issues Notification That
All Stock Dividends Were Paid to Shareholders on October 8

Company Adds Clarification to NASD Posting of Recent Stock Dividend;
No Further Dividends Were Issued on October 14

Company's Total Issued and Outstanding Shares Unchanged from October 7

VIENNA, Va., Oct. 16 /PRNewswire-FirstCall/ -- MSSI - TeleScience
International (OTC Bulletin Board: MSSI) a provider of medical personnel to
state and federal government agencies, announced today that the confusion that
has emerged in the Company's stock trading stems from the NASD posting of the
stock dividend pay date of October 8, 2003 and the "ex-dividend" date of
October 14, 2003 -- erroneously leading market-makers to believe that
dividends were due on October 14, 2003. This created confusion since
dividends were in fact fully paid by October 8, 2003. This incorrect
assumption by market makers that additional dividends were due on the 14th
caused the stock price to be adjusted incorrectly. The Company's total issued
and outstanding shares were unchanged from about October 7, 2003.
As background on the dividend, on September 26, 2003, the Company declared
a stock dividend of 1,400 percent for all shareholders of record as of
September 29, 2003. On that date, shareholders were entitled to an additional
14 shares -- the dividend -- for each single share held. The Company declared
a pay date for these dividend shares of September 30, 2003 and all dividend
shares were issued to the shareholders prior to October 8, 2003.
On or about October 8, active trading began in the Company's stock. The
shares that were traded included both the original shares as well as the
dividend shares. From about October 8 until close of the market on October
13, the Company's stock traded in the range of $1.25 to $2.50. Average
trading volume reached 31,000 shares per day and included all dividend shares.
Subsequently NASD posted the stock dividend pay date for October 8, 2003,
with an "ex-dividend" date for October 14, 2003 -- creating the confusion.
This led market-makers in the Company's stock to erroneously believe that the
dividend had not already been paid, and would be issued on October 14. The
Company emphatically states this was an incorrect interpretation. Because of
the erroneous belief, on October 14, the Company's stock traded in the range
of $0.10 and $0.30 with an approximate trading volume of 1,500,000 shares and
on October 15, trading volume reached approximately 1,225,200 shares with a
stock trading price range of $0.17 to $0.47.
The Company notified several market makers prior to October 14 that the
dividend shares had already been paid, and that no more shares would be
issued.
The Company's total issued and outstanding shares have not changed since
October 7, 2003. Although the NASD posted the ex-dividend date for October
14, 2003, the Company will not be issuing any more dividend shares after
October 7, 2003 since the declared dividend was fully paid by the 8th.
The total outstanding shares prior to the payment of the dividend, as of
the record date, September 29, 2003, were approximately 2,746,000 shares. The
total shares outstanding as of September 30, 2003, and today, were and are
approximately 41,200,000 shares.
MSSI - TeleScience International, Inc. is headquartered at 8150 Leesburg
Pike, Suite 1200, Vienna, VA 22182. Any questions regarding this press
release should be directed to the company's legal counsel, David B. Stocker,
Esq. at 602-235-9080.
For information on the Company, visit the website at www.mssi-intl.com.
Shareholders are requested to log onto the shareholder registration form on
the Company website in order to be placed on the mailing list for future
information.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking
statements" as defined in the Private Securities Litigation Reform Act of 1995
may be included in this news release. These statements relate to future
events or our future financial performance. These statements are only
predictions and may differ materially from actual future results or events.
TeleScience International, Inc. and Medical Staffing Solutions, Inc. disclaim
any intention or obligation to revise any forward-looking statements whether
as a result of new information, future developments or otherwise. There are
important risk factors that could cause actual results to differ from those
contained in forward-looking statements, including, but not limited to risks
associated with changes in general economic and business conditions (including
the medical staffing and Homeland Security industries), actions of our
competitors, the extent to which we are able to develop new services and
markets for our services, the time and expense involved in such development
activities, the level of demand and market acceptance of our services, changes
in our business strategies.

SOURCE MSSI - TeleScience International

/CONTACT: David B. Stocker, Esq., of MSSI - TeleScience International,
[phone]/

/Web site: http://www.mssi-intl.com/

Oct-16-2003 13:59 GMT
Symbols:
US;MSSI
Source PRN PR Newswire
Categories:
NWI/FIN NWI/MTC NWI/OTC NWR/VA NWS/DIV MST/I/BNK MST/I/DRG MST/I/MKT
MST/R/US/VA MST/S/DIV TGT/PRN