SPRINGFIELD, Va., April 21, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that its wholly-owned subsidiary, J.M. Waller Associates, Inc., was awarded a new contract from the General Services Administration (GSA) to provide ongoing facility support, maintenance and repair of the U.S. Army Reserve 88th Regional Support Command (RSC) facilities located in the Northwest Region of the United States.
The firm fixed price contract is a single award with a maximum five-year period of performance consisting of a one base year and four option years. The maximum contract capacity is $23 million and the full amount of the base year is approximately $4.5 million.
Tony Otten, CEO of Versar said, "We welcome this opportunity to continue our support of the U.S. Army Reserve 88th Regional Support Command and GSA. We are confident that our team's capabilities are well matched to the requirements of the contract and to the demands of the geographic locations in which we will continue to work."
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.
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 27, 2014, 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.