MSSI-TeleScience Announces Contract Award
/FROM PR NEWSWIRE WASHINGTON DC 202-347-5155/
TO BUSINESS, HEALTH AND MEDICAL EDITORS:
MSSI-TeleScience Announces Contract Award
Company Named as Participant in $1 Billion Homeland Security Contract
TYSONS CORNER, Va., Oct. 22 /PRNewswire-FirstCall/ -- TeleScience
International, Inc. a wholly-owned subsidiary of Medical Staffing Solutions,
Inc. (OTC Bulletin Board: MSSI) announced today that its Homeland Security
Division has been named as one of approximately ten awardees in an IDIQ
(Indefinite Delivery Indefinite Quantity) contract award issued by the State
of Pennsylvania for the provision of Personal Protection Equipment. The $1
billion dollar contract is valid through March 31, 2004 and may be renewed for
four additional one-year terms. TeleScience will compete for task orders with
the other vendors named in the contract.
TeleScience International is a provider of medical personnel to state and
federal government agencies, primarily hospital and medical facilities. The
Company also operates a Homeland Security division that provides emergency
equipment, decontamination products, vehicles and supplies to state and local
governments. Additionally, the Company's technology services division
provides systems integration and technology services to the federal
government.
According to Dr. B.B. Sahay, President and CEO of TeleScience
International, "We are very pleased to be part of such a prestigious contract
award. Our Homeland Security division has been developing such contacts
within the various state and local governments for quite a while. Now we are
beginning to reap the rewards of these efforts."
Founded in 1987, TeleScience International has grown every year since its
inception and reported unaudited revenues of approximately $6 million for the
first eight months of its current fiscal year. The Company has over 200
employees operating in 24 states and has long-term federal and state medical
staffing contracts in place including a $21 million contract with the US Air
Force and a $130 million contract with the State of California. The Company
successfully completed a technology services project under a contract with the
Architect of the Capitol (AOC), which is in charge of the Congressional
buildings, the Library of Congress and US Supreme Court, to name a few. The
Company is currently re-bidding this contract and expects a new award during
this fiscal quarter.
TeleScience International plans to eventually change the name and ticker
symbol of the parent company to something more in line with its trade name.
For information on TeleScience International, Inc. visit their 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. The Company is headquartered at 8150 Leesburg
Pike, Suite 1200, Vienna VA 22182.
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 disclaims 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 in the information technology and
financial information industry), 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 Inc. |
