For the record, I copied & pasted it from Yahoo Finance Quotes News:
biz.yahoo.com
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Wednesday September 17 2:39 PM EDT
Company Press Release
MVSI Signs Teaming Agreement With CeKA Technologies for Year 2000
Work And Computer Hardware and Software Support Services
VIENNA, Va., Sept. 17 /PRNewswire/ -- MVSI, Inc. (Nasdaq:MVSI) announced today that it has signed a teaming
agreement with CeKA Technologies, Inc. (CeKA) to be a primary subcontractor to CeKA for Year 2000 code conversion
work and other computer hardware and software development and integration projects that CeKA currently has on contract or
plans to do for corporate customers and local, state and federal government agencies. CeKA is a Small Business
Administration (SBA) Certified 8(a) company (minority owned) qualified to be awarded specific federal government contracts
on a sole source basis.
As a SBA 8(a) company since 1994, CeKA has been able to establish itself with various corporate and government customers
as a highly qualified and dependable minority contractor. CeKA currently has federal government business awards totaling
approximately $80 million for computer products and computer related hardware and software support services to be
delivered over the next few years. Some of CeKA's awards require them to seek specific tasks and purchase orders from the
government customers they are supporting. With MVSI's extensive Year 2000 conversion resources and capability now
available to support them, CeKA intends to aggressively market their government customers for sole source and competitive
Year 2000 conversion contracts.
The Office of Management and Budget (OMB), which oversees the Executive Branch's Year 2000 repair efforts, has
reportedly stated that as of July 1997, only 6 percent of the government's 4,500 ``mission critical'' computer systems -- which
include those that handle defense, air traffic control and income tax functions -- had been fixed, and that the OMB estimates the
cost to fix the Year 2000 problem within the federal government alone to be at least $3.8 billion and rising. With time running
out, the Year 2000 problem is fast becoming the federal government's highest priority problem to resolve.
MVSI manufactures and integrates machine vision systems for the robotics, semiconductor and other industries, integrates and
markets name brand proprietary and generic high-end computer system products and support services, provides technology
training and performs computer software engineering and development for systems applications.
Except for the historical information herein, certain matters discussed in this release include forward-looking statements that
may involve a number of risks and uncertainties, which projections and statements are made pursuant to the ``Safe Harbor''
provisions of the Private Securities Litigation Reform Act of 1995. Actual risks and results may vary significantly based on a
number of factors, including, but not limited to: risks in products and technology development; market acceptance of new
products; continuing product demand; the impact of competitive pricing, and the company's relations with its customers.
For more information on CeKA Technologies, Inc., please contact Brett Andrews at 703-442-7678. For additional public
information on MVSI, Inc., please contact the company at its principal executive offices at 8133 Leesburg Pike, Suite 750,
Vienna, VA 22182, telephone 703-356-5353 and 703-356-5354 facsimile. MVSI, Inc.'s Web site is located at
www.mvsiinc.com.
SOURCE MVSI, Inc. |
