MVSI Awarded $10 Million Order
PR Newswire - May 07, 1998 12:11
MVSI %CPR %CON V%PRN P%PRN
WASHINGTON, May 7 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI), a Washington,
D.C. area broad based technology company, announced today the receipt of an
award from a Fortune 500 company for $10 million in high-end computer systems,
routers and related computer equipment. The first purchase order for $2.6
million from this award was received last Friday. The products will be
delivered to the customer over the next few months.
"MVSI is very pleased to have been selected by the customer for this major
award. As always, our Company intends to aggressively and effectively support
the computer related requirements of the customer. The customer's goal to
achieve maximum responsiveness to their computerized work processes, while
maintaining high quality and cost effectiveness, has been and continues to be
the same unrelenting customer support goal of MVSI and its subsidiaries," said
Edward Ratkovich, CEO of MVSI.
MVSI performs computer software engineering and development for systems
applications, including implementing Year 2000 remediation solutions for
corporate and government clients. For the same customer base, MVSI integrates
and markets brand name proprietary and generic high-end computer system
hardware and software products and support services to include technology
training in advanced hardware and software systems. MVSI also manufactures
and integrates machine vision systems for the robotics and semiconductor
industries as well as other industries.
Except for 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;
and other risks or events detailed in the Company's current and future filings
with the Securities and Exchange Commission, and other public announcements.
For additional public information on MVSI, Inc., please contact the
company at its principal executive offices at 8133 Leesburg Pike, Suite 750,
Vienna, Virginia 22182, telephone 703-356-5353 and facsimile 703-356-5354.
MVSI, Inc.'s Web site is located at www.mvsiinc.com.
SOURCE MVSI, Inc.
/CONTACT: Mark McKnight of MVSI, 703-356-5353/
/Web site: mvsiinc.com
(MVSI) |
