Tuesday June 2, 9:47 am Eastern Time
Company Press Release
SOURCE: MVSI, Inc.
World Bank Awards MVSI Subsidiary Software Project
VIENNA, Va., June 2 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI - news), a Washington, D.C. area broad-based
technology company, announced today that the Company's subsidiary, Technet Computer Services, Inc., has been awarded a
Web site software project by the World Bank to develop a software program for one of its divisions. Technet will be
responsible for all aspects of programming, navigation and graphic design for this project.
Chairman Edward Ratkovich stated: ''This award from the World Bank is the result of our aggressive efforts to leverage our
considerable capabilities in software development and information technology (IT) for corporations and governments. We look
forward to performing the project for this pre-eminent international financial institution. This software project is potentially
significant to the Company in terms of future business opportunities with this world-class client and similar international banking
institutions.''
The World Bank, headquartered in Washington, D.C., is owned by 180 nations and annually makes on average over $15
billion in development loans to nations for economic development projects.
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
proprietary and generic high-end computer system hardware and software products and support services to include technology
training in advanced hardware and software systems.
Statements made in this Press Release that are not historical or current facts are ''forward-looking statements'' made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Actual risks and results may
vary significantly based on a number of factors, including, but not limited to: risks in products and technological developments;
market acceptance of new products and continuing product demand; the impact of competitive products and pricing; and other
factors mentioned 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 (703) 356-5354 facsimile. MVSI, Inc.'s
Web site is located at www.mvsiinc.com.
SOURCE: MVSI, Inc.
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