MVSI Press Release - Technet gets contract from "Major U.S. Airline"
Here's a link: biz.yahoo.com
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Tuesday August 25, 2:44 pm Eastern Time
Company Press Release
SOURCE: MVSI, Inc.
MVSI Subsidiary Awarded a Contract to Develop A
Decision Support Sub-System for a Major U.S. Airline
VIENNA, Va., Aug. 25 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI - news), a Washington, D.C. area broad based
technology company, announced today that its subsidiary, Technet Computer Services, Inc. (''Technet''), had been awarded a
contract to develop and implement a decision support sub-system for a major U.S. airline. The initial scope of the project
involves the development of a sub-system designed to provide the airline's information technology team with the capability to
monitor all software deployment to include a check system for the security and integrity of the deployed software.
This six-digit contract's value to Technet is the potential it provides to the Company for add-ons and other new business
opportunities with this major customer. Here again, the level of exposure and experience on this project will be extremely
valuable to Technet in its ongoing efforts to pursue other major national-level software development contracts.
MVSI Chairman Edward Ratkovich stated, ''Technet continues to make excellent progress in expanding in its customer base,
especially for custom software development, SAP and PeopleSoft implementation and Year 2000 remediation services. We
expect to see Technet's software programming staff increase significantly in numbers, within the United States, Canada and
other overseas locations, before the end of 1998. This contract with a major airline demonstrates the growing success of the
Company's efforts to establish itself as a nationally recognized provider of outstanding solutions for complex software
development projects for corporations and governments.''
MVSI performs computer software engineering and development for systems applications, including implementing Year 2000
remediation solutions for corporate and government clients. MVSI also 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.
Certain statements in this press release, including statements containing the words, ''excellent,'' ''expects,'' ''significant,''
''growing,'' and similar expressions, constitute forward looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. There are a number of important factors that could cause the Company's actual results to
differ materially from those indicated by such forward-looking statements. Such factors include, but are not limited to: risks in
products and technological developments; market acceptance of new products and continuing product demand; the impact of
competitive products, services and pricing; and the other factors mentioned in the Company's current and future filings with the
Securities and Exchange Commission and 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. |
