Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MVSI - AN UNDISCOVERED GEM -- Ignore unavailable to you. Want to Upgrade?

To: marty dorf who wrote (411)	1/27/1998 9:20:00 AM
From: Jay Maitland	Read Replies (2) \| Respond to of 627

To All....News!! Company Press Release SOURCE: MVSI, Inc. MVSI Subsidiary Awarded Year 2000 Conversion Order for the Ralph Lauren And European Designer Fragrance Divisions of Cosmair, Inc. VIENNA, Va., Jan. 27 /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''), has been awarded the task of converting all software applications to be fully Year 2000 (Y2K) compliant at the Ralph Lauren and European Designer Fragrance divisions of Cosmair, Inc., a multi-billion dollar company. This award follows Technet's successful completion of numerous software development projects over the past few years for the major operating divisions of Cosmair, including the Redken and Maybelline divisions. The products of these divisions are well known and widely used in the world cosmetics market. Technet will be performing Y2K conversion tasks at the customer's sites and at its Y2K remediation centers in Virginia, New Jersey and India. Technet is a provider of customized software development and maintenance services, including Y2K conversion solutions. Technet currently has available dedicated software engineers and facilities in Virginia, New Jersey, and India. Technet's software development and Y2K remediation centers are linked 24 hours a day by satellite to India. This real-time offshore parallel capability allows Technet to quickly perform time sensitive tasks, particularly Y2K remediation, testing and validation. This capability is of significant value to Technet's customers, particularly those with critical operations that cannot be disrupted. MVSI performs computer software development and maintenance services for system applications, including implementing solutions for Y2K conversion. MVSI develops, manufactures and integrates machine vision systems for the robotics, semiconductor, and other high-tech industries. MVSI also manufactures, integrates and markets brand name proprietary and generic high-end computer system products and services. 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. For additional 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. Jay