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

To: Jay Maitland who wrote (412)	1/29/1998 8:44:00 PM
From: marty dorf	Read Replies (1) \| Respond to of 627

CRYSTAL BALL....... TUESDAY FEB 3 RD I LIKE GROUND HOG DAY MYSELF BETTER JAY , IF YOU WANT MORE DETAILS, EMAIL ME

To: Jay Maitland who wrote (412)	2/4/1998 7:01:00 PM
From: Mark Ambrose	Read Replies (1) \| Respond to of 627

MVSI Subsidiary Awarded Year 2000 Conversion Order by L'OREAL biz.yahoo.com ---------------------------------------------------------------------- Wednesday February 4, 9:27 am Eastern Time Company Press Release SOURCE: MVSI, Inc. MVSI Subsidiary Awarded Year 2000 Conversion Order by L'OREAL VIENNA, Va., Feb. 4 /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 an order to convert software code in 1998 to be fully Year 2000 (Y2K) compliant for the Warehouse Management System of L'OREAL Hair Care Division, a billion dollar international company in the hair care manufacturing and distribution business. This is the second order received by Technet for Y2K remediation work in the past week. Technet is actively pursuing other specific Y2K remediation opportunities and believes that the demand and scope of Y2K opportunities is rapidly growing. With a solid core of Y2K software programmers in the United States and 24-hour satellite access to many more software programmers in Madras, India, Technet has the manpower resources and experience to handle corporate Y2K remediation work for medium and large corporations and government agencies. Technet is increasing its Y2K programming staff in the States and offshore in anticipation of a rapid increase in Y2K business in 1998 from corporations and from other software companies which cannot cope with their growing backlog of Y2K remediation work. Chairman Ratkovich stated ''We believe that software development and maintenance, especially Y2K remediation work, will become a major business line for MVSI in 1998. Coupled with the development of our subsidiary ''Socrates'' as a one-stop Information Technologies (''IT'') products and services center, we believe that MVSI is well positioned to take advantage of the growing demand of corporations for specialized or custom software development and IT expertise, to include computer hardware products and services. We are pleased at the progress of Technet in winning another Y2K remediation project and we look forward to our continuing success and substantial growth in 1998 in this dynamic business area.'' Technet currently has available dedicated software engineers and facilities in Virginia, New Jersey and by satellite in 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's other major business lines are IT products and services, including computer training, for corporate and government customers, and the development, manufacture and integration of 3-D laser and camera machine vision sensors and inspection systems for robotics, semiconductor and other high-tech 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. 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.