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Microcap & Penny Stocks : ALLIED RESEARCH- ALR ... WATCH FOR A BIG MOVE!!! -- Ignore unavailable to you. Want to Upgrade?

To: Steve Pick who wrote (220)	5/21/1998 2:58:00 PM
From: stockvalinvestor	Read Replies (1) \| Respond to of 227

Allied Research: VSK CONTRACTS FOR $6.9M ALLIED RESEARCH CORPORATION 8000 TOWERS CRESCENT DRIVE, SUITE 750 VIENNA, VIRGINIA 22182 CONTACT: SUSAN URBANIAK (800) 847-5322 HOME PAGE: WWW.CFONEWS.COM\ALR TICKER SYMBOL: ALR-AMERICAN STOCK EXCH. "NEWS RELEASE" ALLIED RESEARCH'S ELECTRONIC SECURITY UNIT RECEIVES CONTRACTS FOR $6.9 MILLION VIENNA, VIRGINIA, MAY 19, 1998- ALLIED RESEARCH CORPORATION (AMEX:ALR), A DIVERSIFIED DEFENSE AND COMMERCIAL ELECTRONIC SECURITY FIRM, SAID TODAY THAT ITS VSK GROUP HAS RECEIVED A $4.5 MILLION CONTRACT FROM THE BELGIAN POST OFFICE TO PROVIDE ADVANCED TECHNOLOGY ELECTRONIC SECURITY FOR 500 POST OFFICES LOCATED THROUGHOUT BELGIUM AND A $2.4 MILLION CONTRACT FOR A MAJOR INTERNATIONAL HOTEL EXPANSION. THE CONTRACTS CALL FOR THE INSTALLATION OF SOPHISTICATED INTRUSION PROTECTION SYSTEMS, WITH THE POST OFFICE SYSTEM TO BE INSTALLED OVER A THREE YEAR PERIOD, BEGINNING IN MAY 1998 AND THE HOTEL SYSTEM COMPLETED IN 1998. IN CONNECTION WITH THE POST OFFICE PROJECT, VSK GROUP WILL ALSO BE RESPONSIBLE FOR DEDICATING A PERFORMANCE ASSURANCE TEAM, RESPONSIBLE FOR MAINTAINING THE SYSTEMS AT THE HIGHEST LEVEL, PROVIDING COMPLETE TECHNICAL SYSTEMS SUPPORT AND SUGGESTING AND IMPLEMENTING SYSTEMS AND PRODUCT IMPROVEMENTS AS REQUIRED. FURTHER, LONG-TERM MAINTENANCE AGREEMENT IS EXPECTED TO ADD SIGNIFICANTLY TO VSK'S REVENUE BASE. ACCORDING TO J.R. SCULLEY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF ALLIED RESEARCH, THE POST OFFICE CONTRACT WAS WON AFTER AN EXTENDED EVALUATION BY THE BELGIAN POST OFFICE AUTHORITIES OF COMPETING TECHNOLOGY AND SERVICE CAPABILITIES. "THE SELECTION OF VSK GROUP MEANS THE BELGIAN POST OFFICE WILL HAVE THE LATEST ELECTRONIC SECURITY PRODUCTS AND A CONTINUING SERVICE COMMITMENT THAT PROMISES CONSTANT ATTENTION TO THE CUSTOMER'S NEEDS." ALLIED RESEARCH CORPORATION IS A DEFENSE AND ELECTRONIC SECURITY FIRM. ITS OPERATING UNITS DEVELOP AND PRODUCE AMMUNITION AND WEAPON SYSTEMS; SUPPLY EQUIPMENT PERFORMANCE UPGRADES FOR DEFENSE DEPARTMENTS WORLDWIDE; AND DESIGN, PRODUCE AND MARKET SOPHISTICATED ELECTRONIC SECURITY AND ACCESS CONTROL SYSTEMS. ######################### Ends.