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

To: Danny Grant who wrote (514)	6/2/1998 10:15:00 AM
From: Serge P	Read Replies (1) \| Respond to of 627

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. More Quotes and News: MVSI Inc (Nasdaq:MVSI - news) Related News Categories: computer peripheral, computers

To: Danny Grant who wrote (514)	6/24/1998 11:04:00 AM
From: Danny Grant	Respond to of 627

News Release. MVSI Expansion Into New Products and Services Results in Significant Order Backlog PR Newswire - June 23, 1998 10:32 MVSI %CPR V%PRN P%PRN VIENNA, Va., June 23 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI), a Washington D.C. area broad based technology company, announced today that its business backlog for delivery in the next quarter currently exceeds $8 million. This strong backlog for the Company follows an expected near record revenue of approximately $14 million for the quarter ending June 30, 1998. The significance of the new business and backlog is directly related to the expanded software and hardware products and services being offered by the Company. MVSI's subsidiary Socrates Technologies, Inc. (Socrates) recently appointed David Blankenhorn to be Vice President of their UNIX Computing Division. Mr. Blankenhorn was the founder and President of a privately held UNIX integration firm, specializing in high-end mission critical UNIX based solutions on multiple platforms. Mr. Abbas Fathi, President of Socrates, stated, "The addition of Mr. Blankenhorn, who has over 10 years experience in the Enterprise UNIX computing arena, to our staff greatly strengthens our commitment to becoming a total Information Technology (IT) solutions company. With a backlog of over $1 million for UNIX products and services, and the addition of Mr. Blankenhorn to manage the business, Socrates is striving to become an industry leader in Enterprise UNIX solutions, one of several new systems applications business areas with higher profit margins that the Company is pursuing." Mr. Edward Ratkovich, Chairman of MVSI, stated, "Our aggressive pursuit of new IT business areas is in keeping with our strategy for achieving higher profit margins and profitability as outlined in our May 14, 1998 press release, and as presented to our shareholders at the May 29, 1998 annual shareholders meeting. The percentage is growing for higher margin software and hardware products and services to include integration and networking services and Year 2000 remediation projects. These are the business areas where we need to be in order to fully exploit the Company's significant revenue and profit potential. We are very pleased with the progress being made so far in this regard."

To: Danny Grant who wrote (514)	6/24/1998 11:06:00 AM
From: Danny Grant	Respond to of 627

Are backlogs considered a good thing?!? I can see yes in the fact that there is business to come but does that mean they don't have enough people right now? Danny