To: Five2Mil who wrote (516 ) 7/24/1998 5:26:00 PM From: Mark Ambrose Read Replies (1) | Respond to of 627
How about this one? Six-digit dollar amount order from Chrysler Corp.biz.yahoo.com ---------------------------------------------------------------------- Friday July 24, 2:42 pm Eastern Time Company Press Release SOURCE: MVSI, Inc. MVSI Subsidiary Awarded Order to Develop an Intranet Subsystem for Chrysler Corporation VIENNA, Va., July 24 /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 an order to develop, implement and test an Intranet-based configuration subsystem for Chrysler's Quality Alert System (QAS). The QAS enables Chrysler's assembly plants to detect and correct quality problems and, thereby, maintain the high quality of Chrysler's products. The subsystem being developed by Technet is designed to enhance the capabilities of QAS systems users to more comprehensibly monitor and configure the performance of the QAS via their worldwide Intranet. The true value of this order to Technet is not its six-digit dollar amount, but the potential it provides the Company for add-ons and other new business opportunities with Chrysler and other Fortune 100 corporations. The level of exposure and experience on this project is extremely valuable to Technet's efforts to effectively compete with larger companies for major software development contracts. Technet is actively promoting its Internet, Intranet and Extranet software development capabilities. This order for Chrysler represents the second Internet/Intranet development project that Technet has received for a major multi-national corporation in the past two months. The importance of both orders is that they demonstrate significant progress in the Company's efforts to establish itself as a nationally recognized provider of outstanding solutions for complex software development services to corporations and governments. MVSI Chairman Edward Ratkovich stated, ''Technet is making steady 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 size before the end of 1998 in response to the growing demand for Technet's services, all of which should provide for higher profit margins.'' 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. 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 or services and continuing demand for those products and services; the impact of competition; 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, Fax 703-356-5354 and e-mail mvsi@erols.com. SOURCE: MVSI, Inc.