VSR

[ramlau]

Versar, Inc. Awarded Contract By U.S. Environmental Protection Agency
Tuesday May 22, 9:15 am ET

SPRINGFIELD, Va.--(BUSINESS WIRE)--VERSAR, Inc. (Amex:VSR - News) announced today that the United States Environmental Protection Agency (EPA) Office of Research and Development has awarded Versar, one of two, five (5) year contracts for peer review and risk assessment activities. The two contracts have a combined maximum value of $11 million. Versar expects to receive approximately $6 million in revenue over the term of this contract. This new contract is one of five major EPA contracts managed by Versar's Exposure and Risk Assessment Division. Under this contract, Versar will conduct peer reviews and support development of risk assessment guidelines for the Agency's research and regulatory programs.

Dr. Ted Prociv, President and CEO of Versar said, "We are pleased that Versar continues to be recognized as a leader in peer review and risk assessment of toxic and other chemical substances. This contract is our third major peer review contract supporting scientific programs in the EPA and the United States Consumer Product Safety Commission, a growing service area for Versar. These contracts reflect Versar's commitment to improving our citizens' health and safety through rigorous scientific analysis."

VERSAR, INC., headquartered in Springfield, VA, is a publicly held infrastructure program management company for the Federal Government and the commercial market specializing in homeland defense, engineering and construction management, environmental health and safety and the management of toxic and hazardous materials. VERSAR operates a number of web sites, including the corporate Web sites, http://www.versar.com, http://www.homelanddefense.com, and http://www.geomet.com; and a B2B portal for homeland defense products and services, http://www.nbcprotect.com and http://www.dtaps.com.

This press release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended June 30, 2006. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

[ramlau]

This gem got bullied by the bears today. It has won multiple contracts this month:

http://finance.yahoo.com/q/h?s=VSR

[setravis]

(VSR).......
AWARDED $21.2M ADDITIONAL CONSTRUCTION MANAGEMENT WORK: Versar, Inc.
(VSR) announced that the U.S. Air Force Center for Engineering and the Environment awarded
Versar a $19.8 million task order modification for continued Construction Management and Quality
Assurance operations in Iraq. Versar was also awarded a new task order for $1.4 million
worth of work supporting AFCEE's Foreign Military Sales construction management and quality
assurance work. These task orders will fund Versar's international operations, VIAP, to provide
engineering support, construction management and quality assurance operations in Iraq through
August 2008.