VIENNA, Va., Oct. 1 /PRNewswire-FirstCall/ -- MSSI-TeleScience International, Inc. (BULLETIN BOARD: MSSI) , a provider of long-term medical personnel, homeland security and technology services to federal, state and local government, announced today that it has successfully completed negotiations with the United States Air Force, regarding medical staffing contracts for its multiple Air Force base customers.
With the government’s new fiscal year starting on October 1, 2004, several medical staffing contracts are up for review. MSSI-TeleScience currently holds contracts with 27 Air Force Bases across the United States, for a variety of medical professional staffing. The new contracts will represent new revenue for the company. Among some of the bases represented are: Langley Air Force Base, Nellis Air Force Base and Minot Air Force Base in North Dakota, showing the nationwide spread of TeleScience business.
MSSI-TeleScience President and CEO Dr. B.B. Sahay said, “The Air Force has been another long-standing customer of ours. We have successfully completed negotiations with them, which will allow us to start working on new contracts, October 1, 2004. This work is for full time positions, so the revenue is certain.”
An investment profile on MSSI-TeleScience International, Inc. may be found at http://www.hawkassociates.com/MSSI/profile.htm .
About MSSI-TeleScience
MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company’s Medical Services Division has operations in 22 states servicing hospital and medical facilities with doctors, nurses and technicians, including long-term contracts with the U.S. Army, the U.S. Department of Health and Human Services and the state of California. The company’s Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. The company has been named as a participant in a $1 billion IDIQ (Indefinite Delivery Indefinite Quantity) contract with the Commonwealth of Pennsylvania for homeland security equipment. MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company’s website at http://www.telescience.com/ . For MSSI-TeleScience services or employment inquiries, contact Reeba Magulick at (703) 641-8890, ext. 131, e-mail: rmagulick@telescience.com . For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Copies of MSSI press releases, current Level II price quotes, interactive and Java stock charts and other valuable information for investors may be found on the websites http://www.hawkassociates.com/mssi and http://www.hawkmicrocaps.com/page.asp?page_id=137 .
Legal Notice Regarding Forward-Looking Statements: “Forward-looking statements’’ as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward- looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
MSSI-TeleScience International, Inc.
CONTACT: Reeba Magulick, of MSSI-TeleScience International, Inc.,+1-703-641-8890, ext. 131, rmagulick@telescience.com, or Frank Hawkins, orJulie Marshall, both of Hawk Associates, +1-305-852-2383,info@hawkassociates.com
