Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - VERSAR INC | c23857e8vk.htm |
| EX-10.1 - EXHIBIT 10.1 - VERSAR INC | c23857exv10w1.htm |
Exhibit 99.1
|
Offices Headquarters Springfield, VA Inside the U.S. Sacramento, CA Denver, CO Louisville, KY Baltimore, MD Columbia, MD Gaithersburg, MD Germantown, MD Charleston, SC San Antonio, TX Dugway, UT Richmond, VA Virginia Beach, VA Outside the U.S. Kabul, Afghanistan Milton Keynes, UK Baghdad, Iraq Abu Dhabi, UAE Manila, PH |
| FOR IMMEDIATE RELEASE | October 26, 2011 |
Versar Inc. Increases Credit Line to $15 million
Springfield, VA — Wednesday, October 26, 2011 —Versar, Inc. (NYSE AMEX: VSR) announced that it
has executed an amendment to its line of credit that increases the amount 50% from $10 million to
$15 million and extends the maturity date to Sept 25, 2012.
Tony Otten, CEO of Versar said “Versar is very proud to continue its lending relationship with
United Bank which began in September of 2003. The increase in the credit line is a strong
indication of the strength of our balance sheet and will help support our anticipated growth
requirements.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly held global project management
company providing sustainable solutions to government and commercial clients in construction
management, environmental services, munitions response, telecommunications and energy. Versar
operates a number of web sites, including the corporate Web sites, www.versar.com,
www.homelanddefense.com, www.geomet.com; www.viap.com;
www.dtaps.com; www.adventenv.com, and www.ppsgb.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 July 1, 2011, as updated from time to time in the Company’s periodic
filings. The forward-looking statements are made as of the date hereof and Versar does not
undertake to update its forward-looking statements.
Contact:
|
Michael J. Abram | John Nesbett or Jennifer Belodeau | ||
| Senior Vice President | Institutional Marketing Services | |||
| Versar, Inc. | (203) 972-9200 | |||
| (703) 642-6706 mabram@versar.com |
jnesbett@institutionalms.com |
For more information, please contact Investor Relations at:
6850 Versar Center Springfield, VA 22151 703.750.3000 Fax: 703.642.6842 www.versar.com