VIENNA, Va., Jan. 29,2004 (PRIMEZONE) -- MSSI-TeleScience International Inc., (OTCBB:MSSI), a provider of medical personnel, homeland security products and technology services to federal, state and local government agencies, announced today that it has hired Ms. Reeba Magulick to lead the newly-formed commercial unit within its Medical Systems division. The new unit will provide medical professionals to private sector hospitals, clinics, nursing homes, and other health care facilities. The Company has made entry in this new sector a priority for 2004 and is currently studying the acquisition of several private companies currently serving this market.
"The commercial health care marketplace is expected to grow rapidly as the baby-boom generation continues to age. I am delighted to have Ms. Magulick join our management team to lead this new unit and broaden the focus of the successful Medical Systems division to also meet this expanding private sector opportunity. She is well-qualified in the commercial market and will play a significant role in creating the strategy to diversify the Company's customer base from its existing relationships with federal, state and local government agencies," said Dr. B.B. Sahay, President and CEO of MSSI.
Ms. Magulick is a proven sales and marketing executive. She recently completed a five-year tenure at the Ford Motor Company, where she was responsible for significant improvements in overall sales, market share and profitability within her market area. She holds a Bachelor of Science degree in commerce with a marketing concentration from the University of Virginia's McIntire School of Commerce, and an MBA degree from the University of Maryland's Robert H. Smith School of Business.
About MSSI-TeleScience
MSSI-TeleScience International is a provider of medical personnel, homeland security products and technology services to federal, state and local government agencies and has a workforce of more than 200 employees. The Company's Medical Services Division, with operations in 20 states, provides hospital and medical facilities with doctors, nurses and technicians. It has long-term contracts with the U.S. Army, the Department of Health and Human Services, and the State of California, to mention a few.
Its 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 was recently named as a participant in a $1 billion IDIQ contract with the State of Pennsylvania.
For additional information, please visit the Company website at www.mssi-intl.com. Shareholders can log onto the shareholder registration page to receive future news and information. The Company headquarters is located at 8150 Leesburg Pike, Suite 1200, Vienna, VA 22182.
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. 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 and market acceptance of our services, changes in our business strategies.