VIENNA, Va., Dec. 19, 2003 (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 is actively pursuing acquisitions in the homeland security sector of its business. The Company is reported to be in the early stages of discussions with other providers of homeland security products and is seeking additional acquisition opportunities.
"We view this market sector as an opportunity for rapid growth," said Dr. B.B. Sahay, President and CEO. "We have invested a good deal of Company resources in building an infrastructure and generating an initial presence in this market. As a result of these efforts, we have active leads for services which we are now pursuing, and we would like to expand our market share through strategic acquisitions."
About the Company
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 providing 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.