VIENNA, VA, March 1, 2004 -- MSSI-TeleScience International Inc., (OTCBB:MSSI), a long-term provider of medical personnel, homeland security and technology services to federal, state and local government agencies, and also to the private sector, announced today that it has entered into a strategic alliance with Chesapeake Government Technologies, Inc. to provide supplemental technical and engineering personnel on Information Technology (IT) projects that MSSI-TeleScience's Technology Division is currently pursuing. This alliance with Chesapeake Government Technologies provides MSSI-TeleScience with significant growth opportunity within the IT sector.
MSSI-TeleScience has recently expanded its infrastructure within the Technology Division to support further penetration into the private and government sectors for the provision of IT services -- as these sectors increase the outsourcing of these requirements. Working together with Chesapeake Government Technologies, MSSI-TeleScience is currently pursuing a project that could add up to $1 million of annualized revenue. Chesapeake Government Technologies has a reputation for providing quality IT personnel with very quick turnaround, which is a rising demand among clients.
"We see a tremendous opportunity in 2004 to capture new business in both the government and private sectors with our combined expertise," said Dr. B.B. Sahay, President and CEO. "This relationship with Chesapeake Government Technologies, Inc. will allow us to become even more responsive to our current and future customers in the Information Technology arena. Our staff has already identified and begun to work on proposals in those areas in which we can add-value, both as a prime contractor and as a sub-contractor."
In the Information Technology area, the company provides software, IT services and wireless solutions.
"Chesapeake Government Technologies will enhance MSSI-TeleScience's ability to quickly respond to the IT staffing needs of their valued clients," said Mark Fuller, Chairman and CEO of Chesapeake Government Technologies. "With businesses beginning to add temporary and permanent workers at an increasing pace, the need for responsive staffing expertise will continue to represent a growing market opportunity."
About MSSI-TeleScience
MSSI-TeleScience International is a long-term provider of medical personnel, homeland security and technology services to federal, state and local government agencies and the private sector. The Company's Medical Services Division has operations in 24 states servicing hospital and medical facilities with doctors, nurses and technicians. It has long-term contracts with the U.S. Army, the U.S. Department of Health and Human Services, and the State of California, to mention a few. 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 State of Pennsylvania for homeland security equipment. MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts.
For information, visit the website at http://www.mssi-intl.com. Shareholders can log onto the shareholder registration form on the Company website to be placed on the mailing list for future 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, and changes in our business strategies.