VIENNA, Va., March 8, 2004 (PRIMEZONE) -- MSSI-TeleScience International Inc. (OTCBB:MSSI), a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies as well as the private sector, announced today that it has formed a strategic alliance with Mobile Healthcare Solutions (MHS), a provider of deployable, mobile medical treatment facilities.
MHS provides both soft and hard-sided medical equipment with emergency treatment capability for "first responders" and medical surge capacity for hospitals and other healthcare providers. Its mobile medical facilities may range from first responder systems to 200-500 bed, acute-care or isolation treatment facilities. MHS creates a turnkey package for emergency response purposes by assembling the facilities, supportive infrastructure, medical supplies and equipment, and by providing operational and logistical support to its customers after delivery.
Under the terms of the agreement, MSSI-TeleScience and MHS will work as partners for joint bidding on select projects that strategically fit their combined expertise. In addition, MHS will rely on MSSI-TeleScience to provide medical staffing for various hospitals.
"The alliance of MSSI-TeleScience and MHS produces a very complementary match. Each company's products and services can be marketed more expansively among the other's client base," said Dr. B.B. Sahay, president and CEO of MSSI-TeleScience. "For example, MHS's primary markets include the Department of Homeland Security; Department of Defense; state, county, and city hospitals and other healthcare facilities. MSSI-TeleScience has experience, and provides products and services, in each of these markets. Our network of customers in the medical and homeland security arenas can benefit MHS tremendously. Likewise, we can provide the necessary medical personnel for MHS to fulfill any number of their own engagements."
MHS has bid on $19.9 million in contracts, which are pending for this year. The company's affiliate, Management & Technology Solutions, Inc (MTS), a Disabled Veteran Owned company -- in which MHS has 49 percent ownership -- has been awarded $37 million in contracts.
"We are very excited about our new partnership with MSSI-TeleScience. Our combined resources create extraordinary new capabilities for the fulfillment of these contracts," added Alan McAdams, president of MHS.
About MSSI-TeleScience
MSSI-TeleScience International is a provider of long-term 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.