VIENNA, Va., April 5, 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, has been awarded a five-year contract from the Air Force Medical Logistics Agency to fulfill staffing requirements at Keesler Air Force Base in Biloxi, Mississippi. The contract is expected to generate more than $386,000.00 in revenue for MSSI-TeleScience throughout the contract period, which includes a base year and four option years.
"Given our strong technical proposal and solid record of prior performance on similar work, we believe price was a secondary consideration in MSSI's win of this new contract," said Dr. B.B. Sahay, president and CEO of MSSI-TeleScience.
MSSI's contract work for the Air Force Medical Logistics Agency began more than three years ago with a medical staffing assignment through a federal program for disadvantaged businesses. The new contract was awarded on a competitive basis.
In written references, the United States Air Force has frequently described MSSI as a "dependable provider of medical services."
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 22 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 Commonwealth 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.