SPRINGFIELD, Va., Aug. 19, 2014 /PRNewswire/ -- Versar, Inc. (NYSE MKT:VSR) announced today that the joint venture between Geo-Marine/Baer Engineering and Environmental Consulting was awarded a new prime contract from the U.S. Army Corps of Engineers (USACE), Albuquerque District, to provide comprehensive environmental services at Cannon and Holloman Air Force Bases in New Mexico. The contract is a single award with a maximum five-year period of performance consisting of a base period and four option years. The full amount of the base year, approximately $824,000, has been awarded to the JV.
Fence to Fence contracts, include but are not limited to the following services: Environmental, Safety, and Occupational Health Compliance Assessment and Management Program (ESOHCAMP), air quality compliance support, cultural resources, hazardous material management, hazardous waste management, natural resources, pollution prevention, long-term operations and maintenance, long-term monitoring, petroleum, oil, and lubricants (POL) management, solid waste management, Environmental Management System (EMS) support, waste water and storm water annual permitting and monitoring, drinking water monitoring, and systems optimization.
Jeff Moran, Senior Vice President of Versar'sEnvironmental Services Group said, "This award is a great win for the JV partnership with Baer. We have been supporting both Cannon and Holloman Air Force Bases for more than two decades and we're excited to win a Fence to Fence contract that allows us to continue that support for these important clients."
VERSAR, INC., headquartered in Springfield, Virginia, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas. Versar acquired Geo-Marine in September 2013.
VERSAR operates a number of web sites, including the corporate web sites, www.versar.com, www.versarpps.com, and www.jmwaller.com.
This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 28, 2013, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
SOURCE Versar, Inc.