VIENNA, Va., Nov. 19, 2003 (PRIMEZONE) -- MSSI-TeleScience International Inc. (OTCBB:MSSI), a provider of medical personnel, homeland security and technology services to state and federal government agencies, announced today that its Medical Staffing Division has concluded the first quarter in which it inaugurated contract services under its Federal Supply Schedule contract with the federal government's National Acquisition Center. The contract, otherwise known as the FSS Contract, allows all offices of the federal government to negotiate single-source contracts directly with the Company, and also puts the Company on a preferred "short list" of contractors for medical staffing opportunities. The FSS contract is circulated widely among government contracting offices. The result is that these federal government customers contact the Company continuously, allowing it to pick and choose among the most attractive business opportunities, thus greatly simplifying its marketing efforts.
"This contract exemplifies our status within the federal contracting sector of the government," said Dr. B.B. Sahay, President and CEO. "Our Company's experience and status with this FSS contract will expand our business opportunities as well as improve our ability to increase sales and earnings in the future. We are well positioned as a provider of medical personnel in a government sector that continues to grow year after year. I compliment our management and operations staff on their ability to perform under these contracts."
About the Company
MSSI-TeleScience International is a provider of medical personnel to state and federal government agencies, primarily hospital and medical facilities. The Company also operates a Homeland Security division that provides emergency equipment, decontamination products, vehicles and supplies to state and local governments. Additionally, the Company's Technology Services division provides systems integration and technology services to the federal government.
The Company currently has over 200 employees operating in 24 states. For information, visit the website at www.mssi-intl.com. Shareholders are requested to log onto the shareholder registration form on the Company website in order 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, changes in our business strategies.