VIENNA, Va., Nov. 28, 2003 (PRIMEZONE) -- MSSI-TeleScience International Inc., (OTCBB:MSSI), a provider of medical personnel, homeland security and technology services to federal, state and local government agencies, announced today that its Medical Staffing Division has received notification of three new government contract awards which total nearly $250,000 for the base term agreements. Each of the three contract awards includes an option for the agency to continue funding the position, thus providing the Company with an opportunity to earn additional revenues above the base amount.
Two of the medical staffing awards are through the Dept. of Veterans Affairs. One is at the Hampton, Virginia, Medical Center and the other is at the Washington, DC, Veterans Affairs Medical Center. In Hampton, VA, the Company will provide a full-time Orthopedic Physician Assistant for 90 days with an option to continue the position. Should the agency exercise the option, the Company will see an increase in the revenue generated by this award. This award represents the second position the Company has won in the Virginia Tidewater region recently.
In the DC Medical Center, the Company will provide a Laboratory Technician for one year with an option to continue the position for an additional year. Similarly, if the agency exercises this option, the Company, in effect, will double the revenue generated by this one position. In this particular position, the technician will participate in research involving mental illness.
In the third contract award, through the California State Department of Corrections, the Company will provide a Certified Nursing Assistant to work at the Calipatria State Prison, which is located in Southern California. The award represents the third task order the Company has received by the prison system in Southern California.
"We are pleased with these three new contract announcements and with the success of our overall business development efforts with the federal and state agencies," said Dr. B.B. Sahay, President and CEO. "As the demand for our services continues to increase, we anticipate a growing number of new contract awards as well as extensions to existing contracts."
About the Company
MSSI-TeleScience International is a provider of medical personnel, homeland security and technology services to federal, state and local government agencies. 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 Department of Health and Human Services, and the State of California to mention a few. Its 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 contract with the State of Pennsylvania. The Company currently has over 200 employees and continues to grow its staff and contracts.
For information, visit the website at 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, changes in our business strategies.