VIENNA, Va., Dec. 12, 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 Technology Division will expand its suite of products and services offered to the Federal Government by gaining approvals to market under additional GSA procurement schedules. Specifically, the Company has filed for approval to market on the GSA Schedule 084 that covers the procurement of products and services related to Homeland Security. The Division has been previously marketing information technology (IT) services to the government as an approved vendor on the GSA Schedule 70.
GSA schedules allow Federal Government agencies to order directly from approved vendors through published price lists for products and services. In 2004, approximately one-third of all Federal IT products and services will be purchased through the GSA Schedule 70. Of the approximate $60 billion Federal IT budget for 2004, the Dept. of Homeland Security has the second largest allocation among the civilian agencies.
"We see a tremendous opportunity in 2004 to capture new business in both the IT and Homeland Security areas with our products and services expertise," said Dr. B.B. Sahay, President and CEO. "Our staff has already identified and begun to work on proposals in those areas in which we can add-value, both as a prime contractor and as a sub-contractor." The potential value of these initial projects could reach $2.5 million.
In the Homeland Security area, the Technology Division provides premium decontamination and personal protection equipment along with consulting services. In the Information Technology area, the Company provides software, IT services and wireless solutions.
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, and changes in our business strategies.