To: Danny Grant who wrote (514) | 6/2/1998 10:15:00 AM | From: Serge P | | |
Tuesday June 2, 9:47 am Eastern Time
Company Press Release
SOURCE: MVSI, Inc.
World Bank Awards MVSI Subsidiary Software Project
VIENNA, Va., June 2 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI - news), a Washington, D.C. area broad-based technology company, announced today that the Company's subsidiary, Technet Computer Services, Inc., has been awarded a Web site software project by the World Bank to develop a software program for one of its divisions. Technet will be responsible for all aspects of programming, navigation and graphic design for this project.
Chairman Edward Ratkovich stated: ''This award from the World Bank is the result of our aggressive efforts to leverage our considerable capabilities in software development and information technology (IT) for corporations and governments. We look forward to performing the project for this pre-eminent international financial institution. This software project is potentially significant to the Company in terms of future business opportunities with this world-class client and similar international banking institutions.''
The World Bank, headquartered in Washington, D.C., is owned by 180 nations and annually makes on average over $15 billion in development loans to nations for economic development projects.
MVSI performs computer software engineering and development for systems applications, including implementing Year 2000 remediation solutions for corporate and government clients. For the same customer base, MVSI integrates and markets proprietary and generic high-end computer system hardware and software products and support services to include technology training in advanced hardware and software systems.
Statements made in this Press Release that are not historical or current facts are ''forward-looking statements'' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Actual risks and results may vary significantly based on a number of factors, including, but not limited to: risks in products and technological developments; market acceptance of new products and continuing product demand; the impact of competitive products and pricing; and other factors mentioned in the Company's current and future filings with the Securities and Exchange Commission and other public announcements.
For additional public information on MVSI, Inc., please contact the Company at its principal executive offices at 8133 Leesburg Pike, Suite 750, Vienna, Virginia 22182, telephone (703) 356-5353 and (703) 356-5354 facsimile. MVSI, Inc.'s Web site is located at www.mvsiinc.com.
SOURCE: MVSI, Inc.
More Quotes and News: MVSI Inc (Nasdaq:MVSI - news) Related News Categories: computer peripheral, computers
|
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
To: Serge P who wrote (515) | 6/4/1998 11:02:00 AM | From: Five2Mil | | |
I love the way they word their press releases. This is a simple web page development project. worth at best a few thousand dollars. They are trying to use the world bank name. Press Releases like this will hurt their credibility in future. No wonder the 10 million project did not increase the stock price. Noone believes the company anymore
Five2Mil |
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
To: Five2Mil who wrote (516) | 6/4/1998 10:28:00 PM | From: Crusader | | |
New to SI as of 10 minutes to midnight last night. Had to beat the deadline. MVSI is one of my faves. Made good money (for me anyway)trading it last year. Looking to get back in, but want more substantial announcements myself. |
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: Danny Grant who wrote (514) | 6/24/1998 11:04:00 AM | From: Danny Grant | | |
News Release.
MVSI Expansion Into New Products and Services Results in Significant Order Backlog
PR Newswire - June 23, 1998 10:32
MVSI %CPR V%PRN P%PRN
VIENNA, Va., June 23 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI), a Washington D.C. area broad based technology company, announced today that its business backlog for delivery in the next quarter currently exceeds $8 million. This strong backlog for the Company follows an expected near record revenue of approximately $14 million for the quarter ending June 30, 1998. The significance of the new business and backlog is directly related to the expanded software and hardware products and services being offered by the Company. MVSI's subsidiary Socrates Technologies, Inc. (Socrates) recently appointed David Blankenhorn to be Vice President of their UNIX Computing Division. Mr. Blankenhorn was the founder and President of a privately held UNIX integration firm, specializing in high-end mission critical UNIX based solutions on multiple platforms.
Mr. Abbas Fathi, President of Socrates, stated, "The addition of Mr. Blankenhorn, who has over 10 years experience in the Enterprise UNIX computing arena, to our staff greatly strengthens our commitment to becoming a total Information Technology (IT) solutions company. With a backlog of over $1 million for UNIX products and services, and the addition of Mr. Blankenhorn to manage the business, Socrates is striving to become an industry leader in Enterprise UNIX solutions, one of several new systems applications business areas with higher profit margins that the Company is pursuing."
Mr. Edward Ratkovich, Chairman of MVSI, stated, "Our aggressive pursuit of new IT business areas is in keeping with our strategy for achieving higher profit margins and profitability as outlined in our May 14, 1998 press release, and as presented to our shareholders at the May 29, 1998 annual shareholders meeting. The percentage is growing for higher margin software and hardware products and services to include integration and networking services and Year 2000 remediation projects. These are the business areas where we need to be in order to fully exploit the Company's significant revenue and profit potential. We are very pleased with the progress being made so far in this regard." |
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: Danny Grant who wrote (514) | 6/24/1998 11:06:00 AM | From: Danny Grant | | |
Are backlogs considered a good thing?!?
I can see yes in the fact that there is business to come but does that mean they don't have enough people right now?
Danny |
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: Danny Grant who wrote (514) | 7/9/1998 8:16:00 PM | From: SAF | | |
All,
Rumor...
I know this is a dead thread, but I thought I'd post the rumor on the YAHOO thread. The company is being sold?? Does anybody have any info to confirm or deny this? Stock price isn't screaming upward, so I'd assume that it hasn't leaked to the money boys.
SAF |
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
To: Danny Grant who wrote (522) | 7/13/1998 10:17:00 PM | From: Crusader | | |
I called IR around 12:30 and asked about the takeover rumor. I was told that they had no knowledge of any potential suitors and that there are always rumors floating around. I asked if he knew why the price was going up, and he said that he had no idea but to enjoy the rise. As far as earnings, he said they had 45 days after June 30 & they didn't know when it would be. From my past experience, this is typical and one area where they could surely improve. A company that expects to continually improve their shareholder value will try to report quickly and will have a set date that they will report on. I'm not a shareholder at the moment, but I like the company, and hope they do report the high revs they are expecting (14 mil, I believe I've read).
Crusader |
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
To: Five2Mil who wrote (516) | 7/24/1998 5:26:00 PM | From: Mark Ambrose | | |
How about this one? Six-digit dollar amount order from Chrysler Corp.
biz.yahoo.com
----------------------------------------------------------------------
Friday July 24, 2:42 pm Eastern Time
Company Press Release
SOURCE: MVSI, Inc.
MVSI Subsidiary Awarded Order to Develop an Intranet Subsystem for Chrysler Corporation
VIENNA, Va., July 24 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI - news), a Washington, D.C. area broad based technology company, announced today that its subsidiary, Technet Computer Services, Inc. (''Technet''), had been awarded an order to develop, implement and test an Intranet-based configuration subsystem for Chrysler's Quality Alert System (QAS). The QAS enables Chrysler's assembly plants to detect and correct quality problems and, thereby, maintain the high quality of Chrysler's products. The subsystem being developed by Technet is designed to enhance the capabilities of QAS systems users to more comprehensibly monitor and configure the performance of the QAS via their worldwide Intranet.
The true value of this order to Technet is not its six-digit dollar amount, but the potential it provides the Company for add-ons and other new business opportunities with Chrysler and other Fortune 100 corporations. The level of exposure and experience on this project is extremely valuable to Technet's efforts to effectively compete with larger companies for major software development contracts.
Technet is actively promoting its Internet, Intranet and Extranet software development capabilities. This order for Chrysler represents the second Internet/Intranet development project that Technet has received for a major multi-national corporation in the past two months. The importance of both orders is that they demonstrate significant progress in the Company's efforts to establish itself as a nationally recognized provider of outstanding solutions for complex software development services to corporations and governments.
MVSI Chairman Edward Ratkovich stated, ''Technet is making steady progress in expanding in its customer base, especially for custom software development, SAP and PeopleSoft implementation and Year 2000 remediation services. We expect to see Technet's software programming staff increase significantly in size before the end of 1998 in response to the growing demand for Technet's services, all of which should provide for higher profit margins.''
MVSI performs computer software engineering and development for systems applications, including implementing Year 2000 remediation solutions for corporate and government clients. MVSI also integrates and markets proprietary and generic high-end computer system hardware and software products and support services to include technology training in advanced hardware and software systems.
Statements made in this Press Release that are not historical or current facts are ''forward looking statements'' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Actual risks and results may vary significantly based on a number of factors, including, but not limited to: risks in products and technological developments; market acceptance of new products or services and continuing demand for those products and services; the impact of competition; and other factors mentioned in the Company's current and future filings with the Securities and Exchange Commission and other public announcements.
For additional public information on MVSI, Inc., please contact the Company at its principal executive offices at 8133 Leesburg Pike, Suite 750, Vienna, Virginia 22182, Telephone 703-356-5353, Fax 703-356-5354 and e-mail mvsi@erols.com.
SOURCE: MVSI, Inc. |
| MVSI - AN UNDISCOVERED GEM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |