To: MikeD who wrote (525) | 8/11/1998 10:58:00 PM | From: Mark Ambrose | | |
MVSI Authorizes Repurchase of up to an Additional 1,000,000 Shares.
biz.yahoo.com
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Tuesday August 11, 3:04 pm Eastern Time
Company Press Release
SOURCE: MVSI, Inc.
MVSI Authorizes Stock Repurchase of up to an Additional 1,000,000 Shares of MVSI Common Stock
VIENNA, Va., Aug. 11 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI - news), a Washington, D.C. area broad-based technology products and services company, announced today that the Company's Board of Directors has authorized the Company to make additional open market stock repurchases of up to 1,000,000 shares of MVSI Common Stock, $.01 par value. MVSI says it plans to buy shares on the open market or block purchases from time to time, depending on market conditions. Since January 1997, the Company and members of the Board of Directors have repurchased approximately 2,000,000 shares, or about 12% of MVSI's outstanding Common Stock, under earlier Board authorizations. This latest repurchase program reflects the Board of Directors' continued confidence in the Company's fundamental strength and long-term growth prospects.
MVSI Chairman Edward Ratkovich stated: ''We believe the securities of MVSI are currently undervalued based on the Company's record revenue and profit performance in the last quarter and our prediction of significantly higher revenues and profits from all sources for the current and foreseeable quarters.''
Chairman Ratkovich concluded: ''Our progress to date in building our software development and information technology (IT) business is going very well. We continue to aggressively address Year 2000 (Y2K) assessment, remediation, testing and verification work; SAP and PeopleSoft implementation; Internet, Intranet and Extranet development; technology training; and custom- built management information systems for corporations and government, directly with our clients or in partnership with other major information technology companies, such as multi-billion dollar Science Applications International Corporation (SAIC) of San Diego, California. These business areas and significant partnerships continue to show the greatest potential for growth and profitability for the Company.''
Certain statements in this press release, including statements containing the words, ''believes,'' ''anticipates,'' ''plans,'' ''expects,'' ''estimates,'' ''prediction,'' ''foreseeable,'' ''significant,'' and similar expressions, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements. Such factors include, but are not limited to: risks in products and technological developments; market acceptance of new products and continuing product demand; the impact of competitive products, services and pricing; and the other factors mentioned in the Company's current and future filings with the Securities and Exchange Commission and 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. |
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To: MikeD who wrote (525) | 8/11/1998 11:05:00 PM | From: Mark Ambrose | | |
MVSI to buy-back up to one million shares
biz.yahoo.com
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Tuesday August 11, 2:55 pm Eastern Time
MVSI to buy-back up to one million shares
VIENNA, Va., Aug 11 (Reuters) - MVSI Inc said on Tuesday its board authorized the repurchase of up to one million common shares of stock in the open market.
The company said it will makes the repurchases from time to time, depending on market conditions.
Chairman Edward Ratkovich said, ''we believe the securities of MVSI are currently undervalued based on the company's record revenue and profit performance in the last quarter.
Ratkovich said he predicts higher revenues and profits in future quarters. |
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To: Mark Ambrose who wrote (527) | 8/19/1998 5:44:00 PM | From: Mark Ambrose | | |
MVSI INC (MVSI) Quarterly Report (SEC form 10-Q)
Management's Discussion and Analysis of Financial Condition and Results of Operations.
Here's the URL:
sec.yahoo.com
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As of June 30, 1998, the Company had 2,099,016 shares of its common stock held in treasury, of which 201,192 shares were purchased during the three months ending June 30, 1998. The shares held in treasury were repurchased as part of two authorized, and publicly announced, open market stock and warrant repurchase programs during calendar year 1997. Subsequent to June 30, 1998, the Company's Board of Director's authorized the Company to make open market repurchases of up to an additional 1,000,000 shares of MVSI Common Stock. Any such repurchases of MVSI Common Stock, by the Company, would be in open market or block transactions in compliance with U.S. Securities and Exchange Commission regulations.
<< snipped >> |
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To: Mark Ambrose who wrote (528) | 8/25/1998 8:04:00 PM | From: Mark Ambrose | | |
MVSI Press Release - Technet gets contract from "Major U.S. Airline"
Here's a link: biz.yahoo.com
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Tuesday August 25, 2:44 pm Eastern Time
Company Press Release
SOURCE: MVSI, Inc.
MVSI Subsidiary Awarded a Contract to Develop A Decision Support Sub-System for a Major U.S. Airline
VIENNA, Va., Aug. 25 /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 a contract to develop and implement a decision support sub-system for a major U.S. airline. The initial scope of the project involves the development of a sub-system designed to provide the airline's information technology team with the capability to monitor all software deployment to include a check system for the security and integrity of the deployed software.
This six-digit contract's value to Technet is the potential it provides to the Company for add-ons and other new business opportunities with this major customer. Here again, the level of exposure and experience on this project will be extremely valuable to Technet in its ongoing efforts to pursue other major national-level software development contracts.
MVSI Chairman Edward Ratkovich stated, ''Technet continues to make excellent 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 numbers, within the United States, Canada and other overseas locations, before the end of 1998. This contract with a major airline demonstrates the growing success of the Company's efforts to establish itself as a nationally recognized provider of outstanding solutions for complex software development projects for corporations and governments.''
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.
Certain statements in this press release, including statements containing the words, ''excellent,'' ''expects,'' ''significant,'' ''growing,'' and similar expressions, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements. Such factors include, but are not limited to: risks in products and technological developments; market acceptance of new products and continuing product demand; the impact of competitive products, services and pricing; and the other factors mentioned in the Company's current and future filings with the Securities and Exchange Commission and 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. |
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To: MikeD who wrote (534) | 9/3/1998 11:54:00 AM | From: JOCKO | | |
The General and the rest of the insiders must be up to something,why else would this company that is so tight lipped with information that they should release,but doesn't,release useless information that will only hurt the stock? How many companys' announce buy backs and then never compleat them,why release this information now that the market is in such Turmoil? Only reason I see is straight stock manipulation,but I haven't a clue as to why,but I'm sure we'll find out soon. good luck to all. |
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