Energetics Wins Contract Award from U.S. Department of Homeland Security to Support Its Voluntary Private-Sector Preparedness Program.New Award Represents Potential Revenues of Approximately $3.4 Million ALEXANDRIA, Va. -- VSE See DOS/VSE. VSE - Virtual Storage Extended Corporation (Nasdaq: VSEC) reported today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Energetics en·er·get·ics n. (used with a sing. verb) 1. The study of the flow and transformation of energy. 2. The flow and transformation of energy within a particular system. Incorporated, was awarded a contract from the U.S. Department of Homeland Security's (DHS's) Voluntary Private-Sector Preparedness Program (PS-PREP). The total value of the new contract over its one year base period and two option years is $3.4 million. Through this contract Energetics will provide Mission Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to assist the PS-Prep Program in its purpose to promote private-sector preparedness in 18 critical infrastructure and key resource (CIKR CIKR Critical Infrastructure and Key Resources ) sectors. Through direct outreach, engagement, and dialogue with members of the CIKR sectors, Energetics will assist in securing significant leadership from the private sector in the development of implementing frameworks to apply standard compliance to the unique preparedness challenges faced by each of the 18 CIKR sectors. Energetics President James E. Reed said, "The lack of private-sector preparedness was a central finding of the 9/11 Commission Report and is the source of the Commission's recommendation to promote voluntary private-sector preparedness standards for disaster management, emergency management, and business continuity. We are pleased to apply our experience in building partnerships with the CIKR sectors and our understanding of the unique characteristics of these infrastructure sectors to assist in the implementation of the PS-Prep Program." About Energetics Energetics Incorporated, a wholly-owned subsidiary of VSE Corporation, is a technical and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm headquartered in Columbia, Maryland Columbia is a census-designated place and planned community in Howard County, Maryland, United States. It is a suburb of Baltimore, and, to a lesser degree, Washington, DC. It began with the idea that a city could enhance its residents' quality of life. . Energetics specializes in a range of energy, environmental, homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , and global health issues. Its staff of engineers, scientists, economists, policy and business analysts, environmental specialists and marketing professionals assists public and private-sector clients with the management of research, development and demonstration programs; strategic and tactical planning; engineering, economic, and environmental analysis; the development of public/private partnerships; and outreach and communications. For more information on services and products provided by Energetics, please see the Company's web site at www.energetics.com or contact Brad Spear, Director of Business Development, at (202) 479-2748. About VSE VSE marked its 50th year as a government contractor A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. in 2009. VSE is a diversified Federal Services company of choice for solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for consulting and program management, logistics, equipment and vehicle/vessel refurbishment, engineering, information technology, energy consulting, and construction program management. For additional information on VSE services and products, please see the company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6065870&lang=en |
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