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MVSI and Senior Management Buy Back Stock

WASHINGTON, April 8 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI), a Washington, D.C. area broad-based technology products and services company, announced today that the Company and members of the board of directors repurchased 250,500 shares or about 2 percent of the Company's outstanding Common Stock in open market and block transactions during its second quarter ended March 31, 1997. This action reflects the board of directors confidence in the Company's fundamental strength and long-term growth prospects.

"We believe the securities of MVSI are currently undervalued based on the Company's recent record revenue and profit performance. We also believe the buy-back of our stock is an attractive investment of corporate funds, as well as being in the best interests of our shareholders," stated Edward Ratkovich MVSI's Chairman, CEO and President.

The Company and its senior management intend to continue to buy back additional MVSI securities in open market or block purchases in compliance with Securities and Exchange Commission regulations. The exact amount of the MVSI securities to be repurchased has not been determined.

MVSI manufactures and integrates machine vision systems for the welding, robotics and semiconductor industries, integrates and markets name brand proprietary and generic high-end computer system products and support services, and distributes computer memory products in modular form for integration by manufacturers of computers, plotters, laser printers and other process controllers.

For additional public information on MVSI, Inc., please contact the Company at its principal executive offices at 8133 Leesburg Pike, Suite 750, Vienna, Va. 22182, telephone, 703-356-5353 and facsimile, 703-356-5354, or contact the Company at its Web site at

 -0- 04/08/97

/CONTACT: MVSI, Inc., Executive Office, 703-356-5353/


CO: MVSI, Inc. ST: Virginia IN: CPR SU:

KS -- DCTU025 -- 9089 04/08/97 12:32 EDT
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Publication:PR Newswire
Date:Apr 8, 1997
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