VERSAR APPOINTS NEW PRESIDENT OF ITS VA&E SUBSIDIARY
VERSAR APPOINTS NEW PRESIDENT OF ITS VA&E SUBSIDIARY SPRINGFIELD, Va., Sept. 16 /PRNewswire/ -- Versar, Inc.
(AMEX: VSR), announced today the appointment of Mark A. Swatek, P.E., as president of its Versar Architects & Engineers, Inc. (VA&E) subsidiary. Swatek, operating from VA&E's headquarters in Denver, will have business unit responsibility for VA&E's activities in the Rocky Mountains and Southwestern United States.
Swatek brings 20 years of engineering and environmental consulting experience to Versar. He has provided service to industry and government in all phases of environmental compliance and remediation. Swatek has held executive positions in companies providing a full range of environmental services, from initial site assessments to final remediation. He has specialized expertise in working with corporate management and counsel to develop strategies to achieve regulatory mandated environmental compliance in a cost- effective manner. Swatek joins Versar Architects & Engineers as it is winding up its Chapter 11 bankruptcy case. VA&E filed two alternative plans of reorganization on Aug. 25, 1992. Upon approval of the accompanying Disclosure Statement, the alternative plans will be submitted to creditors for approval. Versar is confident that VA&E's Disclosure Statement will be approved and that the Bankruptcy Court will consider confirmation of the two alternative plans by the end of December. Benjamin Rawls, president and CEO of Versar, said: "Mark has an outstanding record of accomplishment as a manager in the environmental industry and will strengthen VA&E's environmental program. We are looking forward to his leadership as VA&E emerges from bankruptcy this fall." Swatek said: "I am excited about the growth potential of VA&E and the challenge of leading the company through these difficult times. The capabilities and resources of Versar are top notch, and I look forward to being a key member of the Versar team." Versar is a full service environmental firm providing strategic planning, compliance management, remediation and program management services to both government and industry, nationwide. -0- 9/16/92 /CONTACT: Versar Investor Relations, 703-750-3000/ (VSR) CO: Versar, Inc.; Versar Architects & Engineers, Inc. ST: Virginia IN: SU: PER
MH -- DC033 -- 0247 09/16/92 15:29 EDT
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|Date:||Sep 16, 1992|
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