NEWS & EVENTS
Versar announces a New Forbearance Agreement

September 30, 2016

VERSAR, INC. ANNOUNCES NEW FORBEARANCE AGREEMENT; TAKES NEXT STEPS IN PROCESS TO IMPLEMENT NEW CREDIT FACILITY Versar, Inc. (NYSE MKT: VSR) today announced its next steps towards addressing its long term liquidity needs, as described in the Company?s May 26, 2016 and July 1, 2016 8-K filings with the Securities and Exchange Commission.

Versar Announces Signing Of Term Sheet For New Credit Facility

September 7, 2016

Versar, Inc. (NYSE MKT: VSR) today announced that it has signed an indicative term sheet with an undisclosed lender for a new credit facility to take effect upon completion of due diligence and negotiation of final deal terms. This new credit facility will replace Versar's existing Loan Agreement with Bank of America, which is currently subject to a forbearance agreement through the end of September 2016.

VERSAR, INC. JOINT VENTURE AWARDED $4.4M IN TWO NEW TASK ORDERS IN SUPPORT OF AIR NATIONAL GUARD FUEL FACILITIES UPGRADES AND REPAIRS

September 15, 2016

Versar, Inc. (NYSE MKT: VSR) announced today that its long-term joint venture with Johnson Controls Federal Systems was awarded two new Task Orders for work at McLaughlin Air National Guard (ANG) Base, housed at Yeager Airport in Charleston, WV and at New Castle ANG Base in Delaware.

Versar's professional services group awarded key task order serving the U.S. Army Reserve 88th Regional Support Command

August 30, 2016

Versar, Inc. (NYSE MKT: VSR) announced today that the General Services Administration has awarded the Company a Task Order to provide the U.S. Army Reserve 88TH Regional Support Command (RSC) with Operations, Plans, Engineering and Environmental Technical Support. Versar?s Professional Services Group (PSG) will perform these varied and sophisticated services across the 88th RSC's vast 19 state area of responsibility. The task order has a five-year period of performance and is valued at an estimated $37 million.

Versar Awarded up to $20M IDIQ Contract with EPA

September 6, 2016

Versar, Inc. (NYSE MKT: VSR) announced today that it was awarded one of three IDIQ contracts in support of the Environmental Protection Agency's (EPA) Office of Pesticide Programs (OPP) providing scientific data reviews and evaluations to support pesticide registration. The contract's period of performance runs through July 2021. The minimum guarantee is $25K and the maximum is $20M. Task orders will be competed among the three contract awardees.

VERSAR Professional Services Group Secures Another Win With Long-Term Teaming Partner, Health Facility Solutions Company

August 22, 2016

Versar, Inc. (NYSE MKT:VSR) today announced that the U.S. Army Corps of Engineers, Savannah District, has awarded long-time teaming partner, Health Facility Solutions Company, a not to exceed $8 million five-year (three-year base period and one two-year option) contract for the provision of construction management services These services include assistance and guidance to field offices, construction quality assurance inspection and reporting, review of contract documents and shop drawings, review of Network Analysis Schedules and quality control plans, and investigation and reporting of construction contractor claims.

Versar Announces Growth in Iraq Personal Services Contract adding $2.5 million.

August 15, 2016

By this modification, USACE exercises a second and final option year, ending in August 2017, and adds $2.5 million in funding to the original contract. Under this contract, personnel supporting USACE-MED ensure the performance of quality assurance, warranty, material and equipment inspections and on-site monitoring of geographically dispersed construction sites requiring Iraqi National project, administration and technical support.

NEW CONTRACT FOR CRITICAL ENVIRONMENTAL WORK ON BEHALF OF AIR FORCE CIVIL ENGINEER CENTER

July 6 2016

The contract provides for the performance of Title I and Title II architectural-engineering (A-E) and other A-E services, primarily for multidisciplinary environmental projects, including planning and programming, environmental restoration, quality (environmental compliance and pollution prevention), and environmental conservation services.

Versar, Inc. Announces 3rd Quarter Fiscal 2016 Results

May 16, 2016

Revenue for the third quarter of fiscal year 2016 decreased 8% to $36.5 million, compared to revenues of $39.8 million during the third quarter of last fiscal year. Gross margin decreased to 4%, compared to 8% in the same prior year quarter, due to a variety of factors including some lower margin work, costs due to project design changes, and order delays for our PPS subsidiary. This includes a one-time charge of $0.5 million for abandoned lease facilities. Selling, general and administrative expenses increased to $3.0 million in the third quarter, as compared to $2.7 million in third quarter fiscal 2015, primarily related to an estimated $0.6 million in costs related to the Company's acquisition of Versar Security Systems. Net loss for the quarter was $13.3 million or ($1.34) per share compared to net income of $0.3 million or $0.03 per share in the same period of fiscal 2015.

VERSAR, INC. AWARDED $47.8 MILLION CONTRACT EXTENSION FOR CONTINUED EFFORTS TO SUPPORT FEDERAL AVIATION ADMINISTRATION

April 6, 2016

Springfield, VA April 6, 2016 Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded a $47.8 million contract extension for its ongoing efforts to support the Federal Aviation Administration's (FAA) Security System Design and Integration (SSDI) Program. The contract extension is for one two-year base period and two six-month option periods. This contract modification was awarded under the FAA's contract with Johnson Controls Security Systems, which Versar purchased from Johnson Controls, Inc. in late 2015 and is now known as Versar Security Systems (VSS). Under this modification, VSS will continue to provide physical security design and implementation services and support the migration of physical security systems onto the FAA's IT Enterprise. Tony Otten, CEO of Versar said, We are very pleased to continue our quality support of the Federal Aviation Administration, a long term client of VSS. This contract extension will enable VSS to continue to provide Security System Design and Integration services to FAA facilities throughout the United States. We're confident that our capabilities are aligned with the requirements of the contract. VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, and professional services market areas. VERSAR operates the following websites: www.versar.com and www.versarpps.com. This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 26, 2015, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

Versar Announces Second Quarter Fiscal 2016 Results

February 15, 2016

Revenue for the second quarter of fiscal year 2016 increased 39% to $47.3 million, compared to revenues of $34.2 million during the second quarter of the last fiscal year and by 5% sequentially as compared to the fiscal first quarter of 2016. Gross margin decreased to 8%, compared to 10% in the same prior year quarter, primarily due to product mix, but increased sequentially as compared to gross margin of 5% in the first quarter of fiscal 2016. Selling, general and administrative expenses increased $0.4 million in the second quarter, primarily related to an estimated $0.6 million in costs associated with the Company?s acquisition of VSS, as well as some other payroll-related items. As a percentage of sales, SG&A expenses decreased to 7% compared to 9% in the second quarter of last year. Net income for the quarter was $67,000 or $0.01 per share compared to net income of $277,000 or $0.03 per share in the same period of fiscal 2015

Versar, Inc. Awarded $2.4 Million Design/Build Contract from Air Force contracting agency for repairs at Atlantic City International Airport

February 11, 2016

Springfield, VA. Versar, Inc. (NYSE MKT: VSR) announced today that it was awarded a $2.4 million firm fixed price contract for construction and engineering activities supporting the Sustainment, Restoration, and Modernization Acquisition Task Order Contract (SATOC) IDIQ with the Air Force Installation Contracting Agency(AFICA), held with joint venture partner, Johnson Controls Federal Systems.

Springfield, VA - Versar (MYSE MKT: VSR) today announced financial results for the fiscal first quarter ending September 5th 2015

November 5, 2016

Gross revenue for the first quarter of fiscal year 2016 increased 52% to $44.9 million, compared to revenues of $29.6 million during the first quarter of the last fiscal year. Gross margins decreased to 5%, compared to 9% in the same prior year quarter, primarily due to product mix and approximately $200,000 in one-time expenses related to the Company?s acquisition of Johnson Controls Security Systems (JCSS), now known as Versar Security Systems (VSS). Net loss for the quarter was $431,000 or ($0.04) per share compared to a net loss of $89,000 or a loss of ($0.01) per share in the same period of fiscal 2015.

VERSAR, INC. AWARDED $7.1 MILLION FOR WORK AT JOINT BASE ANDREWS

November 17, 2015

Tony Otten, CEO of Versar said, ?This MATOC contract gives us the ability to demonstrate Versar?s unique capabilities in support of this critical facility repair and renewal program, using responsive, high quality, design-build solutions. We are pleased to continue our extremely successful relationship with the CEHNC and USACE.?

Joint Venture Awarded $2.1M Task Order with NAFAC Atlantic

December 3, 2015

Springfield,VA Versar, Inc. (NYSE MKT: VSR) announced today that the joint venture between Geo-Marine/AECOM was awarded a $2.1 million task order under its Naval Facilities Engineering Command (NAVFAC) Natural Resources multiple award IDIQ contract to develop predictive models to understand the dynamics of and define the source of the sediment/material transportation near and adjacent to Naval Submarine Base Kings Bay, GA. This will include the development mitigation alternatives that will reduce the frequency of sediment accumulation.

Versar Inc. Awarded Two New Order Valued at $17.1 Million by the U.S. Army Corps of Engineers To Professional Services Group (PSG)

Springfield, VA, November 3, 2015,:Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded two new task orders under its existing Personal Services Contract in Afghanistan. The year-long task orders were awarded by the U.S. Army Corps of Engineers (USACE), Middle East District (TAM). The Personal Services Contract provides Afghan engineering and technical staff to work with USACE personnel overseeing construction projects throughout Afghanistan. The combined value of the new task orders is $17.1 million, representing continued significant growth in Versar's four-year long contract with USACE, which expires in September 2016.

Versar Inc. Awarded 3.5 million Contract from Air Force Reserve Command

Oct. 29, 2015

Versar, Inc. (NYSE MKT: VSR) announced today that its wholly-owned subsidiary, J.M. Waller Associates, Inc., has been awarded a $3.5 million contract from the Air Force Reserve Command (AFRC) for the update of existing Facilities Operations Capability and Utilization Survey (FOCUS) studies at the following locations: Niagara Falls ARS, Minneapolis-St Paul ARS, Keesler AFB, Luke AFB, Peterson AFB and Portland IAP. FOCUS II is comprised of three stages: a Facility Utilization Survey, a Facility Condition Assessment and a programming and planning effort.

Versar, Inc. Announces Q1FY16 Earnings Conference Call

October 29, 2015

Springfield,VA.,Versar, Inc. (NYSE MKT:VSR) will hold a conference call at 2:00 PM Eastern Time on Thursday, November 5 to discuss the Company?s operational performance and financial results for the first quarter of its fiscal year 2016, ended September 25, 2015. Versar will release its 1Q FY2016 Form 10-Q and 1Q financial results press release before the market opens on November 5, 2015.

Versar, Inc. (NYSE MKT: VSR) announced today that is has completed the acquisition of Johnson Controls Security Systems

October 1, 2015

JCSS, which will now be known as Versar Security Systems, is headquartered in Gaithersburg, Maryland, generated approximately $34 million in trailing twelve month revenues from key long term customers such as the Federal Aviation Administration and the Federal Emergency Management Agency. The acquisition also brings a significantly funded backlog and is expected to be accretive immediately

VERSAR, INC. JOINT VENTURE AWARDED $2.5 MILLION

September 17th, 2015

Springfield, VA-Versar, Inc. (NYSE MKT: VSR) announced today that its joint venture with Johnson Controls Federal Systems has been awarded a $2.5 million Sustainment, Restoration & Modernization (SR&M) Acquisition Task Order Contract (SATOC) with the Air Force Civil Engineer Center (AFCEC). Under this contract, awardees will provide construction services at Mountain Home Air Force Base (AFB) in Idaho. The contract is a single award and is expected to be completed by April 2016.

Versar Anounces Record Revenues for Fourth Quarter

September 15, 2015

Gross margins improved to 8%, compared to 4% in the same prior year quarter. Net income for the quarter was $954,000 or $0.09 per share compared to a net loss of $965,000 or a loss of $0.10 per share in the same period of fiscal 2014. In the fourth quarter of 2014, net loss included $(0.01) from discontinued operations.

VERSAR, INC. ANNOUNCES AGREEMENT TO ACQUIRE FEDERAL SECURITY INTEGRATION BUSINESS FROM JOHNSON CONTROLS

September 9, 2015

Versar, Inc. (NYSE MKT: VSR) announced today that it has signed a definitive agreement to acquire Johnson Controls' specialized federal security integration business, known as Johnson Controls Security Systems (JCSS). Headquartered in Gaithersburg, Maryland, JCSS is a CAS-compliant security systems integrator serving Federal clients by designing, installing and supporting complex physical security, network security, and facilities management systems. The acquisition price of $20M will be satisfied with cash and contingent consideration. The deal is expected to be accretive in the first year. The agreement between the parties provides that the transaction is expected to close on or before September 30, 2015, assuming all conditions to close are satisfied.

Versar,Inc. Named one of Five Unrestricted Firms competing for Projects under MATOC with Maximum capacity of $290 Million

June 25, 2015

Versar, Inc. (NYSE MKT: VSR) announced today that its wholly owned subsidiary, Geo-Marine, Inc., is one of five unrestricted firms that have been awarded a new prime contract from the U.S. Army Corps of Engineers (USACE), Engineering and Support Center, Huntsville, AL. This Design/Build Contract is to provide repair and renewal services for Government facilities, systems, and equipment throughout the United States, U.S. territories, Japan, and Korea in support of the Facility Repair and Renewal Program. Task Orders are intended to provide quick inspection/design/build response for facility repair, renovation, conversion, alterations, additions, construction and the procurement/installation of equipment at Government installations and facilities. The MATOC contract has a maximum 24-month base period and three 12-month optional order periods, for a total of five years. The maximum contract capacity is $290 million. Each unrestricted task order issued under this contract will be competed for by the five firms in that pool.

VERSAR, INC. AWARDED A $2.8 MILLION CONTRACT FROM THE GENERAL SERVICES ADMINISTRATION

June 23, 2015

Versar, Inc.(NYSE MKT:VSR) announced today that its wholly-owned subsidiary, J.M. Waller Associates, Inc., was awarded a new contract from the General Services Administration (GSA) to provide onsite professional engineering and program management advice, assistance and support for civil engineering activities related to various services performed at the Air National Guard Readiness Center, National Guard Bureau NGB/A7CP, at Andrews AFB, Maryland.

VERSAR, INC. AWARDED $1.2 MILLION CONTRACT FROM U.S. ARMY CORPS OF ENGINEERS

May 19, 2015

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that the team of Health Facility Solutions Company (Prime Contractor) and Versar, Inc. (Subcontractor) has been awarded a new task order on its U.S. Army Corps of Engineers (USACE) Louisville District contract, to provide Performing Planning Systems Support at five sites: Fort Belvoir, VA; Fort McCoy, WI; Fort Dix, NJ; Fort Jackson, SC; and Moffett Federal Airfield, CA. This contract provides automated planning and technical support to ensure personnel and facilities requirements are properly documented to provide sufficient operational readiness, mobilization and deployment for reserve component forces

VERSAR, INC. TO PRESENT AT B. RILEY & CO. 16th ANNUAL INVESTOR CONFERENCE

May 5, 2015

Versar, Inc. (NYSE MKT:VSR) announced today that Tony Otten, Chief Executive Officer, will be presenting at the B.Riley & Co. 16th Annual Investor Conference on Tuesday, May 12, 2015 at the Loews Hollywood Hotel in Los Angeles, California. The presentation will take place at 10:00 a.m. Pacific Time in the Echo Park Room.

VERSAR, INC. AWARDED $11 MILLION CONTRACT TO CONTINUE WORK AT JOINT BASE LEWIS-MCCHORD

April 28, 2015

Versar, Inc. (NYSE MKT: VSR) announced today that the team of AGEISS, Inc. (Prime Contractor) and Versar, Inc. (Subcontractor) was awarded a new contract from U.S. Army Corps of Engineers (USACE) Seattle District to provide comprehensive environmental quality support services at Joint Base Lewis-McChord and Yakima Training Center, Washington state. The firm fixed price contract has a maximum five year period of performance consisting of a base year and four option years. Versar?s portion of this contract during the stated period of performance is $11 million.

Versar, INC. Announces Second Quarter 2016 Earnings Conference Call

February 3, 2016

Springfield, VA-February 3, 2016 Versar, Inc. (NYSE MKT: VSR) will hold a conference call at 2:00 PM Eastern Time on Tuesday, February 16, 2016 to discuss the Company's operational performance and financial results for the second quarter and first six months of Fiscal Year 2016, ended January 1, 2016. Versar will release its 2QFY2016 Form 10-Q and 2Q financial results press release before the market opens on February 16, 2016

VERSAR, INC. ANNOUNCES RECORD REVENUES FOR THIRD QUARTER FISCAL 2015

May 8, 2015

Gross revenue for the third quarter of fiscal year 2015 increased 41% to $39.8 million, compared to revenues of $28.2 million during the third quarter of the last fiscal year. Sequentially, revenues increased 16% as compared to the second quarter of fiscal 2015. Gross margins improved to 8%, compared to 5% in the same prior year quarter. Net income for the quarter was $262,000 or $0.03 per share compared to a net loss of $131,000 or a loss of $0.01 per share in the same period of fiscal 2014. In the third quarter of 2014, net income included $0.01 from discontinued operations and ($0.02) from continued operations.

VERSAR, INC. JOINT VENTURE AWARDED $7 MILLION CONTRACT TO PROVIDE DESIGN-BUILD CONSTRUCTION SERVICES AT KUWAIT NAVAL BASE

April 23rd, 2015

Versar, Inc. (NYSE MKT: VSR) announced today that its joint venture with Johnson Controls Federal Systems has been awarded a $7 million Sustainment, Restoration & Modernization (SR&M)Acquisition Task Order Contract(SATOC) with the Air Force Civil Engineer Center (AFCEC). The contract will provide design-build services for repairs of the Blue Brick Buildings at Kuwait Naval Base (KNB), Kuwait. The contract is a single award and is expected to be completed by July 2017.

VERSAR, INC. AWARDED GENERAL SERVICES ADMINISTRATION CONTRACT VALUED AT $4.5 MILLION

April 21, 2015

The firm fixed price contract is a single award with a maximum five-year period of performance consisting of a one base year and four option years. The maximum contract capacity is $23 million and the full amount of the base year is approximately $4.5 million.

Versar, inc. Awarded $4.6 million in multiple task orders for continued work on behalf of the 88th reserve support command and the army reserve installation management directorate

April 12, 2016

Versar received a task order extension, valued at $3.5 million, to its current Operations, Plans Engineering and Environmental technical program to support the 88th Reserve Support Command (RSC), headquartered at Ft. McCoy, Wisconsin. Versar personnel have supported the 88th RSC's Directorate of Public Works in all aspects of managing its nearly 365 facilities in its vast 19-state area of responsibility. Versar's on-site professionals have successfully performed this work for nearly ten years.

Versar, Inc. Announces Q2 Fiscal 2015 Results

February 5th, 2015

Gross revenue for the second quarter of fiscal year 2015 increased 22% to $34.2 million, compared to revenues of $28.0 million during the second quarter of the last fiscal year. Sequentially, revenues increased 15% as compared to the first quarter of fiscal 2015.

Versar Announces 2Q FY 2015 Earnings Conference Call

January 29, 2015

Springfield, VA - Versar, Inc. will hold a conference call at 2:00 PM Eastern Time on Thursday, February 5 to discuss the Company's operational performance and financial results for the second quarter of its fiscal year 2015, ended December 26, 2014. Versar will release its 2QFY2015 Form 10-Q and 1Q financial results press release before the market opens on February 5, 2015.

VERSAR, INC. JOINT VENTURE AWARDED $2 MILLION CONTRACT TO PROVIDE DESIGN-BUILD CONSTRUCTION SERVICES FOR UPGRADES AND REPAIRS AT CAMP ARIFJAN, KUWAIT

January 13, 2015

Springfield, VA., January 13, 2015, Versar, Inc. (NYSE MKT: VSR) announced today that its joint venture with Johnson Controls Federal Systems has been awarded a $2 million Sustainment, Restoration & Modernization (SR&M) Acquisition Task Order Contract (SATOC) with the Air Force Civil Engineer Center (AFCEC). The contract will provide construction services at Camp Arifjan, Kuwait including upgrades and repairs at the Oasis Dining Facility and HVAC re-engineering work at Building 505. The contract is a single award with a 20-month period of performance.

Versar to Present at Noble Financial Capital Markets' 11th Annual Equity Conference

January 12, 2015

Springfield, VA - Versar, Inc. announced today that Tony Otten, Chief Executive Officer, will be presenting at Noble Financial's Eleventh Annual Equity Conference on Monday, January 19, at Club Med in Sandpiper Bay, Florida. The presentation will take place at 10:00 a.m. in Room 4.

Versar, Inc. Joint Venture Awarded $6.1 Million in Design/Build/Repair Task Orders by Air Force Civil Engineering

January 6, 2015

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that its joint venture with Johnson Controls Federal Systems has been awarded $6.1 million in Design/Build/Repair task orders for the repair of electrical, water transmission, and compressed air systems at Kaena Point Satellite Tracking Station, Hawaii and Laughlin AFB, Texas. These task orders were awarded under the S/R&M Acquisition Task Order Contract (SATOC) IDIQ with the Air Force Civil Engineer Center (AFCEC)., The SATOC IDIQ primarily services AFCEC customers, providing a fast track, efficient method for executing all types of facility repairs, renovations and construction.

Versar, Inc. Awarded $5.1 Chemical Splash Protective Suit Framework Contract from U.K.

November 4, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that its wholly-owned subsidiary, Versar PPS, will supply the United Kingdom's Department for International Development (DFID) with chemical splash protective suits. The contract is a single framework award valued at $5.1 million.

Versar, Inc. Awarded Additional $800k Contract

November 12, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that its wholly-owned subsidiary, VersarPPS, has received an additional $800 thousand award to supply the United Kingdom?s Department for International Development (DFID) with chemical splash protective suits. This additional award combined with the previously announced award of $5.1 million, brings the total contract value to approximately $6.0 million

Versar, Inc. Announces First Quarter Fiscal 2015 Results

November 5th, 2014

Financial Results Gross revenue for the first quarter of fiscal year 2015 increased to $29.6 million, compared to revenues of $29.1 million during the first quarter of the last fiscal year. Sequentially, revenues increased 18% as compared to the fourth quarter of fiscal 2014. The Company reported a slight decrease in gross margins for the quarter to 9% as compared to gross margins of 10% in the same prior year quarter related primarily to the loss on a construction project managed out of our Knoxville office and the continued wind down of Title II work in Afghanistan, which is anticipated to conclude in fiscal year 2015. The net loss for the quarter was $89,000 or a loss of $0.01 per share as compared to net income of $659,000 or $0.07 per share in the same period of fiscal 2014.

Versar, Inc. Awarded Fence to Fence Environmental Services Contract Valued at $4.2 million

October 23, 2014

Versar, Inc. (NYSE MKT: VSR) announced today that its wholly-owned subsidiary, J.M. Waller Associates, Inc., has been awarded a prime contract from the General Services Administration to provide Fence to Fence Environmental Services at Barksdale Air Force Base, Louisiana and Columbus Air Force Base, Mississippi for the Air Force Civil Engineering Center (AFCEC).

Versar Inc., Awarded $2.6 Million Contract to Provide Construction Manager as Agent (CMa) Services to the U.S. General Services Administration

October 9, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that its wholly owned subsidiary, J.M. Waller Associates, has been awarded a $2.6 million prime contract from the U.S. General Services Administration to provide Construction Management as Agent (CMa) Services for the new U. S. Department of State Federal Office Building in Charleston, South Carolina. The contract includes design support services, demolition and remediation services, site improvements, and construction of an approximate 120,000 GSF facility. The contract is a single award with a two-year period of performance.

Versar, Inc. Awarded Two New Task Orders Valued at $18.3 Million

October 7, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded two new task orders under its existing Personal Services Contract in Afghanistan. The year-long task orders were awarded by the U.S. Army Corps of Engineers (USACE), Middle East District (MED). The Personal Services Contract primarily provides Afghan engineering and technical staff to work with USACE personnel in overseeing construction projects throughout Afghanistan.

Versar, Inc. Announces Fourth Quarter and Fiscal Year End 2014 Results

September 10, 2014

Revenues for the Year Increase 7% - $220 Million in Backlog at August 30, 2014 is a 93% Increase From End of Fourth Quarter of 2014 - Company Reports $1.4 Million Goodwill Impairment Charge

Versar, Inc. Joint venture Awarded Fence to Fence Contract for Environmental Services

August 19, 2014

The contract is a single award with a maximum five-year period of performance consisting of a base period and four option years. The full amount of the base year, approximately $824,000, has been awarded to the JV.

Versar, Inc. Awarded $98.3 Million Design/Bid/Build Task Order for Runway Repair Services at Dover Air Force Base

August 13, 2014

The SATOC IDIQ primarily services AFCEC customers, providing a fast track, efficient method for execution of all types of facility repairs, renovations and construction. Versar will be the general contractor managing all work with our key subcontractors: American Infrastructure, Inc., Atlantic Electric LLC and Anthony Allega Cement Contractor, Inc.

Versar, INC. Awarded IRAQ Personal Services II Contract From US Army Corps of Engineers Valued at $10.69 Million

July 23, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that it was awarded an Iraq Personal Services II contract from the U.S. Army Corps of Engineers (USACE), with a maximum contract value of $10.69 million. The firm fixed price IDIQ contract is a single award with a three-year period of performance consisting of a base year and two option years with a potential for a six-month extension after year three.

Acquisition Expected To Provide Over $30 Million in Annualized Revenue & Provides Complementary Capabilities with Strong Facilities Expertise

July 1, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that it has acquired J.M. Waller Associates, Inc., a Service Disabled Veteran Owned Small Business (SDVOSB) with more than $30 million in annual revenues. The acquisition price of $13 million will be satisfied with cash and a seller note. J.M. Waller is expected to be accretive to earnings in year one and adds contracted backlog of over $25 million.

Versar, Inc. Announces Third Quarter Fiscal 2014 Results

May 8, 2014

Gross revenue for the third quarter of fiscal year 2014 decreased 9% to $28.2 million, compared to revenues of $31.0 million during the third quarter of the last fiscal year. Consolidated revenue performance was impacted by delayed funding for government contracts related to sequestration. Sequentially, revenues were essentially flat as compared to the second quarter of 2014.

Versar, Inc. Named as One of Nine Firms Competing For Projects Under an Engineering Services Contract with U.S. Department of State with Maximum Capacity of $100 Million

May 6, 2014

Springfield, VA - Versar, Inc. announced today that it is one of nine firms that has been awarded a new prime contract from the Department of State, Bureau of Overseas Building Operations (OBO) to provide engineering services for diplomatic facilities worldwide. The Indefinite Delivery Indefinite Quantity (IDIQ) contract has a maximum five-year period of performance consisting of a base year and four option years. The maximum contract capacity is $100 million. Each task order issued under this contract will be competed for by the nine firms.

Versar Announces Q3 FY2014 Conference Call

May 1, 2014

The dial in number for the US and Canada is toll free, 877-407-8033. The international dial in number is 201-689-8033. Participants should call in a few minutes before 2:00 PM Eastern Time. For those unable to attend the conference call, a replay will be available on Versar?s website, www.versar.com

Environmental Consulting Services IDIQ with the Fort Worth Corps $27.5 Million

April 22, 2014

Jeff Moran, Senior Vice President of Versar?s Environmental Services Group said, ?This is the second consecutive win for this contract with our JV partner, Cardno TEC. We are excited to have the opportunity to work with Fort Worth and the Joint Venture team for another three years and look forward to building on our success. This win underlines one of the key strategic reasons Versar acquired Geo-Marine.?

Versar, Inc. Awarded $2.39 million Design / Build Contract for Replacement Gas Line at Hanscom Air Force Base

April 10, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that it was awarded a $2.39 million firm fixed price contract for a Design/Build Energy Conservation Investment Program (ECIP) Project to replace a gas line for Hanscom Air Force Base in Bedford, MA. This contract was awarded under Versar's Single Award Task Order Contract (SATOC) IDIQ with the Air Force Civil Engineer Center (AFCEC), held with our joint venture partner, Johnson Controls Federal Systems.

Versar, Inc. Completes Acquisition of Lime Energy's Facility Repair and Renewal Business

February 25, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today the acquisition of Lime Energy, Inc's Facility Repair and Renewal (FRR) business unit. The acquisition represents five task orders with total revenue between $6.2 and $9.7 million and enhances Versar's offerings in support of various DoD and other Federal agencies nationwide.

Versar Announces Second Quarter Fiscal 2014 Results

February 10, 2014

Gross revenue for the second quarter of fiscal year 2014 was $28.0 million, an increase of 16% compared to $24.1 million during the second quarter of the last fiscal year. The increase was attributable to revenue generated by Geo-Marine, Inc. (GMI); continued activity associated with its ongoing contract with the U.S. Army Corps of Engineers (USACE) for construction support services in Afghanistan; and the continued ramp up of the Company?s performance based remediation (PBR) work for the U.S. Air Force in New England and the Great Lakes Region.

Versar, Inc. Announces Iraq Contract Extension

February 6, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced that the United States Army Corps of Engineers, Middle East District (USACE-TAM) has extended the Company?s ongoing Personal Services and Support contract in Iraq by six months. The extension has a ceiling value of $1.5 million and the period of performance runs through August 6, 2014. Versar has been supporting the United States Department of Defense reconstruction efforts in Iraq since 2004. Jeff Wagonhurst, President of Versar, said, "This contract extension demonstrates the continued quality support and capacity develoment we provide to the U.S. Army Corps of Engineers (USACE) in Iraq."

Versar, Inc. announces 2Q FY 2014 Earnings Conference Call

February 3, 2014

The dial in number for the US and Canada is toll free, 877-407-8033. The international dial in number is 201-689-8033. Participants should call in a few minutes before 2:00 PM Eastern Time. For those unable to attend the conference call, a replay will be available on Versar?s website, www.versar.com

VERSAR, INC. Awarded $2.25 Million Contract for Municipal Stormwater Permit Support for Frederick County, Maryland

January 22, 2014

Jeff Wagonhurst, President of Versar, said, We look forward to continuing our work with Frederick County, especially as their program evolves to meet new MS4 requirements and Chesapeake Bay pollutant reduction targets.

Versar, Inc. To Present at SIDOTI & CO. Semi Annual Micro-Cap Conference

January 6, 2014

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that Tony Otten, Chief Executive Officer will be presenting at the Sidoti & Co. Semi Annual Micro-Cap Conference on Monday, January 13, 2014 at the Grand Hyatt Hotel in New York. The presentation will take place at 1:30 P.M. Eastern Time in Estate 2.

Presenting at the Imperial Capital Security Investor Conference

December 5, 2013

Versar, Inc. (NYSE MKT: VSR) announced today that Tony Otten, Chief Executive Officer, will be presenting at the Imperial Capital Security Investor Conference on Thursday, December 12, 2013 at the Waldorf Astoria Hotel in New York. The presentation will take place at 8:45 a.m. Eastern Time in the Gramercy Room. Mr. Otten will provide an overview of Versar?s operations and financial results. A live webcast of the presentation will be available at: http://wsw.com/webcast/imperial14/VSR or by visiting the investor relations page of the Versar website, www.versar.com.

VERSAR, INC. Awarded $8.8 Million in Extensions for Afghanistan Construction Management and Quality Assurance Work

November 12, 2013

Tony Otten, CEO of Versar, said, We look forward to continuing our work with HDR EOC, providing construction management and quality assurance support to the Afghanistan reconstruction activities being led by the Department of Defense. This important subcontract is one of our many ongoing contracts in the region, and we believe this extension demonstrates the level of confidence our government has in the many services we provide.

Versar, Inc. Announces First Quarter Fiscal 2014 Results

November 7, 2013

Gross revenue for the first quarter of fiscal year 2014 was $29.1 million, an increase of 30% compared to $22.4 million during the first quarter of the last fiscal year.

Task order contract from Fairfax County, VA for Engineering Consulting Services

October 22, 2013

Jeff Moran, Senior Vice President Environmental Services of Versar said, We are very pleased to have been selected for this important contract and look forward to continuing our work for Fairfax County, through this opportunity to provide high quality environmental engineering services.

Environmental Technical Support Award from GSA

October 08, 2013

Tony Otten, CEO of Versar said, "This award is a validation of the team we have formed with J.M. Waller Associates, Inc. We welcome this additional opportunity to work with the U.S. Army Reserves 88th Regional Support Command and GSA and are confident that our team's capabilities are well matched to the requirements of the contract and to the demands of the geographic locations in which we will be working."

Versar, INC. awarded two new Task Orders valued at $30.5 million for its Afghan Contract.

October 1, 2013

Springfield, VA - Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded two new task orders under its existing Personal Services Contract in Afghanistan. The year-long task orders were awarded by the U.S. Army Corps of Engineers (USACE), Middle East District (MED) and Versar will support the Transatlantic Afghanistan (TAA) District office and the MED Area Office with over 500 Afghan engineers and professionals.

Versar, INC. Announces Q4 FY 2013 Results

September 3, 2013

Versar, Inc. (NYSE MKT: VSR) today announced financial results for the fourth quarter and fiscal year ended June 28, 2013. Gross revenue from continuing operations for fiscal year 2013 of $102.6 million decreased 11% compared to $115.0 million in fiscal year 2012. Net income from continuing operations for the year ended June 28, 2013, was $4.1 million, or $0.43 per share. This compares to net income from continuing operations last year of $4.5 million, or $0.48 per share.

$20 Million in Annualized Revenue Expected

September 3, 2013

Versar, Inc. (NYSE MKT: VSR) announced today it has acquired Geo-Marine, Inc., a business with more than $20 million in annual revenues. The purchase price was paid with a combination of cash and seller notes. Geo-Marine, headquartered in Plano, Texas, provides engineering design, construction management, environmental planning and programming, and other services in support of a wide range of government, industry, and commercial clients. Key long-term clients include the U.S. Navy, the U.S. Air Force and the U.S. Army Corps of Engineers.

Versar, Inc. Announces FY 2013 Earnings Conference Call

August 28, 2013

Versar, Inc. (NYSE MKT: VSR) will hold a conference call at 10:00 AM Eastern Time on Wednesday, September 4 to discuss the Company's operational performance and financial results for its fiscal year 2013, ended June 28, 2013. Versar will release its 4Q financial results press release on September 3, 2013.

Award 5-Year, $4.8M Contract with EPA Office of Water

August 1, 2013

Versar, Inc. (NYSE MKT: VSR) announced today that it has received a 5-year, $4.8 million contract awarded by the U.S. Environmental Protection Agency (EPA) Office of Water to conduct scientific peer reviews of EPA documents, assessments, and tools to ensure that major scientific products receive critical review prior to dissemination or use by EPA. A broad range of water-related topics may be subject to peer review, including: human health and ecological criteria, health advisories, engineering analyses, and remediation strategies. This contract continues Versar's 30 years of support to the EPA Office of Water.

Environmental Remediation and Munitions Services

July 17, 2013

Versar, Inc. (NYSE MKT: VSR) announced that it is a member of the RMC SoundEarth, LLC team that has been awarded one of ten Multiple Environmental Government Acquisition (MEGA) contracts for Environmental Remediation Services (ERS) and Military Munitions Response Program (MMRP) Services in support of the US Army Corps of Engineers, Omaha District. The maximum estimated combined total value of all ten contracts awarded will not exceed $250,000,000. This contract consists of a three-year base ordering period with one two-year optional ordering period. Work will be performed at various locations nationwide, and may include Alaska, Hawaii, and US Territories.

Membership in the Russell Microcap Index

July 2, 2013

Versar, Inc. (NYSE MKT: VSR) announced that it has joined the Russell Microcap? Index according to the list posted July 1, 2013. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Construction services award maximum $90 million

May 16, 2013

Versar, Inc. (NYSE MKT: VSR) announced that its joint venture with Parsons was awarded a new prime contract from the U.S. Army Corps of Engineers (USACE), Middle East District (MED) to provide Construction Phase Support Services (CPSS) throughout 18 countries within the Central Command Area of Responsibility. The Indefinite Delivery Indefinite Quantity (IDIQ) contract is a single award with a maximum five-year period of performance consisting of a base year and four option years. The maximum contract capacity is $90 million. According to the terms of the contract, the joint venture will provide construction support services in the CENTCOM Area of Responsibility to include locations such as Afghanistan, Kazakhstan, Pakistan, Saudi Arabia, Iraq, Qatar, and 12 additional countries.

Versar Inc., To Present at B.Riley Investor Conf.

May 15, 2013

Versar, Inc. (NYSE MKT: VSR) announced that Tony Otten, Chief Executive Officer, will be presenting at the B.Riley & Co. 14 th Annual Investor Conference on Wednesday, May 22, 2013 at the Loews Santa Monica Beach Hotel in Santa Monica, California. The presentation will take place at 1:30 p.m. Pacific Time in the Palisades D Room.

Revenue Growth of 22% Reported in Q3 2013 Results

May 13, 2013

Versar, Inc. (NYSE MKT: VSR) announced financial and operating results for the fiscal year third quarter and nine months ended March 29, 2013. Gross revenue for the third quarter of fiscal year 2013 was $31.6 million, a 22.7% increase compared to revenue of $25.7 million reported in the third quarter of fiscal year 2012. The revenue growth was driven by a $5.4 million increase in revenue from the Company's performance based remediation (PBR) work for the U.S. Air Force and an additional $1 million in revenue attributable to the operations of Charron Construction Consulting, Inc. ("Charron"), acquired in May 2012.