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    Versar Inc.
    list rank

    From the April 28, 1997 Washington Post

    '96 (in $ 000s) % Change From '95
    Revenue 44,283 13.3
    Net Income 992 116.6
    Rank Last Year: 95

    Description: Versar is an environmental services firm that provides a variety of technical and scientific services to government and private industry. Its services are most often related to environmental risk management and the problems caused by toxic waste and hazardous materials.

    Business Resume:
    • Contact Info --
      6850 Versar Center
      Springfield, Va. 22192
    • Main Business --
      Environmental services
    • Founded --
    • Chairperson --
      Benjamin M. Rawls (CEO)
    • President --
      Benjamin M. Rawls
    • Employees --
    • D.C.-Area Employees --
    The company's revenue rose 13 percent and earnings doubled in the fiscal year ended June 30, as Versar wiped out its remaining debt. The company also changed its capital structure, increasing the number of authorized shares from 10 million to 30 million, as the first step in a new growth strategy.

    As part of that strategy, Versar plans to acquire or merge with another company that would give it a presence in international markets. It's also considering a merger or acquisition as part of a plan to diversify its client base. That plan calls for Versar to expand its business by entering into agreements to manage municipal environmental services operations. The company has accumulated a backlog of contracts worth $325 million.

    Copyright 1997 The Washington Post

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