Message #11 From:
Stock News Bot Date: July 24, 2006 06:03:00 AM
MSSI News MSSI Signs Contract Extension with Irwin Army Community Hospital in Fort Riley, KS
VIENNA, Va.--(BUSINESS WIRE)--July 24, 2006--Medical Staffing Solutions, Inc. (OTCBB:MSSI), an established provider of medical personnel, technology services and homeland security products to government and commercial clients, is pleased to announce that Irwin Army Community Hospital in Fort Riley, Kansas has exercised an additional option year with MSSI, through its wholly-owned subsidiary, TeleScience International, Inc.
Under the terms of the original agreement signed in February 2006, MSSI was responsible for providing Nurse Practitioners and Physician Assistant staffing services to the 250-bed army hospital at Fort Riley. The original contract was a 6-month term with the option to extend the agreement up to an additional 4 years. The Fort Riley based hospital has once again chosen TeleScience as its staffing services provider, and exercised an extra option year extending the contract from 10/1/06 through 9/30/07. Upon full execution, it is anticipated that the contract will generate nearly $1 million in revenue.
Medical Staffing Solutions Chairman and CEO, Dr. BB Sahay, stated, "This contract extension is a win-win situation for MSSI. Not only does it demonstrate our ability to successfully pursue and acquire lucrative contracts in the public sector, but it also clearly demonstrates our ability to succeed and excel as the premier provider of medical staffing services."
Dr. Sahay further stated, "This contract has already generated significant revenues for MSSI, and will continue to do so as a direct result of this latest extension. Furthermore, a renewal such as this one will give MSSI even more credibility when pursuing future government contracts."
For all future Medical Staffing Solutions investor relations needs, investors are asked to visit the Medical Staffing Solutions IR Hub at http://www.agoracom.com/IR/MedicalStaffing where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to MSSI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts.
Nurses Onsite is a provider of nurse staffing services to acute care facilities nationwide. The company operates a network of 13 staffing locations in 9 states, serving over 200 hospitals. These locations primarily focus on placing per diem nurses on an "as needed" basis to hospitals facing a critical shortage of staff nurses. Based in West Palm Beach, Florida, Nurses Onsite employs over 1,200 nurses and 30 executive, management and administrative staff. Having grown organically since inception in 2002, the company has been invited into new markets by some of the nation's largest hospital chains because of its cost efficient streamlined delivery model.
Nurses Onsite plans to expand services rapidly by leveraging its recruiting technology in the recently launched National Recruiting Center.
Irwin Army Community Hospital is a 250-bed army hospital at Fort Riley. It offers acute care, chronic care, and high quality health maintenance to soldiers, families and retirees of Fort Riley and the surrounding community. The present facility was dedicated to the public for service on February 7, 1958 and named Irwin Army Hospital in honor of Brigadier General Bernard John Dowling Irwin.
The hospital has three primary care clinics for family practice, pediatrics and internal medicine. Besides, its offers OB/GYN, physical therapy, preventive medicine and pharmacy.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
