Message #17 From:
NewsBot Date: October 2, 2006 05:30:00 AM
MSSI News MSSI Wins Physician Services Contract
VIENNA, Va.--(BUSINESS WIRE)--Medical Staffing Solutions, Inc. (OTCBB:MSSI), an established provider
of medical personnel and technology services to government and
commercial clients, was awarded a new contract for Physician services at
General Leonard Wood Army Community Hospital (GLWACH) in Fort Leonard
Wood, Missouri through its wholly-owned subsidiary, TeleScience
International, Inc. (TII).
This new contract award for MSSI requires the company to provide the
services of multiple Family Practice Physicians on a full time basis,
plus some overtime and rotational on-call work. The contract performance
period is for five years, and is valued over $1.7 million. The contract
is a personal services contract; therefore the cost of malpractice
insurance is covered by the government.
Dr. Sahay, President and CEO of MSSI said, “This
contract award adds a new client to our base and one more state on the
map for us. Of the spectrum of medical professionals TII provides,
Physicians are the highest billable and most prominent category. We are
excited to have won this multi-physician contract at Fort Leonard Wood
for one base year plus four option years. This will certainly assist us
in our efforts towards achieving profitability for MSSI.”
In operation since 1992, MSSI-TeleScience International, Inc. is a
provider of long-term medical personnel and technology services to
federal, state and local government agencies and to the private sector.
The Company's Medical Services Division has operations in ten (10)
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.
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.
