SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): April 18, 2005
Versar Inc.
______________________________________________________________________
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-9309 54-0852979
________ ______ __________
(State or Other (Commission File (IRS Employer
Jurisdiction) Number) Identification No.)
6850 Versar Center, Springfield, Virginia 22151
_______________________________________________
(Address of Principal Executive Offices)
(703) 750-3000
______________
(Registrant's Telephone Number, Including Area Code)
Not Applicable
______________
(Former Name or Former Address, if Changed Since Last Report)
________________________________________________________________________
Item 8.01. Other Events
On April 18, 2005, Versar, Inc. announced the acquisition of the
Cultural Resources Group of Parsons Corporation. A copy of the press
release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1 Copy of press release issued by Versar on April 18, 2005.
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SIGNATURES
__________
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
VERSAR, INC.
Date: April 19, 2005 By /S/ James Charles Dobbs
_________________________
James C. Dobbs
Senior Vice President
& General Counsel
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Exhibit 99.1
FOR IMMEDIATE RELEASE: MONDAY, APRIL 18, 2005
Versar Acquires Parsons Cultural Resources Business
Springfield, VA, Monday, April 18, 2005 - VERSAR, Inc. (Amex: VSR)
announced today that it had acquired the Cultural Resources group
from Parsons Infrastructure & Technology Group, Inc., a subsidiary
of Parsons Corporation, for an undisclosed consideration. The Cultural
Resources group, based in Fairfax County, Virginia, and headed by
Cynthia Auman, provides archeological, cultural and historical services
to federal, state and municipal clients across the country.
The transaction was completed on Friday, April 15, 2005. Versar expects
the Cultural Resources group to produce at least $1.5 million in annual
revenue and enhance the company's existing technical capabilities.
Parsons and Versar have also agreed to jointly market the Cultural
Resources group's expertise.
Dr. Ted Prociv, President and CEO of Versar stated, "The acquisition of
the Parsons Cultural Resources group is a great opportunity to expand
Versar's growing cultural resources business. We also look at this
transaction as the first step to building a closer working relationship
with Parsons Corporation, one of this country's leading engineering and
infrastructure firms. We believe the transaction will be accretive to
earnings and help better serve our core governmental clients."
Versar, Inc., headquartered in Springfield, VA, is a publicly held
professional services firm supporting government and industry in national
defense/homeland defense programs, environmental health and safety and
infrastructure revitalization. Versar operates a number of web sites,
including the corporate Web sites, http://www.versar.com, http://www.home-
landdefense.com, and http://www.geomet.com; and a B2B portal for homeland
defense products and services, http://www.nbcprotect.com and http://www.
dtaps.com.
This press 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 year ended June 30, 2004.
Contact: James Dobbs (703) 642-6712 Email: jdobbs@versar.com
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