Much disparity exists today
regarding hedge fund performance and risk evaluation .
Mr. The contract has an
estimated value of $5 million.versar.geomet."

About DSS Research
DSS Research is a national marketing research firm specializing in health
insurance and health care. Over the past 23 years, DSS has conducted research
and provided insight for health insurance organizations across the country.

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Despite recent dramatic
growth in the hedge fund community , we believe this industry remains in its
infancy. Much like the marketplace for equity and equity -linked private
placements, we believe the hedge fund marketplace participants could benefit
from our ability to aggregate and codify data and to provide users with
enhanced tools with which to analyze such data.

Versar Awarded $5 Million Biological Sciences Support Contract

com

For more information, please
visit http://www.

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Kurt Kim, chief executive of PrivateRaise LLC, commented on the planned
launch of the new Information Service by stating, "We believe the
institutional investment community could benefit meaningfully from our
forthcoming hedge fund analytical database."
Mr.com) honored as such in the
Financial Content Provider category. This contract provides a firm base for the
expansion of our biological sciences capabilities and our development of
cutting -edge technologies in addressing the ecological consequences of power
generation and transmission .com

Investor Relations Contact: Andrew J.

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com/hedgefunds/hfwelcome.privateraise.com is a service of PrivateRaise, LLC, a private research
consulting firm based in New York, NY.

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Dr .com.
Client retention rates of greater than 98 percent, new service offerings in
product development and satisfaction research and a renewed interest in
Medicare market research has helped DSS grow its active client base to well
over 100 health care organizations, with its project volume up considerably . DSS employs more than
150 health care market research specialists.

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com/hedgefunds/hfwelcome.

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PrivateRaise .com Announces New Hedge Fund Analytics Information Service

Kim added, "Our goal is to be a primary source for quantitative hedge
fund return and risk information and analytics.com; and a B2B portal
for homeland defense products and services, http://www.

enhanced anthropologist

PrivateRaise also makes available
its "white paper," which seeks to clarify the relationship between hedge fund
returns and interest rates .com(R)
PrivateRaise.
Dodd, who joined DSS in 2002, will oversee all client activity for DSS ,
including project management, reporting, analysis and marketing sciences
services.

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We believe our
offerings will create greater transparency in the hedge fund marketplace,
providing investors and observers with simple, but powerfully enhanced
insights and analytics.

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PrivateRaise .
(Amex: VSR) announced today that the Company has been awarded a five-year
contract from the Maryland Department of Natural Resources (MDDNR) to provide
biological sciences support for assessment of the impacts of existing and
proposed power generating and transmission facilities on aquatic and
terrestrial ecosystems throughout the State of Maryland.nbcprotect.

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php?r=22).
PrivateRaise provides easy to use tools and performance metrics designed
to strengthen hedge fund return analyses . As the number and size of hedge funds continues to grow
dramatically, we believe market participants will value the strength and
simplicity of our perspective., 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.com and
http://www.

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E.php?r=22)
PrivateRaise. SPRINGFIELD, Va. "She has done an
outstanding job producing meaningful insights for our health care clients
across the country.

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com(R), the award -winning
source for information and analytics for equity private placements, announced
today it will expand its coverage to the hedge fund marketplace. Ted Prociv, President and CEO of Versar stated , "We are pleased the
State of Maryland has chosen Versar to assist with their nationally recognized
Power Plant Research Program. 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. FORT WORTH, Texas, DSS Research , a national market
research firm specializing in health insurance and health care, today
announced the promotion of Michelle Dodd to director of client services.com .

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Kim concluded by emphasizing that "We think that people will quickly
appreciate the different perspective from which we approach hedge fund return
and risk measurement.
PrivateRaise.com's HF Analytics information service can be accessed at
(http://www. A number of
research programs will also be conducted, addressing such evolving issues as
carbon sequestration to counter the global warming impacts of power plant
emissions, and the use of vegetative buffers along streams to mitigate for
atmospheric deposition of nutrients generated by fossil fueled generating
facilities. Versar operates a number of web sites ,
including the corporate Web sites, http://www.dtaps.

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"

About PrivateRaise., VERSAR, Inc .

This press release contains forward-looking information. services.
"Michelle brings the right mix of energy and experience for this vitally
important role," said Roger Gates, president and CEO of DSS.

participants journals

Contact: James Dobbs (703) 642-6712
Senior Vice President
Email: jdobbs@versar.

DSS Research Names Michelle Dodd Director of Client Services; Dodd to Lead Client Teams for National Market Research Firm

And she'll help us continue to do great work as we grow
and expand our services.

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Releases White Paper Clarifying the Relationship Between Hedge Fund Returns
and Interest Rates

NEW YORK, PrivateRaise .com(R) promotes greater information transparency within the
investment marketplace by offering various internet-based research and
analysis Information Services.

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Versar also provides expertise in terrestrial
ecology, wetlands and geographical information systems (GIS) needed to
evaluate effects of new or modified transmission facilities.dssresearch.

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The pace and consistency of such growth will depend , in part, upon
greater informational efficiency to which we plan to be a positive
contributor .privateraise.

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com(R) has been selected/designated as a Forbes Best of the
Web company and is one of only four (4) market information providers (along
with Thomson Financial, Bloomberg. The
forward -looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.

aboriginal fusion

com,
http://www. Kaplan (732) 747-0702
Barry Kaplan Associates
623 River Road
Fair Haven, NJ 07704
Email: smallkap@aol.

The application of anthropology principles to contemporary human problems.

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participants fusion

"

Versar, Inc.
As a result, DSS has grown its staff to more than 150 health care market
research specialists, developed additional technology tools for project
management and reporting and added to its available headquarters space for
data processing, analytics, marketing sciences and I.T.

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"
PrivateRaise, LLC is providing interested parties with a free preview of
some of its hedge fund analytical offerings at its website -- PrivateRaise.com
(http://www.
The firm's services include product development services, satisfaction
research, brand analysis and strategy research, ad testing and tracking,
market segmentation research and health risk assessment, giving DSS a high-
level view of the evolving health insurance business .

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com and BigDough.

CONTACT:
Steve Lipin or Melissa Daly, Brunswick Group, 212-333-3810

Versar provides the varied assessment and
evaluation services needed to evaluate potential impacts of the diverse
sources of power in the state, including hydroelectric, wind-power, nuclear
and fossil-fueled facilities. Dodd previously directed marketing research projects at Wirthlin
Worldwide and McLauchlan + Associates.
Dodd's appointment comes during an extended period of growth for DSS.