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01/28/2014
VSE will support international asset forfeiture, storage and
disposition
Alexandria, Virginia (October 3, 2013) –VSE Corporation
(NASDAQ: VSEC) has been awarded an Indefinite Delivery/Indefinite Quantity
(IDIQ) contract to support the U.S. Department of Justice (DOJ) Criminal
Division, Asset Forfeiture and Money Laundering (AFML) Section in international
asset recovery services. This contract has a period of performance of 12 months
with four 12-month options. The initial ceiling for this award is $9M.
VSE’s International Group will support the DOJ, Department
of Homeland Security and the Department of Treasury investigative agencies to
identify, restrain, forfeit, and dispose of assets that are located in foreign
nations, as well as the recovery, evaluation, and repatriation of illicit
assets to the United States for disposition. VSE will facilitate the U.S.
Government’s ability to plan, seize, maintain and return the maximum value from
the disposition of any seized asset; from aircraft and vessels to jewels,
livestock, real estate and operating businesses.
The VSE Team combines the most capable members of a proven,
successful asset recovery and disposition team who have been relied upon for
over six years by the DOJ and the U.S. Treasury Department, as well as new team
members that provide international capabilities in critical areas. Our core
team includes Deloitte Consulting, LLC, Colliers International Greater Los
Angeles, LLC, Rick Levin & Associates, National Liquidators, and Five Stone
Intelligence, Inc.
“We are pleased to be
selected to execute this unique program, and we are committed to the success of
this contract and achieving the highest possible return for the DOJ AFML,” said
Harry Flammang, President of International Group. “With our international
program management expertise and seized and forfeited asset management
experience, we offer professional support services that are the best value,
risk resilient and efficient.”
About VSE
Established in 1959, VSE is a diversified federal services
company with experience in solving issues of global significance with integrity,
agility, and value. VSE is dedicated to our clients’ success by delivering
sustainment services for legacy systems and equipment and professional services
through talented people and innovative solutions. Key competencies include
supply chain management, equipment refurbishment, logistics, engineering,
energy, IT solutions, health care IT, and consulting. For additional
information regarding VSE services and products, please see the Company's web
site at www.vsecorp.com or contact Christine Kaineg, VSE Investor Relations at
(703) 329-3263.
VSE News Contact: Christine Kaineg -- (703) 329-3263.
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