Vision Technologies Solidifies Halter Marine Acquisition

October 24, 2002

Vision Technologies Systems, Inc. (VTS) has completed its asset purchase of Halter Marine, through its subsidiary, VT Halter Marine, Inc. VTS is an integrated engineering group specializing in the fields of marine, aerospace, land systems and electronics. The new company, VT Halter Marine, Inc. (VTHM), will continue to provide products that have made Halter vessels known worldwide. Anil Raj, president and chief operating officer of VT said, “We’re ready to move on to the next challenge of selecting the projects the new company will undertake. VTHM plans to continue the existing design and construction projects for the U.S. Government. VTHM will also be geared to offer ship-repair services for both naval and commercial vessels.” VTHM will headquarter its corporate operations in Gulfport, Miss., with seven facilities located in Pascagoula, Moss Point, Port Bienville, Lockport and Gulfport, which are located along the U.S. Gulf Coast.

Vision Technologies Solidifies Halter Marine Acquisition

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