VT HALTER MARINE MOVES
CORPORATE OFFICE TO PASCAGOULA

VT Halter Marine, Inc.
14055 Seaway Road, Gulfport, MS 39503
United States of America
Tel: 228-896-0029
Fax: 228-897-4866
www.vthaltermarine.com

Immediate Release

GULFPORT, MS, March 9, 2004 – VT Halter Marine Inc., a subsidiary of Vision Technologies Systems Inc., will relocate its corporate office to its Pascagoula Operations in Jackson County, Mississippi effective July 1, 2004. VT Halter Marine currently owns six shipyards in Mississippi, two of which are fully operational.

Boyd E. King, Chief Executive Officer stated, “With this move, VT Halter Marine will be more integrated and this will position the company for growth and future facilities expansion.” All of the Gulfport-based employees have been asked to relocate to the company’s Pascagoula or Moss Point operations. Executive Director George Freeland Jr. of the Jackson County Economic Development Foundation said, “VT Halter Marine is an integral part of the corporate community and the integration of facilities will only strengthen their presence in Jackson County. The Jackson County Economic Development Foundation welcomes the influx of high- tech jobs and anticipates many years of combined corporate and community success as a result of our partnership.”

VT Halter Marine’s new address will be Post Office Box 1328 Pascagoula, Mississippi 39568.

VT Halter Marine Inc., based in Gulfport, Miss., is a leader in the design and construction of small- to medium-sized ships in the United States. VT Halter Marine designs, builds and repairs a wide variety of ocean-going vessels such as patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels and research ships. It is a subsidiary of Vision Technologies Systems Inc. (VTS), a provider of integrated engineering solutions, specializing in the fields of marine, aerospace, electronics and land systems. Headquartered in Alexandria, VA., VTS is located throughout North America. VTS offers a broad range of proven innovative services to both the commercial and government sectors. VTS is a wholly owned subsidiary of Singapore Technologies Engineering.

For additional information, please contact:
Cynthia Borries, Corporate Communications Manager
VT Halter Marine
Phone: 228-897-4985
Fax: 228-563-1969
Email: c.borries@vthaltermarine.com

Amy McCaskill, Corporate Communications Coordinator
VT Systems
Phone: 703-739-2610
Fax: 703-739-2611
Email: amccaskill@vt-systems.com

---