Dyer & Berens LLP Announces Its Investigation of GTSI Corp. (GTSI)

The law firm of Dyer & Berens LLP (www.DyerBerens.com) announced today that it has commenced its own investigation concerning potential legal claims for losses suffered by GTSI Corp. (NASDAQ: GTSI) investors.

If you purchased GTSI common stock prior to October 1, 2010 and have suffered losses, or if you have information relevant to the investigation, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at jeff@dyerberens.com.

GTSI sells information technology products and solutions to U.S. federal, state and local governments, and to prime contractors. On October 1, 2010, GTSI announced that it received notice from the U.S. Small Business Administration (“SBA”) that it was temporarily suspended from any future federal government contracting. The suspension notice cited that it was based on alleged evidence of the commission of fraud or a criminal offense in connection with GTSI obtaining, attempting to obtain and performing certain subcontracts with small businesses in 2007 and a lack of business integrity or business honesty that seriously or directly affected the responsibility of GTSI as a government contractor. On October 4, 2010, when the market reopened, GTSI’s stock price dropped from $7.25 per share to $4.35.

Then, on October 19, 2010, GTSI announced that it reached an agreement with the SBA to lift the federal contract suspension. Pursuant to the SBA agreement, GTSI agreed that it will not obtain or attempt to obtain any new federal government contracts, subcontracts or any business, which in any capacity, whether directly or indirectly is intended to benefit small businesses, including task orders and options on existing contracts. It also accepted the resignations of its president and CEO, its general counsel, and it suspended three other employees, who subsequently resigned. The U.S. Attorney’s Office for the Eastern District of Virginia is reportedly investigating the same subject matter that led to the SBA suspension.

The law firm of Dyer & Berens LLP focuses on complex class action litigation on behalf of injured investors throughout the nation. The firm’s extensive experience in securities litigation has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.

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