BOSTON, Mass., September 4, 2001 -- RCW Mirus (“Mirus”) announced today that the company has assisted its client, ENVISIONeT Computer Services, Inc. in a sale to Microdyne Outsourcing Inc. of Torrance, California.  ENVISIONeT engaged Mirus after filing for bankruptcy in June.

“RCW Mirus did a great job for us” said John Donnelly the CEO of ENVISIONeT.  “Their team achieved a very successful outcome under difficult circumstances.”

“We’re pleased that we were able to recover significant value for the creditors,” said Jamie Grant, the lead investment banker on the transaction.  “Despite ENVISIONeT’s situation, we developed significant interest for the Company and were able to secure written offers from eight prospective buyers in the first two weeks.  After helping the Company secure short-term financing in July, we ran an orderly sale process which ended successfully this week with the sale to Microdyne”.

Microdyne Outsourcing Inc. is a subsidiary of L-3 Communications.  The Company paid $10.7 million for the assets of ENVISIONeT, following a bidding process that involved several suitors and lasted for several weeks.