Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Resolve Announces Close of Supply Chain Management Operations Sale

Posted : Mon, 06 Jul 2009 21:33:39 GMT
Author : Resolve Business Outsourcing Income Fund
Category : Press Release
News Alerts by Email ( click here )
News | Home
TORONTO, ONTARIO -- 07/06/09 -- Attention Business and Financial Editors:

Resolve Corporation (TSX: RBO.UN), a Canadian leader in business process outsourcing (BPO), announced today the close of the sale of its Supply Chain Management (SCM) operations to Archway Marketing Services, a leading North American outsourced marketing services organization.

The asset sale, which was initially announced on May 27, 2009, provides net proceeds to Resolve of approximately $21 million. In this transaction Archway has acquired Resolve's SCM operation assets including client contracts, eight American locations and five Canadian locations, as well as the approximately 800 employees currently servicing the business for Resolve.

The transaction does not include Resolve's Saint John, NB, supply chain facility, which is focused on Coupon and Rebate processing, and will continue as an important component of Resolve's operation.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This press release may include certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking information may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Resolve, or industry results, to be materially different from any future results, performance, achievements or opportunities expressed or implied by such forward-looking information. This forward-looking information includes estimates, forecasts and statements as to management's and others' expectations with respect to, among other things, growth strategies and the outlook for Resolve and the business process outsourcing industry and may use words such as "may", "will", "estimate", "expect", "anticipate", "believe", "intend", "plan", "could", "continue" and other similar terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this press release. Forward-looking information involves significant risks and uncertainties and should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information, including, but not limited to, loss of key customer contracts or reduction of services purchased by key customers, foreign exchange rates, increases in costs to Resolve that cannot be passed on to customers, disputes with key customers, competition, the ability of Resolve to manage operations and execute growth strategies, stability of internal and government information systems and technology, technological changes, the ability to maintain software licenses, changes in privacy laws, and risks inherent in bidding on government contracts. These risk factors are discussed in greater detail under "Risks" on page 14 of Resolve's MD&A for the period ended December 31, 2006, which is available on SEDAR at www.sedar.com. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, Resolve cannot assure that actual results will be consistent with this forward-looking information. This forward-looking information is made as of the date of this press release, and Resolve assumes no obligation to update or revise it to reflect new events or circumstances.

Contacts:
Investor Contact:
Resolve Corporation
Gerry McDonald
Chief Financial Officer
905-306-2196

Media Contact:
Resolve Corporation
John Nevins
905-306-2642


Copyright © 2008 Market Wire. All rights reserved.
Share/Save/Bookmark

Article : Resolve Announces Close of Supply Chain Management Operations Sale
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Nordic American Tanker Shipping Ltd. (NYSE: NAT) - Announces Dividend for the 49th Consecutive Quarter - 3rd Quarter 2009 Report. No Change to Dividend Policy. Further Fleet Expansion to 18 Vessels - bolstering Dividend Capacity.
HAMILTON, BERMUDA -- 11/09/09 -- 3rd Quarter 2009 Results: http://hugin.info/201/R/1353504/327856.pdf Hamilton, Bermuda, November 9, 2009 Introduction and O..

Agreement of Yasheng Eco Trade to Acquire 75,000,000 Shares of Yasheng Group Terminated
REDWOOD CITY, CA -- 11/09/09 -- Yasheng Group (PINKSHEETS: YHGG), announced today that an agreement between Yasheng Group's majority shareholder Yasheng Group BVI and Yasheng ECO Trade Corp wherein Yasheng Eco Trade was to acquire 75,000,000 shares..

Investor Alert: KSF Files Securities Class Action against STEC, Inc. and Urges Shareholders with Losses in Excess of $300,000 to Inquire about Lead Plaintiff Status - STEC
NEW ORLEANS - Kahn Swick & Foti, LLC (“KSF”) has filed a class action lawsuit against STEC, Inc. (“STEC” or the “Company”) in the United States District Court for the Central District of California, on behalf of purchasers of the common stock of the Co

Technip Awarded a Subsea Contract for the Appaloosa Development in the Gulf of Mexico
PARIS - Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded a lump sum contract by ENI US Operating for the Appaloosa development project in the Gulf of Mexico. This project consists of the tie-back of the Appaloosa well located in Mississippi Canyon, 145 nautical miles (268 kilo

India’s Booming Solar Industry Reinforces Linde as Frontrunner in PV Industry
MUNICH - Reinforcing its position as India’s leading gas technology supplier to the photovoltaic (PV) industry, BOC India (BOCI), a member of The Linde Group, has won four new long-term gas supply deals with large PV manufacturers, Moser Baer, Euro Multivision, Solar Semiconductor and

Dassault Systemes Strengthens Commitment to ENOVIA SmarTeam V5
VÉLIZY, France - Dassault Systèmes (DS) (Euronext Paris: #13065, DSY.PA), a world leader in 3D and Product Lifecycle Management (PLM) solutions, today announced that it is subcontracting the development and support of its ENOVIA SmarTeam V5 technology to artizone, a newly creat

ICIS Pricing Launches New Propylene Daily Asia Price Report
SINGAPORE, November 9 /PRNewswire/ -- ICIS pricing, the leading price reporting service for the global chemical industry, is extending its commitment to bringing up-to-date market information to customers by launching a new Propylene Daily Asia report.

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.