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

U3O8 Corp. Cuts 2.3 Metres at 0.551% (11 Pounds per Short Ton) U3O8 at Aricheng West
TORONTO, ONTARIO -- 11/26/09 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian uranium exploration company, reports significant uranium mineralization from drilling in the

First Majestic Silver Corp.: La Encantada Opening Ceremony & Production of First Silver Precipitates
VANCOUVER, BRITISH COLUMBIA -- 11/26/09 -- First Majestic Silver Corp. (TSX: FR)(OTCQX: FRMSF)(FRANKFURT: FMV)(WKN: A0LHKJ) is proud to announce that the new La Encantada cyanidation plant was inaugurated in a ceremony on November 19, 2009 in which..

Iberian Minerals Draws on Bridge
TORONTO, ONTARIO -- 11/26/09 -- Iberian Minerals Corp. (TSX VENTURE: IZN) reports that it has completed the second draw under the previously announced bridge financing of up to US$21,000,000 with Trafigura Beheer, B.V. (the "Bridge Facility"). The ..

GiftTRAP: BC Man Receives Huge Recognition in North America and Europe for His Invention
KELOWNA, BRITISH COLUMBIA -- 11/26/09 -- In a world where new is cool, creating lasting brands is a challenge. Building brands with longevity is hard, even for global brands. It's almost a weird club that keeps the old-school in and the new-boys ou..

Mobile Services Will Keep Revenue Flowing in Hong Kong
CAMBRIDGE, Mass., Nov. 26 /PRNewswire/ -- In Hong Kong, mobile services will make gains against fixed services in the coming years, reaching 55% of total revenue by 2014, according to the latest report from Pyramid Research, the telecom research arm of the Light Reading Communications N...

ALDA Enters into Agreement with Shoppers Drug Mart
VANCOUVER, BRITISH COLUMBIA -- 11/26/09 -- ALDA Pharmaceuticals Corp. (TSX VENTURE: APH)(OTCBB: APCSF) ("the Company" or "ALDA") announces that it has entered into an agreement with Shoppers Drug Mart Corporation ("Shoppers") that will make the Com..

Corel Holdings Announces Successful Tender Offer and Commencement of Subsequent Offering Period
SAN FRANCISCO, CA -- 11/26/09 -- Corel Holdings, L.P. ("CHLP"), a limited partnership controlled by an affiliate of Vector Capital, today announced that it has successfully completed its all-cash tender offer to purchase all outstanding common shar..

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.