Accufacts Completes Consolidation of Acquisition as 2001 Begins.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 16, 2001 Accufacts Pre-Employment Screening, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : APES), a leading provider of technology-driven decision support information for client Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. (HR) departments, announced completion and full integration of the Maglio, Inc. acquisition which began in late 1999. During the consolidation, maintaining concurrent client services dictated that certain redundancies be maintained between the companies. Although this initially strained resources, it also provided the opportunity to integrate state-of-the-art technologies that have significantly added to Accufacts' capabilities. "Completing this consolidation positions Accufacts to take full advantage of new opportunities and to grow both revenues and earnings," said Philip Luizzo, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have pruned all redundant staff and have relocated certain personnel to the Florida operation. We are now a leaner, more efficient company and have strengthened the basics of our business. The challenge for us is to fully capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. our efficiencies and competitive advantages, and launch an aggressive business development campaign." Accufacts is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with an operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. in Florida. The company performs various types of pre-employment background screenings for clients as well as provides other HR-related information. The company's client base spans large and small firms across the U.S. Additional information on the company can be found on the Internet at www.accufacts.com. The statements in this press release that relate to future plans, events, or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to client orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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