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Acsys, Inc. Acquires Don Richard Associates of Richmond; Marks Entry Into Strong Richmond, Virginia Market.


WASHINGTON--(BUSINESS WIRE)--March 31, 1998--Acsys, Inc. (Nasdaq/NM:ACSY), a leading provider of specialty professional staffing services primarily in the accounting and finance fields, today announced that it has acquired TGS TGS Tokyo Game Show
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TGS Texas Gourd Society
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 Resource Group, Inc. d/b/a Don Richard Associates of Richmond, a leading accounting and finance staffing firm located in Richmond, Virginia Richmond IPA: [ɹɯʒmɐnɖ] is the capital of the Commonwealth of Virginia, in the United States. . Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM).

The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs
 Visotsky, president of Don Richard Associates of Richmond will remain with the Company as the Hub-Center Division President for the Richmond market. Terms of the transaction were not disclosed.

Don Richard Associates of Richmond operates one office and had 1997 revenues in excess of $1.5 million, based on unaudited results.

Timothy Mann, Jr., chief executive officer of Acsys, said, "The acquisition of Don Richard Associates of Richmond is the next step in our continued consolidation of the specialty professional staffing sector. We are extremely fortunate to add a person of Tom's quality to our management team. He brings 24 years of accounting and staffing services experience and is the current president of the Virginia Society of CPAs.

"This is our first acquisition since completing our initial public offering in February and we are extremely optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 about our acquisition pipeline. Our focus remains on specialty professional staffing companies that have a leading position in new markets or that are operationally and geographically synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik)
1. acting together.

2. enhancing the effect of another force or agent.


syn·er·gis·tic
adj.
1.
 with our existing business."

Acsys, Inc. is one of the leading accounting and finance temporary staffing and permanent placement firms in the U.S. Including Don Richard Associates of Richmond, the Company operates 17 offices serving the Atlanta; Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation).
Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States.
; Central New Jersey; Philadelphia; Tampa and Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. ; Washington, D.C. and Richmond metropolitan markets.

Information contained in this press release, other than historical information, should be considered forward-looking in nature and is subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize ma·te·ri·al·ize  
v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es

v.tr.
1. To cause to become real or actual: By building the house, we materialized a dream.
, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the operating results, performance or financial condition are the Company's ability to achieve and manage growth; the Company's ability to successfully identify suitable acquisition candidates, complete acquisitions or integrate the acquired business into its operations; the Company's ability to attract and retain qualified personnel; the Company's ability to develop new services; and other factors discussed in Acsys's filings with the Securities and Exchange Commission.

CONTACT: Acsys Inc., Washington D.C.

Timothy Mann Jr., 770/395-0014 x127
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 31, 1998
Words:413
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