Aztec Technology Partners Completes Restructuring of Northeast Region.
BOSTON--(BUSINESS WIRE)--Jan. 13, 1999--Aztec Technology Partners, Inc., (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AZTC), a leading single-source provider of information technology business solutions, today announced that it has substantially completed a restructuring among its Northeastern subsidiaries designed to create a unified organization with one brand name and enhance the Company's ability to meet its clients' needs as a one-stop IT shop.
Aztec will take a $1.1 million restructuring charge restructuring charge
The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. in the fourth quarter of 1998 for costs related to the reorganization.
The five subsidiaries within the Northeast are now operating as two consolidated regional organizations, Aztec New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and Aztec Tri-State, each marketing and delivering all of Aztec's business solutions under the Aztec name to clients in their respective geographies.
"By creating these two regional organizations, we have successfully refocused disparate subsidiaries into a single operating entity that presents Aztec as a true single-source provider of IT solutions to our clients." commented Jim Claypoole, Aztec's chairman and chief executive officer. "Regional management is chartered to achieve consolidated revenue and operating performance results using a coordinated salesforce that offers all of Aztec's IT solutions to our clients through a single point of account management control."
"For the past 6 months, we have been working out the kinks of eliminating separate consulting and marketing efforts in order to serve our clients through one cohesive cohesive,
n the capability to cohere or stick together to form a mass. , integrated regional organization," Mr. Claypoole added. "As a result, we have been able to accomplish this restructuring without disrupting our revenue growth or our superior customer service. The next stage of our strategy is to replicate rep·li·cate
1. To duplicate, copy, reproduce, or repeat.
2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism.
A repetition of an experiment or a procedure. our successful Northeast model nationwide."
The restructuring consolidates the operations of Aztec's New England subsidiaries, Bay State Computer Group and Mahon Communications, into one division, Aztec New England, under the management of Jim Mahon, Regional Managing Director. In the Tri-State region For other tri-state regions, see .
The Tri-State Region is commonly used in the area surrounding New York City to unambiguously refer to the greater metropolitan area. Sometimes the phrase is shortened to "the Tri-State," or "the Tri-State Area" is used instead. of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey and Connecticut, Aztec's subsidiaries Digital Network Associates (DNA DNA: see nucleic acid.
or deoxyribonucleic acid
One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. ), Professional Network Services (PNS Peripheral nervous system (PNS)
One of the two major divisions of the nervous system. PNS nerves link the central nervous system with sensory organs, muscles, blood vessels, and glands. ), Bay State Computer Group-New Jersey and PCSI PCSI Pacific Communication Sciences, Inc.
PCSI Patient Classification Systems International
PCSI Pakistan Cotton Standard Institute
PCSI Perfect Channel State Information
PCSI Polymer Coatings and Surfacings Institute , have been consolidated into another single division. The new Tri-State region will be jointly managed by Phil Arturi, Regional Managing Director of Operations, and Rich Erickson, Regional Managing Director of Sales. All three executives , along with the presidents of Aztec's remaining subsidiaries, will report to Aztec's chief operating officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Ira Cohen cohen
(Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. .
In addition, Ben Tandowski, a member of Aztec's Board of Directors and founder of PCSI, assumes the new position of Chief Technology Officer. Mr. Tandowski will chair the Executive Technology Committee which advises the chairman on the strategic direction of Aztec's solutions capabilities.
About Aztec Technology Partners
Aztec Technology Partners, Inc. is a "one-stop" information technology solutions provider for middle market and Fortune 1000 companies from a broad range of industries. Aztec provides superior client service and value-added solutions to customers throughout the U.S. For more information, please visit the Company's Web site at www.aztectech.com.
This press release contains "forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," within the meaning of federal securities laws, that involve risks and uncertainties. All statements herein, other than those consisting solely of historical facts, that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such matters as business strategy, measures to implement strategy, competitive strengths, goals, references to future successes and other events, may be forward-looking statements. Statements herein are based on certain assumptions and analyses by the Company in light of its experience and its perception of historical trends, current conditions and potential future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results, events and developments will confirm with the Company's expectations is subject to a number of risks and uncertainties and important factors could cause actual results, events and developments to differ materially, from those referenced in, contemplated by or underlying any forward-looking statements herein, including among others, the continued development and viability of the Company's operations, the Company's success in identifying, completing and integrating acquisitions, the Company's ability to manage its growth, the impact of industry and economic conditions, competition and other factors, many of which are beyond the control of the Company. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized.