BEST Consulting Changes Its Name to Venturi Technology Partners.Business Editors KIRKLAND, Wash.--(BUSINESS WIRE)--Feb. 18, 2002 After 11 years as BEST Consulting and five years as a part of the Personnel Group of America (PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used. (2) (Programmable Gate Array) See gate array and FPGA. )(NYSE NYSE See: New York Stock Exchange : PGA) family of companies, it was announced today that BEST Consulting will change its name to Venturi venturi a tube with a decrease in the inside diameter that is used to increase the flow velocity of the fluid and thereby cause a pressure drop; used to measure the flow velocity (a venturimeter) or to draw another fluid into the stream. Technology Partners effective February 28, 2002. BEST will join the other 18 PGA Information Technology Companies to form a single IT company with a nationwide focus on IT staffing and consulting solutions as its core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
"The new Venturi Technology Partners is an organization with over 2,500 IT consultants managed by teams of experienced IT operation specialists with personal knowledge and expertise in their geographic locations," stated Michael H. Barker, President of PGA's IT Services Division. "Our new name underscores the value we place on our client and consultant partnerships as well as the unified focus on our total operations." The famous Italian Physicist Giovanni Venturi, known for his groundbreaking work in fluid mechanics fluid mechanics, branch of mechanics dealing with the properties and behavior of fluids, i.e., liquids and gases. Because of their ability to flow, liquids and gases have many properties in common not shared by solids. , inspired the Venturi name. "The name serves as a metaphor for the service we provide our clients, which is channeling the flow of human innovation," explained Murray, adding that, although the company name has changed, "our quality of people and commitment to service excellence stays the same. We take pride in knowing that Venturi Technology Partners is synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as quality IT solutions and continues as a premier IT company." About BEST Consulting: BEST offices are strategically located in major cities throughout eight states. BEST is headquartered in (Kirkland) Seattle, WA with approximately 500 Information Technology Consultants company-wide who deliver state-of-the-art technology solutions for their clients. About PGA Personnel Group of America, Inc. (NYSE: PGA) is a nationwide provider of information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. services; high-end clerical, accounting and other specialty professional staffing services; and technology systems for human capital management. The Company is based in Charlotte, N.C. Forward Looking Statements Certain information contained in this press release may be deemed 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. regarding events and financial trends that may affect PGA's future operating results or financial position. These statements may be identified by words such as "estimate," "forecast," "plan," "intend," "believe," "expect," "anticipate," or variations or negatives thereof, or by similar or comparable words or phrases. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in such statements. These risks and uncertainties include, but are not limited to, the following: changes in levels of unemployment and other economic conditions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , or in particular regions or industries; adverse changes in credit and capital markets conditions that may affect the Company's ability to obtain financing or refinancing Refinancing An extension and/or increase in amount of existing debt. on favorable terms; economic declines that affect the Company's ability to comply with its loan covenants A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or forbids the borrower from undertaking certain actions, or possibly restricts certain activities to circumstances when other conditions are met. ; reductions in the supply of qualified candidates for temporary employment or the Company's ability to attract qualified candidates; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for PGA's services, or the Company's ability to maintain its profit margins; the possibility of the Company incurring liability for the activities of its temporary employees or for events impacting its temporary employees on clients' premises; the success of the Company in attracting, training and retaining qualified management personnel and other staff employees; and whether governments will impose additional regulations or licensing requirements on personnel services businesses in particular or on employer/employee relationships in general. Because long-term contracts are not a significant part of PGA's business, future results cannot be reliably predicted by considering past trends or extrapolating past results. The Company undertakes no obligation to update information contained in this release. |
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