BGI, Inc. Retains Management Consultants to Support Growth.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Aug. 10, 2001 BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BGII BGII Baldur's Gate II: Shadows of Amn (computer game) )(http://www.bgicorp.com) announced today that it has secured the services of Wescom Consulting, a division of Wescom Capital Inc. -- a leading management and business consulting organization -- to support its market and geographical expansion in the promotional sweepstakes and prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. phone card markets. The initial one-year contract covers three distinct business areas: general management, financial, and marketing consulting. "BGI made the decision to work with Wescom because they were the only consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a we saw with the practical experience and depth of knowledge to support our aggressive growth strategy," said Reid Funderburk, chairman 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. of BGI. "Wescom will give us the operational expertise we need to focus on diversifying our product line and creating strong, sustained revenue." One of the key objectives of the business relationship is to enhance BGI's existing product line. BGI is active in a number of different segments of the prepaid phone card and promotional sweepstakes market, with products like Lucky Strike Prepaid Phone Cards and its new Charity Station, a charitable sweepstakes that works with organizations such as the Veterans of Foreign Wars. Wescom boasts decades of first-hand experience in meeting capital objectives, formulating business strategy, mergers and acquisitions, and in the development and marketing of new products. The consulting company has worked with clients across a broad range of sectors, including gaming, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , manufacturing, retail and distribution, as well as database management, customer relationship marketing, and direct marketing. "We're here to provide financial management, operational management and marketing data and direction so BGI's executive team can concentrate on pushing the company forward," remarked Gary Keister, president and CEO of Wescom Consulting. "It's about taking the growth BGI's seen in the last several months and capitalizing on the opportunities they've already created in the marketplace." While its innovative and unique product portfolio is helping BGI build revenues quickly, the company felt it needed more resources to adequately support these activities and launch new products and services this year. "Wescom gives us a practical and cost effective way to manage and develop our order base without having to sacrifice valuable internal resources," added Funderburk. About BGI Inc. Based in Austin, Texas, BGI, Inc. is a leading provider of instant cash sweepstakes games 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. . BGI promotes the sale of prepaid phone cards with its stand alone Lucky Strike Prepaid Phone Card Dispensers and provides Charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. with alternative fund raising programs with its Charity Station Machine. Both products feature an instant win sweepstakes with an alternative method of entry with no purchase or donation necessary. BGII has been publicly traded and fully reporting since December, 1994. About Wescom Capital Inc. Wescom Capital Inc. is a privately held strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and business consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that offers personal attention to both current issues of concern and long term strategic development. The senior partners at Wescom bring literally decades of first hand management experience in business development, international trade, inventory control, sales, financial accounting, and marketing strategy. Wescom accepts clients on a case by case basis only where analysis by Wescom management sees the potential for companies to accelerate growth, streamline operations, and create new levels of customer value. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. ", These statements made by BGI, Inc. (BGII) may be forward looking in nature, particularly as related to the business plans of the Company within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from projected statements. BGII believes that its primary risk factors include, but are not limited to the need for substantial financial requirements; the need to develop effective internal processes and system; changes in the overall economy; continued and future strategic alliances; changes in technology, the number and size of competitors and the mix of products and services offered in its markets; and changes in the law and regulatory policy. |
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