BHC Financial Inc. purchases assets of Audio Response Services Inc.PHILADELPHIA--(BUSINESS WIRE)--July 13, 1995--BHC Financial 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 :BHCF BHCF Bedford Hills Correctional Facility (New York) BHCF Brighton Heights Citizens Federation (Pittsburgh, PA) ) announced Thursday that it has acquired the assets of Audio Response Services Inc. (ARS ARS In currencies, this is the abbreviation for the Argentine Peso. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) of Arlington, Va. for $925,000. ARS provides network technology, primarily voice response services, to a total of 20 brokerage companies and other financial institutions, four of which are also customers of BHC BHC benzene hexachloride. BHC, ?-BHC see benzene hexachloride. Securities Inc. ARS had revenues of approximately $1 million in 1994. Robert Foulks, who served as president of ARS, has been named president of a newly formed BHC Financial subsidiary. William T. Spane, chairman of BHC Financial Inc., stated that the new company, NETVEST Inc., will be developing enhanced versions of its Voice Quote family of products. Looking ahead, the company expects to market PC order entry and will be developing other brokerage product applications suitable for delivery on the Internet. BHC Financial Inc., through its principal business unit BHC Securities Inc., is a leading national third-party provider of integrated processing and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to securities brokerage affiliates of banks and other financial institutions. CONTACT: BHC Financial Inc., Philadelphia William T. Spane Jr., 215/636-3003 or Lawrence E. Donato, 215/636-3005 |
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