Business Resource Group Announces Expansion into Southwest through Acquisition of RST & Associates.SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 28, 1995--Business Resource Group (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 :BRGP) announced today the acquisition of RST & Associates, Inc. (RST), a workspace services and products provider with headquarters in Phoenix, Arizona and with branch offices in Tucson, Arizona and Las Vegas, Nevada. Business Resource Group purchased substantially all the assets of RST, including accounts receivable, and also assumed certain liabilities of RST. RST's revenues were in excess of $4 million for the 12-month period ended August 31, 1995, and its three largest customers in that period were Motorola, University of Nevada University of Nevada could refer to either of the universities in the Nevada System of Higher Education:
The City of Las Vegas . The purchase of RST, which represents the Company's first corporate acquisition since its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in June, follows the recent leasing of office space in both Dallas and Seattle. "We are pleased with the acquisition of RST & Associates," commented Business Resource Group 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. Jett Winter. "It provides us immediate access to the fast growing Phoenix, Tucson, and Las Vegas markets and represents a significant step forward in our expansion strategy. RST's existing customer base and strong sales force provides us with an immediate platform for delivering our expanded services business model." Business Resource Group expects Ted Ritter, owner of RST & Associates, to serve as Vice President of Sales, Southwest. "All of the current RST staff are very excited about the acquisition," commented Ritter, "and we believe the southwest market will respond very positively to our new service offerings." Founded in 1987, RST currently has 20 employees. Business Resource Group is a leading provider of workspace services and products to businesses in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The company is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , and has a showroom office in San Francisco and branch operations in Texas and Washington. Originally founded as Business Interiors in 1987, Business Resource Group is traded under the NASDAQ symbol BRGP. CONTACT: Business Resource Group Jessica MacKenzie, 408/441-3700 |
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