Business Resource Group To Explore Strategic Alternatives To Enhance Shareholder Value.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Jan. 6, 2000 Business Resource Group (BRG BRG Bridge BRG Bearing BRG Bundesrealgymnasium (German: state secondary school) BRG Bureau des Ressources Genetiques (France) BRG Business Relations Group BRG British Racing Green BRG Best Regards ) (Nasdaq:BRGP), a leading provider of total workspace solutions, today announced that its board of directors has engaged the investment banking firm of Huntington Holdings, Inc. to explore various strategic and financial alternatives for maximizing shareholder value. Such alternatives may include, but are not limited to, a merger, a strategic alliance, the infusion of additional equity, or an affiliation with a strategic partner. There can be no assurance that a transaction will result from this process. John W. Peth, president and chief executive officer, commented, "The management team of BRG is pleased with the progress that it has made to date and is committed to continue leading the company to achieve its long-term growth and profit objectives. We believe it is in the best interests of BRG shareholders to explore a wide range of strategic alternatives in order to more aggressively expand our operations and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the market opportunities available to BRG. Our goal in this process is to maximize shareholder value by strengthening our position as a leading supplier of total workspace solutions, which we believe will also enhance career opportunities for our employees." Business Resource Group BRG provides comprehensive, single source workspace product and service solutions, specializing in the cost-effective management of change in business facilities. BRG's customer base includes industry leaders across multiple segments, such as Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Clarify, CompUSA, Deloitte & Touche, Excel Communications Excel Communications was founded in 1988 by Dallas entrepreneur Kenny Troutt as a long distance reseller in the US telecom sector at the birth of telecom deregulation. , Fujitsu Computer Products, Infoseek/Go Network, Legato Systems, Linear Technology, Motorola, National Semiconductor, Primeco Communications, Silicon Valley Bank, United Airlines and USWeb/CKS. 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. , BRG has additional offices in Dallas, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Phoenix, Raleigh and Greensboro. The matters discussed herein include forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. Factors that could cause actual results to differ materially include, but are not limited to, the continued strength of sales to Cisco Systems, Inc. and other major customers; the timely availability, delivery and acceptance of new products and services; the impact of competitive products, services and pricing; the management of growth and acquisitions; and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission and news releases, copies of which are available from the Company on request. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the results of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion