Business Resource Group announces expansion into Dallas market through acquisition of corporate source.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. 26, 1996--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 Corporate Source, a workspace services and products provider located in Dallas. Business Resource Group purchased substantially all the assets of Corporate Source, including accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , and also assumed certain of its liabilities. In operation since July, 1995, Corporate Source's revenues for the six month period ending Dec. 31, 1995, were approximately $1.5 million. Its largest customers include Comp USA, Affiliated Computer Systems and Dealer Development Services. Included in the assets purchased by the Company is approximately $700,000 in backlog. The acquisition of Corporate Source will allow Business Resource Group to incorporate its facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. operations in the Dallas area with Corporate Source's existing offices, thus offering local businesses access to its full range of workspace services and products from a single location. "We are pleased with the acquisition of Corporate Source," 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 Texas marketplace, represents a significant step forward in our expansion strategy, and allows us to better serve our customers who have operations in both California and Texas. Corporate Source's existing customer base and strong sales force provides us with an immediate platform for delivering our expanded services business model." Business Resource Group has appointed Hal Matthews, owner of Corporate Source, to serve as Vice President of its Texas business unit. "All of the current Corporate Source staff are very excited to be part of the 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 team and vision," commented Matthews, "and we believe the Texas market will respond very positively to our new service offerings." Founded in July of 1995, Corporate Source currently has 12 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, Calif., and has offices in Dallas, Las Vegas, Phoenix, San Francisco, Seattle, and Tucson. CONTACT: Business Resource Group Jessica MacKenzie, 408/441-3700 |
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