CEO Takes a Large Stake in RMH Teleservices: Senior Management Purchases Additional Shares.Business Editors BRYN MAWR Bryn Mawr (brĭn mär), uninc. town (1990 est. pop. 10,000), Montgomery co., SE Pa., a residential suburb of Philadelphia. It is the seat of Bryn Mawr College (for women), opened in 1885 by the Society of Friends. , Penn.--(BUSINESS WIRE)--March 31, 2000 RMH Teleservices RMH is a global telecommunications company, purchased in 2004 by NCO Group. RMH had locations in Saint John, and Oromocto in the Canadian province of New Brunswick as well as in Thunder Bay and Sault Ste. Marie, Ontario, and Surrey BC. , Inc. (Nasdaq NMS See NetWare Management System. :RMHT) today announced that John A. Fellows, Chief Executive Officer, purchased 101,315 shares of common stock in a private transaction. In addition, Robert M. Berwanger, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and Noah A. Asher, Chief Financial Officer, have increased their holdings in the Company by purchasing a total of 25,000 shares in a private transaction as well. Following these purchases, Mr. Fellows now holds 203,815 shares of the Company's common stock and has the option to purchase another 100,000 shares. Mr. Berwanger and Mr. Asher own a total of 30,500 shares of common stock with options to purchase an additional 140,000 shares. Mr. Fellows commented on behalf of his colleagues, stating, "We are of the opinion that effective corporate leaders share mutual interest as well as risk with the public stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. when they invest their own money in their companies. As such, we believe that our investment in the Company speaks to the confidence we have in its future and to our commitment to enhance long-term shareholder value." About RMH Teleservices RMH Teleservices, Inc. is a leading provider of inbound and outbound telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. , inbound customer service and e-commerce customer contact programs for major corporations on both a business-to-business and business-to-consumer basis. Founded in 1983, the Company is headquartered in Bryn Mawr, Pennsylvania Bryn Mawr is a census-designated place (CDP) in Lower Merion Township, Montgomery County, Pennsylvania, just west of Philadelphia along Lancaster Avenue (US-30) and the border with Delaware County. and has 20 facilities throughout the United Stated and Canada. To learn more about RMH Teleservices, please reference the Company's web site at www.rmht.com. This news release contains forward-looking statements. Such forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified and certain of which are discussed from time to time in the Company's filings with the Securities and Exchange Commission. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. |
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