Call-Solutions Inc. Enters into Marketing Agreement with Epic Resorts; Reverse Stock Split and Name Change Approved by Shareholders.Business Editors ATLANTA--(BUSINESS WIRE)--Oct. 11, 2000 Call-Solutions Inc. has entered into a marketing agreement with Epic Resorts of Daytona Beach, Fla., to expand its time-share appointment setting operations to two new venues. This agreement expands Call-Solutions Inc. marketing operations for Epic to include Atlanta and Chicago. Currently, Call-Solutions does marketing for Epic in California. This expansion is a positive step towards implementing its core business strategy of becoming a leader in teleservice operations for corporate America. Call-Solutions has received a financial commitment from Shaikh & Company, of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , to raise $8 million for Call-Solutions to be used in connection with expanding its call center operations in Jamaica, as well as expanding and building call centers throughout the U.S. and other places in the world which are commercially feasible. "These new occurrences, along with the company's restructuring of its capital market make the company a strong candidate for success in the teleservices business," said Peter Van Brunt, the company's 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. and President. In a Special Shareholder Meeting held Oct. 4, 2000, the Shareholders overwhelmingly approved a reverse stock split of 20 for 1 of the common shares of outstanding BAOA BAOA Bridal Association of America (Bakersfield, California) stock; a name change from BAOA Inc. to Call-Solutions Inc.; and ratification of an accounting firm. "By approving these Resolutions, this will allow us to capitalize Call-Solutions' rapid growth", said the company's CFO See Chief Financial Officer. John Ballard. Call-Solutions' mission is to open call centers throughout the world in locations which have business atmospheres that are encouraging to labor intensive Labor Intensive A process or industry that requires large amounts of human effort to produce goods. Notes: A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people-oriented. See also: Capital Intensive, Trading Dollars business operations. The company also desires to become a world leader in "direct-to-consumer" distribution of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. by using its call center operation. One of the company's principal objectives is to be the first choice of corporate business customers who wish to outsource their company's teleservice needs. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statements under the private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995; The Statements in this release regarding the Company's products, services and markets are forward-looking statements that involve risks and uncertainty, including, but not limited to, products and services, demand and development, technological advances, impact of competitive products and pricing, growth in targeted markets, ability to integrate and leverage acquisitions, and other information detailed from time to time in the Company's Securities and Exchange Commission Filings. |
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