Chimes Inc. Adds 1,000th Staffing Company to its Supplier Network.Business Editors TROY, Mich.--(BUSINESS WIRE)--Sept. 25, 2001 Largest Network of Approved Recruiters Helps Clients Widen Scope of Candidate Search; Allows for Greater Efficiencies in Human Capital Management Chimes, Inc., the first choice in human capital management and a wholly-owned subsidiary of Computer Horizons Corp (Nasdaq: CHRZ), reached a significant milestone this week when Sapphire Technologies North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. signed on to become the 1,000th staffing vendor to join the Chimes supplier network. Fifteen of the top 20 staffing firms and consulting companies Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a worldwide are supplying through Chimes. Fourteen percent of the suppliers are minority and or women owned. Chimes' network of staffing vendors is unparalleled throughout the industry, as is its client base of over 20 Global 1000 companies. Through its web-based ASP software, Chimes matches a company's hiring requirements with candidates culled from the industry's largest network of approved and insured staffing suppliers. Because of the size and depth of the supplier network, Chimes lowers the cost of recruiting and managing a workforce for large corporations. Chimes delivers skilled employees at competitive rates in a shorter time frame than traditional recruiting methods. "Having a robust vendor network is critical to making the Chimes offering work. By fostering greater competition among these recruiters, the company can be more selective in terms of the talent that it can select, and the compensation it offers," said Barry Olson, co-president, Chimes, Inc. Chimes is pioneering a trend in human capital management. As companies streamline supply chains enterprise-wide, they are looking to human resource departments to deliver similar efficiencies and savings. Because the software calculates a company's total spend on hiring, managers can leverage that amount to negotiate lower rates with recruiters. For Greg Netland, President of Sapphire Technologies Worldwide, the benefits are reciprocal, "Not only are payments received on time, but Chimes offers access to certain companies that we have not yet cultivated relationships with." Chimes offers Centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. Vendor Management (CVM(TM)) for contingent workforce A contingent workforce is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants. management, and Centralized Applicant Management (CAM(TM)) for permanent, full time employee administration. Back office integration for accounting and payroll through Chimes' Time and Expense (CTE (Coefficient of Thermal Expansion) The difference between the way two materials expand when heat is applied. This is very critical when chips are mounted to printed circuit boards, because the silicon chip expands at a different rate than the plastic board. ) application streamlines invoice processing and timesheet administration. With Chimes Project Management (Chimes PM), on-site staffing specialists administer the entire process. Working across entertainment, finance, insurance, pharmaceutical, retail, services, technology, telecommunications, and transportation, Chimes' clients include Hewlett Packard, Kaiser Permanente Kaiser Permanente is an integrated managed care organization, based in Oakland, California, founded in 1945 by industrialist Henry J. Kaiser and physician Sidney R. Garfield. , The Limited, Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , Universal Studios and UnitedHealthGroup. By generating customized statistics on company hiring needs, managers can monitor expenditures by department, position, and review market data on requirements. About Sapphire Technologies Headquartered in Woburn, MA, Sapphire Technologies is one of the world's leading providers of IT staffing solutions. With more than 70 offices in North America, Europe, Asia and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. , Sapphire Technologies connects top talent with top companies around the globe or around the corner. Sapphire Technologies is a member of the Select Appointments (Holdings) Ltd. Group of companies, the largest operating division of Vedior NV. With annual 2000 sales of <128> 6.6 billion, Vedior is the world's 3rd largest staffing services company by revenue. More than 15,000 employees in over 2,200 offices deliver their services in 28 countries worldwide. Additional information about Sapphire Technologies is available at www.sapphire.com and additional information about Vedior is available at www.vedior.com. About Chimes Chimes, Inc. is a leading provider of e-Procurement solutions for human resource acquisition and management. Chimes combines ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 compliant procedures, technology, and automates performance evaluations Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return , exit interviews. Chimes' Centralized Vendor Management (CVM(TM)) and Centralized Applicant Management (CAM(TM)) offerings procure top professionals by utilizing proven supply chain management techniques. Chimes manages the entire process, simplifying billing and timesheet administration through Chimes Time and Expense (CTE(TM)) application. On-site project managers are available to coordinate all sourcing activity through the Chimes' Project Management offering. Chimes uses web based Coming from a Web server. See Web application. , ASP software. For more information, visit www.chimesnet.com. About Computer Horizons Corp. Computer Horizons Corp. (Nasdaq: CHRZ) is a strategic human capital services and e-Business solutions company with more than thirty years of experience, specifically in information technology. As a global leader in systems integration and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) enables companies to maximize technology investments. By leveraging its core business in IT services and its proprietary technology through Chimes, its wholly-owned subsidiary, CHC is enabling its Global 2000 customer base to align and integrate business planning with human resource management across an enterprise's business functions. For more information on Computer Horizons, visit www.computerhorizons.com. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " (within the meaning of 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) that involve a number of risks and uncertainties. It is possible that the assumptions made by management--including, but not limited to, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc contract awards, service offerings, market opportunities, results, performance expectations, expectations of cost savings, or proceeds from sale of certain operations--may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors include the risks associated with unforeseen technical difficulties, the ability to meet customer requirements, market acceptance of service offerings, changes in technology and standards, the ability to complete cost-reduction initiatives, the ability to execute the sale of certain operations or other initiatives, dependencies on key employees, customer satisfaction, availability of technical talent, dependencies on certain technologies, delays, market acceptance and competition, as well as other risks described from time to time in Computer Horizons' filings with the Securities Exchange Commission, press releases, and other communications. |
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