Circle.com Restructures San Francisco Office; Move Is In Anticipation of Continued Growth Within Havas Advertising Network.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--March 6, 2001 Circle.com (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 :CIRC), a leading digital creative communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , today announced that it has restructured its 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 office, resulting in the elimination of 29 positions. The company has some 480 associates across nine offices worldwide. The company's San Francisco restructuring is part of its effort to refocus on core competencies and to rationalize its organization for long-term growth within the Euro RSCG Worldwide network. "We feel this restructuring in San Francisco further strengthens our network by allowing us to focus on what that office does best. Our San Francisco office has always been a network leader in e-marketing services and solutions," stated Charlie Tarzian, Circle'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. . "This initiative is part of our strategic plan to fully align Circle around our major practice areas of electronic customer relationship management, creative communications and e-channel solutions, consulting and technology implementations." Circle is a division of Havas Advertising (NASDAQ:HADV; Euronext Paris SA: HAV HAV hepatitis A virus. HAV abbr. hepatitis A virus HAV Hepatitis A virus, see there .PA), with its own tracking stock. On February 5, Havas Advertising announced a definitive merger agreement under which all of the tracking stock of Circle.com will be exchanged for Havas Advertising ADSs. Tarzian also noted that he foresees significant opportunities for synergy and collaboration with its new network, Havas' Euro RSCG Worldwide. Circle also recently reported financial results for its fourth quarter and full year ended December 31, 2000, showing substantial revenue increases for both the quarter and full year from the prior year periods. "Our action today keeps us on track to become a significant, profitable contributor to Euro RSCG Worldwide's overall network performance," Tarzian said. "The fundamentals of our business are strong and a string of new business wins in the first half of Q1 cause us to be very optimistic about our future." About Circle.com Circle.com (NASDAQ:CIRC)(www.circle.com) is a Web solutions provider for Global 3000 clients worldwide, specializing in Internet-based customer relationship management campaigns. Clients include: Verizon, Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. , Talbots.com, And1, Budweiser, Eagle Star Financial, Lexmark, PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Financial, Schlumberger and Symantec. |
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