Complete Business Solutions, Inc. -- CBSI -- Opens Manila Development Center; Customer Demand and Large Talent Pool Key to Expansion Decision.FARMINGTON HILLS Far·ming·ton Hills A city of southeast Michigan, an industrial suburb of Detroit. Population: 81,400. , Mich.--(BUSINESS WIRE)--Dec. 8, 1998--Complete Business Solutions, Inc. (Nasdaq:CBSI CBSI CUNA Brokerage Services, Inc. CBSI Cambodian Buddhist Society, Inc. (Silver Springs, Maryland) CBSI Certified Bridge Safety Inspector CBSI Custom Business Solutions, Inc. ) announced today the official opening of a new development center in the Philippines. "The demand for our full service model and our Partnership Sourcing solutions led to our decision to expand in Asia," noted Raj Vattikuti, president and 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. of CBSI. "The Philippine development center will be an excellent hub to support our clients who maintain global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. ." "We have proven this approach works with our offshore development centers in India, where we have an excellent track record for delivering successful projects in a timely, cost-effective manner. We are now ready to expand on our success in the Philippines to give customers in the Japan, Europe and Asia regions more delivery options." Tony Strange, CBSI manager of the Philippines operations said, "Our office now has 25 employees and we expect to hire 80 more in the next year. Having access to over 17,000 English-speaking computer science graduates a year is an excellent way to recruit top talent and gives the region a tremendous advantage for delivering projects quickly." Philippine Department The Philippine Department (Philippine Garrison -- The Battling Bastards of Bataan) was a regular US Army unit, defeated in the Philippines, during World War II. The mission of the Philippine Department was to defend the Philippine Islands and train the Philippine Army. of Trade & Industry Secretary Jose Pardo said the entry of a global IT player into the area is an indication that the international business community still sees the country as a prime choice for investments. Tony Strange, manager of the Manila office is available for interviews. Please contact him through CBSI's Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Department, 248-848-2284. About Complete Business Solutions, Inc. CBSI utilizes a proprietary Offsite Success Management Methodology (COSMO) to enable effective implementation of projects using onsite, offsite and offshore resources. The company is a worldwide provider of a broad range of information technology services to large and mid-size organizations, from advising clients on strategic technology plans to developing and implementing custom-tailored solutions. The company's services include: Packaged software See software package. implementation; large systems applications development and maintenance; re-engineering legacy applications to client/server; client/server applications development; consulting services; contract programming; internet/intranet solutions and Year 2000 conversion and testing. To learn more about CBSI, visit its website at http://www.cbsinc.com. 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. Provision With the exception of statements regarding historical matters and statements regarding the Company's current status, certain matters discussed herein are forward-looking statements that involve substantial risks and uncertainties that could cause actual results to differ materially from targets or projected results. Such forward-looking statements regarding targets or projections may be identified by the use of the words "anticipate", "believe", "estimate", "expect", "plan" and similar expressions. Factors that could cause such differences include the recruitment and retention of IT professionals, government regulation of immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. , increasing significance and risks of non-U.S. operations, variability of operating results, decrease in demand for Year 2000 services, exposure to conditions in India, fixed-price projects, competition, management of growth, rapid technological change, risks related to mergers and acquisitions and potential liability to clients. |
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