Core Solutions, Inc. Announces Nationwide Sales & Marketing Initiative.Business Editors LOS ANGELES--(BUSINESS WIRE)--Aug. 20, 2002 Core Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSOU) announced today that it has initiated the development of a nationwide sales and marketing team to expand the company's client base to other geographic regions. To date, the company's key revenue concentrations have been localized Translated into the spoken language of the country. See localization. in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and Hawaii, but management recognizes that significant opportunities still exist in other regions of the country that have not been saturated by competitive elements. Considerable revenue potential exists in the ten separate regional territories that the company will endeavor to develop over the next year. After doing a comprehensive demographic, market and competitive study, management has decided to rollout a nationwide marketing campaign in multiple stages while utilizing both independent agents and salaried sales personnel. Using several forms of incentive-based compensation will allow the company greater managerial flexibility Managerial flexibility Flexibility in the timing and scale of investment provided by a real investment option. while developing its new territories and sales channels. This development is the most recent in a series of steps taken by new management to revitalize re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. sources of revenue and increase competitive standing in the key market areas that determine profitability within the industry. Management is confident that they are on target to achieve their goal of $250 million of annual revenue within 36 months. Note: The statements contained in this press release that are not historical facts 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. that involve a number of risks and uncertainties. Therefore, the actual results of future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) regulatory and tax developments; (ii) the effectiveness of the Company's sales and marketing efforts; (iii) changes in the competitive environment of the industry; (iv) changes in general economic conditions; (v) changes in the Company's direct costs and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. ; (vi) the estimated costs and effectiveness of capital projects and investments in technology and infrastructure. (vii) Management's ability to effectively implement its business strategy. These factors are described in further detail in Core Solutions, Inc.'s filings with the Securities and Exchange Commission. |
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