Core Solutions, Inc. Includes Two Additional Candidates to Its M&A List.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 15, 2002 Core Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSOU) announced today that it is considering two more acquisition candidates representing an additional $11 million in annual revenue. As a result, the company is currently executing due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on a total of 12 companies representing $53 million in gross revenue annually. The company expects to begin integrating at least half of these by the end of the year. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. President Christine Favara Favara can refer to:
M&A is only one component of a comprehensive development plan initiated by Favara and a team of business consultants that she organized. The anticipated effects of this plan are a significant impact on the financial performance of the company for this next quarter, and a substantial improvement in the profitability of the company over the next year. 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. filings with the Securities and Exchange Commission. |
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