DA Consulting Files Chapter 7.

Business Editors

HOUSTON--(BUSINESS WIRE)--Dec. 29, 2003

DA Consulting Group Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB). :DACG DACG Departure Airfield Control Group
DACG Documentation Associates Consulting Group, Inc (Houston, TX) ) announced it has filed a voluntary petition under Chapter 7 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Code Bankruptcy Code may refer to:

Bankruptcy in Canada
Bankruptcy in the United States
Bankruptcy in China

for it and its United States subsidiary. The subsidiaries of the Company which are not organized under the laws of the United States, including its subsidiaries organized in the United Kingdom, Australia Australia (ôstrāl`yə), smallest continent, between the Indian and Pacific oceans. With the island state of Tasmania to the south, the continent makes up the Commonwealth of Australia, a federal parliamentary state (2005 est. pop. and Canada, have not filed petitions under the Bankruptcy Code and their assets are not subject to the Chapter 7 case of the Company.

The Company will end the year with a revenue decline and is anticipating further decline in the first quarter of 2004. The Company, already weak from declining revenue and losses in the last four fiscal years, could not survive further decline as an international publicly held company.

The Company's revenue declined 23% in the first three quarters of 2003 reflecting industry trends. Revenue declined 27% in the third quarter ending September 2003. Revenue is estimated to decline in both the fourth quarter 2003 and further declines are forecast for 2004.

The Company was unable to complete merger and sale transactions it had been pursuing due to rapidly declining revenue and unpredictable future revenue.

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Publication:	Business Wire
Date:	Dec 29, 2003
Words:	199
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