Datascension, Inc. Announces Contract Extension with Major Client; World Leading Research Company Renews Strategic Relationship with Datascension, Inc. Valued at Approximately $1,500,000.BREA, Calif. -- Datascension, Inc. Signs Contract for New Facility in Order to Increase Capacity Datascension, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DSEN), a premier data solutions company, today announced that one of its primary clients, a world leader in traditional and online research, has elected to exercise its option to renew its contract and continue its strategic relationship with Datascension, Inc. The contract is valued at approximately $1,500,000 over the next 12 months. Commenting on the decision, Joey Joey after Joseph Grimaldi, famous 19th-century clown. [Am. Hist.: Espy, 45] See : Clowns Harmon, Datascension's V.P., stated, "We are pleased that our collective efforts to offer our clients the best quality research collection are materializing into strong relationships with our client base. We are experiencing more of our business in the form of ongoing contractual relationships with existing clients. This, coupled with our diversity of services, continues to bring a high level of stability to our revenue streams. There is also a positive impact on margins as the consistency of the work requires less training hours. We are also pleased that a substantial majority of our existing work is under contract or is in serious contract negotiations." Commenting on Datascension's growth, Scott Kincer, 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. , stated, "This week we signed a contract to begin the immediate construction of a new, state-of-the-art facility that will enable us to increase both the quality and quantity of our services by utilizing robust technology and infrastructure for our industry. Furthermore, this initiative will enable us to significantly increase our production capacity. The new facility will enable Datascension, Inc. to support as much as 200% more production capacity than it is currently delivering. The Company will update its shareholders on the details and timing of the initiative in the near future." About Datascension Datascension, Inc. is engaged in the collection, storage and processing of data and conducting outsourced market research with operations in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. and the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. . Datascension is rapidly becoming one of the largest Spanish-speaking call centers in the world. The Company's commitment to customer service, quality and on-time project management has fostered its world-class reputation among major market research firms and corporate market research departments. For further information: www.datascension.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. : Statements about Datascension's future expectations, including future revenues and earnings, and all other statements in this press release other than 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. " within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Datascension's actual results could differ materially from expected results. |
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