Diversified Corporate Resources, Inc. Announces Resignation of President, Ted Dillard.Business Editors DALLAS--(BUSINESS WIRE)--March 15, 2001 Diversified Corporate Resources, Inc. ("Diversified") (AMEX AMEX See: American Stock Exchange :HIR pron. 1. See Here, pron. os> ) announced today that M. Ted Dillard has resigned from his position as President in order to pursue other opportunities. J. Michael Moore Diversified is pleased to announce that Harry J. Sauer has accepted the position of Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for the Company. Mr. Sauer previously owned and managed a successful staffing firm for over 23 years. In 1998, his company, ACSYS ACSYS Arctic Climate System Study Resources, became publicly traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Exchange and was later sold to an international staffing conglomerate. Prior to leaving ACSYS in August 2000, Mr. Sauer served as Chief Operating Officer and a member of its Board of Directors. Mr. Sauer earned his Bachelor of Arts degree from American University American University, at Washington, D.C.; United Methodist; founded by Bishop J. F. Hurst, chartered 1893, opened in 1914. It was at first a graduate school; an undergraduate college was opened in 1925. Programs provide for student research at many government institutions. and received his M.B.A. from Boston College Boston College, main campus at Chestnut Hill, Mass.; coeducational; Jesuit; est. and opened 1863. Actually a university, the school's Chestnut Hill campus comprises colleges of arts and sciences and business administration, the graduate school, and schools of nursing , majoring in both Marketing and Finance. "We are delighted to have Harry on board as part of our management team. His knowledge of the industry and his experience are invaluable attributes, which will be of great benefit to Diversified. I look forward to working closely with Harry in every aspect of our business," stated Mr. Moore. Diversified Corporate Resources, Inc. is a Dallas-based national employment services firm that provides professional and technical personnel on a contract and permanent placement basis to high-end specialty employment markets, with a focus on the technology market. The Company currently operates a nationwide network of offices to support its Fortune 500 client companies and others. Additional information regarding Diversified can be found on the Company's Web site at http://www.dcri.net. This press release may contain forward-looking statements including statements related to anticipated financial results. Actual results may differ materially from those projected in the forward-looking statements. These statements are based on current Company expectations and are subject to risk and uncertainties that may cause actual results to be materially different from those that may be implied by such forward-looking statements contained in the press release. Important factors that could result in such differences included: general economic conditions in the Company's markets, including inflation, recession, interest rates and other economic factors; the availability of qualified personnel; the level of competition experienced by the Company; the Company's ability to implement its business strategies and to manage its growth, including the ability to effectively integrate new acquisitions; the level of developmental revenues and expenses; the level of 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. expenses; those factors identified in the Company's prospectus dated September, 30, 1997 as risk factors; and other factors that affect business generally. |
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