EngineX Restructures for Continued Growth.Business & High-Tech Editors TORONTO--(BUSINESS WIRE)--Oct. 25, 2001 EngineX Equity Management Group Inc., a professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm, announced today that it is restructuring its corporate organization and financing. "The operations of our two EngineX subsidiaries, EngineX KnowledgeWorks and EngineX Design are being folded into the parent EngineX company," says Leslie Hayman, President of EngineX. "Existing teams will carry on as part of the one corporate entity working under the EngineX name." "This change generally corresponds with our September year-end, at which time we began to rationalize ra·tion·al·ize v. 1. To make rational. 2. To devise self-satisfying but false or inconsistent reasons for one's behavior, especially as an unconscious defense mechanism through which irrational acts or feelings are made to appear EngineX financing with new funding from a private investor," says Hayman. "Despite tightening markets for network related services, we have experienced improved sales and earnings. By simplifying our corporate structure and refinancing Refinancing An extension and/or increase in amount of existing debt. , we can foresee fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. continued growth for EngineX in coming years." About EngineX EngineX is a professional services firm that provides business strategy and network technology to clients including Global 500 companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and abroad. EngineX was established in 1995 to leverage emerging technology for "Putting Collective Knowledge to Work". For more information, see the Web site: www.enginex.com |
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