Epixtar Signs Long-Term Lease on Philippine Call Center Facility.Business Editors/High-Tech Writers MIAMI--(BUSINESS WIRE)--Aug. 4, 2003 EPIXTAR Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EPXR) today announced that it has executed a 10-year lease to occupy a state-of-the-art facility in Eastwood City Eastwood City is a 16-hectare commercial and residential development located in Quezon City in the Philippines. It is a project of the Megaworld Corporation, a real-estate and property developer. , Manila. The 80,000 square foot building will serve as Epixtar's flagship Philippine call center, capable of accommodating upwards of 1,500 teleservices and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) seats. The facility, currently known as the Eastwood Corporate Center, will undergo extensive renovations and be renamed "Epixtar House." Epixtar's first Philippine call center will occupy the entire 12 floors of the building located in one of metro-Manila's prime commercial districts. The complex provides ample ground-level retail space for recruiting initiatives and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , 4 parking levels, executive offices, and 7 levels of production and training capacity. With partial occupancy expected in October 2003, and phased-in build-out over subsequent months, total completion and operations at full capacity is anticipated by January 2004. Epixtar House is located in an area of Manila designated as a PEZA PEZA Philippine Export Zone Authority zone, which qualifies the Company for government incentives including certain tax holidays provided by the Philippine Economic Zone Authority. The lease was entered between Megaworld Corporation, a leading Philippine commercial developer, and Epixtar Philippines IT Enabled Services Corporation, and was successfully negotiated by Epixtar's managing director for the Philippines, Mr. Gideon Javier. CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. in Manila assisted with the transaction. "Our Manila facility's quality appointments not only establish Epixtar as a tier-1 provider from the standpoint of our clients, but provides an excellent environment for our agents to flourish," said Sneharthi Roy, senior vice president for call center operations. "Epixtar House's Close proximity to the leading universities of the Philippines offer us the opportunity to attract a highly capable staff of call center professionals." The Company has already secured temporary space around Manila to begin recruiting and training initiatives so as to be prepared to begin actual operations immediately upon completion of Epixtar House's renovation. About Epixtar Corp. Epixtar is a provider of marketing services - aggregating contact center capacity and robust infrastructure to deliver comprehensive, turnkey solutions. From campaign design through ongoing management, Epixtar delivers value-driven, creative solutions for telesales telesales Noun the selling of a commodity or service by telephone telesales npl → televentas fpl telesales npl → initiatives. Epixtar combines global capacity with innovative performance-based compensation and proven methodology to deliver highly successful marketing campaigns. Leading companies use Epixtar's marketing expertise and contact center capacity to acquire, support, and enhance the customer experience, reduce costs and generate top-line revenue. Based in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , Epixtar conducts operations in India, the Philippines, and the Caribbean. 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. Statement This release contains statements about expected future events and financial results that are forward looking. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Actual results could be affected by a downturn in the economy, new competitive products, slower rate of growth in member base, higher than anticipated cancellations, unforeseen expenses, or technical failure related to self generating web site development or inability to scale server capacity to meet demand. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words: "anticipates," "believes," "estimates," "hopes" or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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