LASON AWARDED MAJOR CONTRACT; Each of Lason's Core Businesses to be Supplier.TROY, Mich.--(BUSINESS WIRE)--Jan. 16, 1997--Lason, Inc. (Nasdaq NM:LSON LSON Low Speed on ), a leading provider of integrated outsourcing services, today announced the signing of a three-year contract with Indianapolis-based Resorts Condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. International (RCI RCI Royal Caribbean International RCI Radio Canada International RCI Rehabilitation Council of India RCI Residential Communities Initiative RCI Roof Consultants Institute RCI Remote Control Interface RCI Residential, Commercial, Industrial ), the world's leading provider of timeshare A form of shared property ownership, commonly in vacation or recreation condominium property, in which rights vest in several owners to use property for a specified period each year. exchange programs. The new contract, with an estimated total value of between $4.0 and $6.0 million, provides for Lason assuming exclusive responsibility for RCI's internal and external document reproduction, records management, and electronic print and distribution activities. "We're delighted to have this opportunity to combine our capabilities with a world-class company like RCI," stated Gary L. Monroe, chief executive officer of Lason. "Outsourcing these vital, but non-core business activities will allow RCI management to focus on their core business while realizing substantial cost savings." Lason, Inc. is a leading provider of integrated outsourcing services for records management, document management and business communications. Since its founding in 1985, Lason has grown to employ over 1,150 people with operations in eight states and provides services to over 2,200 customers. The Company currently has 15 multi-functional imaging centers and operates 40 facility management sites located on customers' premises. With more than 3,000 contracted resorts in 80 countries and over 2 million members worldwide, RCI services 75 percent of the global timeshare market. It is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of New Jersey-based HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Incorporated (NYSE NYSE See: New York Stock Exchange :HFS). The statements in this press release which are not historical fact are forward-looking statements that involve risks and uncertainties including, but not limited to, developments by competitors, entry of new competitors, changes in the business services outsourcing industry, and other risks detailed in the Company's prospectus dated October 9, 1996, and other filings with the Securities and Exchange Commission. CONTACT: Lason, Inc., Troy William J. Rauwerdink, 810/597-5800 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion