SSGI insider buying
I just received this news that SSGI's COO has bought up a bunch of stock. Maybe that will create some new found interest...
SSGI President and COO Ernie Wagner Announces Purchase of 200,000 Shares of Company Stock
ANNAPOLIS, Maryland — January 3, 2001 — Ernie Wagner, President and COO of SSGI (OTCBB: SSGI), a leading services provider of Technology-Based Training and Just-In-Time information applications for the manufacturing market, today announced that he purchased 200,000 shares of the Company’s stock effective December 29, 2000. The respective Form 4 statement was filed with the SEC on January 3rd, 2001.
Mr. Wagner indicated he wished to take advantage of SSGI’s current stock prices to establish his investment in the Company. Commenting on the timing of the purchase Mr. Wagner stated, "I believe that SSGI shares are a good value in the current market. When the SSGI share price dropped to near its 52-week low during the month of December, I decided the time was right to capitalize on it.” Wagner continued, “Not only has the Company achieved record growth in revenues in the past two consecutive quarters, but also the Company exceeded last year's total revenue ($992,331) in only the first three quarters ($1,076,772) of year 2000. In fact, the combination of continued record-setting revenue achieved from our core custom services, with the expected market potential for our future application services, leads me to believe that the growth trend of SSGI's revenues may not only continue, but may increase.”
According to a March 2000 industry research report on e-learning conducted by WR Hambrecht & Co., corporate e-learning is one of the fastest growing markets in the education industry. The report indicated that the online training market is expected to nearly double in size every year through 2003, when it will reach approximately $11.5 billion. Within the e-learning market segments, the research report noted that the services segment of the e-learning market was the fastest growing segment, with a Compounded Annual Growth Rate (CAGR) of 111%.
“I am more confident than ever in SSGI’s strategy and ability to provide manufacturers with a highly interactive and intuitive learning environment for their workers. The recent flurry of activity in the e-learning space makes it clear to me that industry is embracing technology-based education for the work force as the most effective way to increase productivity and retain expertise. This in turn translates directly into hard dollar savings for these companies,” Wagner concluded.
About Strategic Solutions Group:
Strategic Solutions Group, Inc. is a leading services provider of Technology-Based Training and Just-In-Time Information software applications that seamlessly link digital video and audio content with rich text and graphics, comprehensive animations and simulations and dynamic Web links. These customized solutions provide end-users with a robust, fully integrated and highly interactive and intuitive learning experience on their computer desktops delivered via the Internet, Intranets, DVD, CD-ROM or any combination thereof.
For more information or to view copies of recent SEC filings, such as the Form 4 statement cited in this release, please visit their web site at www.groupsolutions.com, or contact SSGI’s Investor Relations at 1-480-839-2266.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this document the matters described herein contain forward looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product demand, competition, and market conditions, the result of litigation, technological difficulties, the ability of the company to obtain financing on acceptable terms and/or factors outside the control of the Company, which are detailed from time to time in the Company’s SEC reports, including the report on Form 10-KSB for the year ended December 31, 1999.
Contact:
Riley Communications, Tempe, AZ
Kim McIntyre, (480) 839-2266
kimmcintyre@qwest.net |
