NEWS: IVGG expands SES operation with Houston Regional office
HOUSTON, May 3 /PRNewswire/ -- IVG Corp. (OTC Bulletin Board: IVGG - news; ivgcorp.com) today announced that its wholly owned subsidiary, SES-Corp., Inc. -- one of the largest full service Professional Employer Organizations (PEOs) in the United States -- has expanded operations with a new regional sales and service office in Houston, Texas.
The opening of the Houston office continues SES' nationwide expansion plan, and strengthens the company's presence in the southwestern United States. SES now operates sales offices in Portland, OR, Atlanta, GA, Santa Ana, CA, Pittsburgh, PA, Auburn Hills and Holland, MI, Mesa, AZ, and Las Vegas, NV. The company also maintains sales representatives in Bend, OR and Denver, CO. Together, these 11 markets represent more than 350,000 businesses and approximately 5.5 million worksite employees that fit the company's target profile.
``The Houston area represents one of our largest markets in terms of potential clients, with thousands of businesses that fit our target profile,'' said President and CEO of SES, Mr. Dennis Lambka. ``We are seeing demand for our services grow dramatically as business owners realize how outsourcing the human resource function can increase their focus on growing profits and raising productivity. This new facility provides space for our sales consultants, human resource specialists and support staff who can assist local business owners with their personnel management needs. And with the rapid growth of this market and our recent acquisition by IVG Corp. -- which is headquartered in Texas -- it made perfect sense for us to open an office here.''
The office, established for SES' wholly owned subsidiary, Design Administrative Resource Technology, Ltd., is located at 13135 Dairy Ashford, Suite 525, Sugar Land, Texas, 77478; and the phone number is (281) 295-8400.
According to the Texas Economy, Houston-Galveston-Brazoria is the second fastest growing metropolitan area in the United States. Texas now accounts for 7.2 percent of total U.S. employment, up from 6.4 percent at the start of the decade. The Texas economy has continued to expand during the past year, with the latest employment estimates from the Texas Workforce Commission indicating a net gain of 272,800 jobs between January 2000 and January 2001 -- an increase of approximately 3.0 percent.
About SES-Corp., Inc.
SES (http://www.sesworks.com) is one of the largest full service Professional Employer Organizations in the United States. Founded in 1989, SES offers small and medium-sized businesses comprehensive management services for the daily administration of human resources and employer obligations. These professional services include payroll and benefits administration, compliance management, medical and workers' compensation insurance programs, unemployment insurance and claims administration, recruiting and placement services, and training and supervisory development services. Headquartered in Auburn Hills, Michigan, SES currently has 10 offices in 9 states, with operations in 42 states servicing over 2,700 clients and more than 32,000 worksite employees nationwide. SES is wholly owned by IVG Corp.
About IVG Corp., Inc.
IVG Corp. acquires and enhances revenue-generating companies with a compelling business model, technology and/or proprietary service. IVG Corp. provides a value-added corporate structure intended to enable its portfolio companies to quickly leverage their expertise and deploy their business strategy by utilizing the management, financial and corporate resources of the Company. IVG Corp. currently trades on the NASD OTC Bulletin Board under the symbol IVGG.
Safe Harbor Statement: This press release includes forward-looking statements, including statements relating to SES' business strategy and expansion plans. These statements are made under the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, among others: risks relating to the ability of IVG Corp. management to successfully accomplish fund raising activities, the ability to achieve or sustain profitability; limited operating history; possible financing needs; risks associated with identifying and completing acquisitions; risks associated with the integration of acquired technologies, operations and personnel; risks of being deemed an investment company; exposure to unforeseen liabilities of acquired companies; the requirement to record additional future operating costs fo!
r the amortization of goodwill and other intangible assets, which amounts could be significant; business conditions in the e-commerce and Internet generally; the impact of market competitors and their product and service offerings; and the economic, competitive, governmental, technological and other factors identified in IVG Corp.'s filings with the Securities and Exchange Commission. These factors are described in further detail in IVG Corp.'s filings with the Securities and Exchange Commission, available online at freeedgar.com.
CORPORATE CONTACT INVESTOR & MEDIA RELATIONS
IVG Corp. Mindshare Communications
Mr. Richard Twardowski Mr. Anthony Zelen
Phone: (281)295-8400 Toll Free: (888) 301-6788
Email: richard@ivgcorp.com Fax: (604) 806-3367
Web: www.ivgcorp.com Email: ivgg@mindsharecommunications.com |
