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Aegis Communications Group (AGIS)
Business Process Outsourcing. (Buy under $1.50)
Aegis is now owned by The Essar Group (a 4.4 Billion Dollar Company)
Link to the Essar site: essar.com
Link to Aegis/Essar page: essar.com
Link to Aegis: aegisglobalsystems.com
Link to Aegis investors site: aegiscomgroup.com
Link to AGIS stock chart: pinksheets.com
AGIS Share Structure:
What is BPO:
Update 2/26/05 Link to Commentary:
Update 1/28/05
China and the Philippines:
In addition to the BPO markets Aegis began in Latin America's (Buenos Aires). biz.yahoo.com
argentinaoutdoors.com
Aegis is now spearheading the BPO solutions markets in China and the Philippines.
Aparup Sengupta will head Aegis as the Chief Innovation Officer, bringing with him experience gained over eighteen years in the BPO industries.
Lintao Shen will be responsible for leading the Aegis China initiatives establishing Aegis’ growth. Mr. Shen has extensive industry experience in both the U.S. and China. "The China market is a burgeoning marketplace for BPO and Tele-services and Aegis is well positioned to help companies compete more effectively”.
Mike Cariaga will be responsible for leading the Aegis Philippines initiatives and leveraging his extensive relationships for Aegis' global objectives. "The Philippine opportunity is growing at a rapid rate but industry knowledge and experience are still a premium”. Aegis can deliver both to clients."
With the addition of Aegis China and the Philippines markets along with Aegis India's Bangalore facility, Latin America and U.S. operations, we can see that global expansion is and will continue to be the priority for Aegis. The additional market leadership will ensure consistent operational delivery and service for the global client base.
biz.yahoo.com
Other news:
What is driving international acquisitions by Indian IT companies?
Vertical integration, offers clients more comprehensive range of services. That is driving some of the international acquisitions Indian IT companies are making, such as here in the U.S. with UpStream, Essar Teleholdings and Aegis Communications. At the same time, they are buying outsourcing operations in lower-cost countries such as Mauritius and the Philippines.
The language issue:
In places like China, the Philippines and Mauritius, Indian companies are buying into local IT firms as a way to get around the language issue.
Why buy outsourcing from an Indian firm that will only outsource the work to the Philippines when a GE or a Siemens can go direct and cut out the middle man? This is where Aegis comes in. Aegis will own the call centers in the countries BPO operations are in with native speaking personnel and offering vertical integration for clients with more comprehensive range of services. Aegis is on track in its quest for the global client base.
The U.K.'s employer organization, the Confederation of British Industry, reckoned outsourcing provided a net gain to the U.K economy last year of $30 billion.
forbes.com
Update 1/14/05
Aegis to begin operations in Argentine, Latin America: Aegis announced today that they will begin operations in Latin Americas, Buenos Aires the most important capital of South America. This is an additional step of Aegis' expansion of a global footprint and transactional processing of inbound and outbound BPO tele-services.
Aegis also signed an agreement with Hispanic Global, to provide native Hispanic language support for Aegis' client base to address the lucrative Hispanic marketplace in the U.S. and Latin America based operations. This agreement will allow Aegis to support requests to service the booming U.S. Hispanic sector more cost effectively and more importantly; by associates who understand the unique cultural differences between Hispanics living in the U.S., Mexico and Latin America. biz.yahoo.com
For more on Buenos Aires: argentinaoutdoors.com
Update: 12/28/04
Essar, Pursuant to an Option Agreement purchased 80% of Aegis Communications debt from Deutsche Bank for a purchase price of $7,443,947.62 on December 15, 2004.
On December 16, 2004, Essar exercised its right to compel Deutsche Bank to sell 150,000,000 shares of Aegis Common Stock for $0.015 per share, for an aggregate purchase price of $2,250,000.00, reducing the number of shares of Common Stock beneficially owned by Deutsche Bank to 113,303,304. Based on the 659,577,422 shares of Common Stock outstanding, Deutsche Bank now beneficially owns approximately 17% of the outstanding Common Stock."
Update: 12/08/04
Pertti Johansson one of Aegis Communications Board of Directors is now the President of European operations for QUALCOMM Inc., and had to resigned as a director on the Registrant’s Board of Directors.
Mr. Johansson relationship with Essar/Aegis is strong and as he devotes his attention to his new role, we can be looking for new contracts with Qualcomm Inc. in the near future. Things just keep getting better for Aegis and this also reaffirms and shows us just what type of people Essar deals with. The new management teem and board of directors are some of the best in the business.
Update: 11/18/04
Aegis Communications Group new Board of Directors and the Executive Management team will operate hand-in-glove. Essar added several directors to Aegis's board that will bring the board to full membership for the first time since November 2003.
Names from:
Precision Response Corporation (PRC)
GE Capital Corporation
Advanced Telemarketing Corporation (ATC)
Motorola, Inc.
The Essar Group
Johansson Global Associates, LLC.
Deutsche Bank
Aegis's new directors include: Rajiv Agarwal, senior vice president for business development with the Essar Group; Pertti Johansson, founder and president of Johansson Global Associates L.L.C. ; John-Michael Lind, chairman of the Strategic Partners Limited group of companies; Pramod Saxena, director of business development for the Essar Group and former President Motorola, Inc., Rashesh Shah, managing director and CEO of Edelweiss Capital Limited and Kannan Ramasamy, GE Capital Corporation.
These gentlemen join Aegis's current Board of Directors and Executive Management team to bring the Aegis Board to full membership strength. This positions Aegis well to chart its course for expected profitable growth by expanding Aegis Communications Group services to a global market delivery system.
Link to Executive Management team news and Compensation:
biz.yahoo.com
Update: 11/06/04
All form 3 fillings required by the SEC are now in place for each new member of the Aegis/Essar management team. These filings make the new management line-up official and once again Essar is doing things right as they have always done. The new team sets the stage for the "tremendous potentials for growth" that you all have seen so firmly stated at the Aegis section of the Essar website. We will be looking for some more very good news soon.
essar.com
Update: 10/27/04
A nice thing happened to AGIS today, Essar "gave" them over 1.5 million dollars. Of course they had to do it right by signing a Promissory Note (with the standard jargon) but no Security Agreement. Nice way of doing it. I like that. We have a friend in Essar, they are taking care of business. biz.yahoo.com
Commentary link:
Update: 6/9/04
Take a look at Essar's new web site and take note that Essar is now a 4.4 Billion dollar company. On our last report they were only a 3.6 Billion dollar company. The second address will take you to the Aegis link of the Essar site.
essar.com
essar.com
Update: 5/3/04
As predicted Essar Group canned the CEO and moved their own people into place on the board of directors. Next step will be to open new call centers across the pond.
Raise the Buy Under to $0.75
AGIS 4/15/03
Aegis Communications Group (AGIS)
The political rant directed at the "outsourcing" of American jobs seems to be increasing in volume every day which brings us to Aegis Communications Group (AGIS). The Essar Group controls Aegis Communications Group, Inc. Essar has an asset base of 3.6 billion (yes, that is billion). essar.com
World's largest gas-based sponge iron plant.
Coal bed methane operations and with five owned exploration blocks/fields.
Setting up a 10.5 mmtpa refinery.
Is independent producer of power which, is un-heard of in the Middle Eastern states.
They drill the deepest oil wells.
They own six Suez-max tankers out of eighty in the world and they are new.
The largest exporter of steel and the first to be ISO compliant.
A safety record that is the best in the world.
They have the largest wireless operation in India with 1.4 million subscribers and cover seven Middle Eastern states.
Construction projects worth 2.8 billion on the table.
They partner with Hutchison, a major player in the East, Bocril and Aircell companies to name a few.
They also have several bell-hops, we call them banks.
Anything you want they have it.
All sums being equal they endeavor to bring value to the customers and stakeholders in core manufacturing and service businesses, through world-class operations and state-of-the-art technology. Corporate play for we are taking over. And, as far as I can see they are doing so.
So, what are they doing with Aegis? Moving in, taking over and building up is what they will do. What we are looking for is a change in the board of directors, canning the CEO and opening new call centers across the pond. This will take sometime but it will take place. Essar never gets into anything that does not grow! I predict AMEX or NYSE within two years of the CEO and board changes.
Raise the Buy Under to $0.40 for now.
Links:
essar.com
essar.com
aegiscomgroup.com
aegiscomgroup.com
yahoo.businessweek.com
news.helplinelaw.com
pinksheets.com
pinksheets.com
quotes.barchart.com
ragingbull.lycos.com
AGIS Share Structure:
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