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FSGI Corporation Announces Expansion and the Opening of an Audit Office in Louisiana
ATLANTA--(BUSINESS WIRE)--Sept. 8, 1998--FSGI Corporation (OTCBB:FSGI - news) announced today that Financial Standards Group (FSG) has opened its eighth office in Metairie, Louisiana.
According to Jason Lents, President/CEO, 'We have been developing a considerable audit client base in Louisiana during the past 12 months and it is now time to open an office in order to better serve those credit unions. At the present time, FSG audits approximately 30 credit unions out of approximately 300, in Louisiana. With the opening of the office, we believe FSG will increase to approximately 150 audits in Louisiana within the next 12-18 months. FSG began auditing in Mississippi in April 1997 and in slightly more than 16 months, we now audit 110 of the approximately 135 credit unions in the state of Mississippi.''
FSGI Corporation, through its wholly-owned subsidiary, Financial Standards Group, Inc. (''FSG''), is one of the largest providers of professional auditing, accounting and related services offered exclusively to credit unions in twelve states and growing. FSG performs over 450 credit union audits nationwide. Their goal is to bring superior non-certified auditing and accounting services within reach of all credit unions.
Financial Statements in the press release (if any) other than historical facts are ''forward-looking'' statements with the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
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