And there is even more news:
ARLINGTON, Va., March 12 /PRNewswire/ -- On-Site Sourcing, Inc. (Nasdaq: ONSS - news) today announced that Denis A. Seynhaeve, a former member of
the Company's Board of Directors, has filed a Schedule 13D with the Securities and Exchange Commission indicating that he has increased his direct and indirect
holdings to 537,800 shares, or approximately 11.15% of the Company's total number of shares of common stock outstanding.
Mr. Seynhaeve indicates in the SEC filing that he will ask On-Site to reappoint him or one of his representatives to the Board of Directors.
Christopher J. Weiler, President of On-Site, commented, ''We are delighted that Mr. Seynhaeve, a real friend of the Company, has demonstrated his confidence in
On-Site by enlarging his stock position. We will be most pleased to accommodate his desire to become more directly involved in the Company's leadership once
more.''
On-Site Sourcing provides facilities management, information technology, digital imaging, document management and litigation reprographics services throughout the
East Coast. On-Site's clients include law firms, corporations, non-profit organizations, accounting firms, financial institutions and other organizations. On-Site
currently operates in the New York City, Washington, D.C., Atlanta, Philadelphia and Baltimore markets.
This press release includes ''forward-looking statements,'' within the meaning of the federal securities laws, that involve uncertainties and risks. These include
statements regarding events or developments that the Company expects or anticipates will occur in the future, such as statements about the Company's strategies to
improve operating performance. A number of risks and uncertainties could cause actual results, events and developments to differ from expectations, including (1)
the effectiveness of programs to increase revenues and cash flow and to reduce costs, and (2) the actions of competitors. Please refer to the Company's 1998
Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission for a complete discussion of these and other important factors that
could cause results to differ materially from those projected by these forward-looking statements.
For further information, contact Al Duncan, Chief Financial Officer, at 703-276-1123 or by email at aduncan@onss.com; or Larry Howell, The Howell Group, at
214-340-4909 or by email at howgroup@iglobal.net.
SOURCE: On-Site Sourcing, Inc. |
