BAOA News...Inside
(BSNS WIRE) BAOA Call Center Prepares for Presidential Tour of Atlanta E
BAOA Call Center Prepares for Presidential Tour of Atlanta Empowerment Zone;
President Clinton Visits Atlanta as Part of Federal Empowerment Zone Program
Business Editors
ATLANTA--(BUSINESS WIRE)--May 11, 1999--Black Americans of
Achievement Inc. (NNOTC:BAOA) announces that it has prepared its
future home offices of CallAtlanta Inc., the company's wholly owned
call center subsidiary, located at 555 Whitehall Street in honor of
President Clinton as he tours Atlanta's Empowerment Zone today.
A large banner stating "Future Site of CallAtlanta Inc., A
Collaboration Between Private Industry and the Atlanta Empowerment
Zone" hangs from BAOA's freshly cleaned building. The company, which
has been approved to receive $3.5 million in financing from the
Atlanta Empowerment Zone Corporation, has $104 million in purchase
orders spanning a 36-month period for BAOA's call center businesses.
BAOA purchased and is renovating this 38,600 square foot facility
located near Atlanta University and the new Atlanta Dome. The
building, when refurbished for CallAtlanta Inc., will accommodate up
to 600 employees when fully operational.
Through the Federal Empowerment Zone and Atlanta Empowerment Zone
Programs, BAOA has been approved to receive $3.5 million in financing,
assistance with hiring and training from the Georgia Department of
Labor, and city, state and federal tax incentives. This program calls
for hiring people within the Atlanta Empowerment Zone and in BAOA's
case; the company will be building a local high technology skill base
centered on telecommunications.
CallAtlanta Inc. employees will place outbound calls for major
telecommunications companies to offer analog and digital cellular
products, and reduced long-distance telephone services. Future
outsourced teleservices programs may entail conducting opinion polls,
political campaigns and credit card products and providing customer
support services.
The Empowerment Zone Program is designed to encourage growth in
undeserved communities, such as rural areas, inner cities and Native
American reservations. The Clinton administration created the zones in
1994 to seed economic development with $250 million in federal cash
grants and tax breaks to be awarded over a 10-year period. The first
zones were awarded to Atlanta, Chicago, Baltimore, Detroit, New York
and Philadelphia. Additional zones were added last year.
Black Americans of Achievement Inc. (BAOA), an African
American-controlled business, is an affinity marketing company
uniquely located in high growth, untapped urban communities. The
Company's core business activity is to implement inbound and outbound
teleservices programs for large corporations and peripheral business
is to develop proprietary entertainment products for distribution
through its teleservice business centers.
As a minority-based business, BAOA's strategy is to capitalize on
the Federal Empowerment Zone Program, which gives the company access
to low-interest loans, job training assistance, and local, state and
federal tax credits to build multiple call centers throughout the
United States. The company's first urban teleservice business,
CallAtlanta Inc., has been approved for a $3.5 million, 10-year loan
from the Atlanta Empowerment Zone Corporation chaired by Mayor Bill
Campbell. Other Federal Empowerment Zones targeted by the company
include Harlem, Los Angeles, and Oakland.
The safe harbor statement under the Private Securities Litigation
Reform Act of 1995: statements in this news release, which are not
strictly historical, are "forward-looking" statements and involve
risks and uncertainties including, without limitations, continued
acceptance of the company's products and services, increased levels of
competition, new products and technological changes, as well as the
company's dependence upon financing, third party suppliers,
intellectual property rights, and other risks detailed from time to
time in the company's Federal filings, annual reports, offering
memorandums or prospectus.
--30--lc/sd*
CONTACT: BAOA
Virginia Rybski, 678/461-9881
KEYWORD: GEORGIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS GOVERNMENT
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*** end of story ***
Tue May 11 1:25pm
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