The Resource Group International Limited (TRG), a global business process outsourcing (BPO) company providing equity capital, outsource services, and technology solutions worldwide, today announced that it has divested substantially all the assets of its subsidiary Central Voice, LLC (Central Voice), a provider of telephone answering services headquartered in New Jersey.
Central Voice was built by TRG through a series of acquisitions. It generated approximately US $6 million in annual revenues at the time of sale, serving a variety of small to medium sized customers. The divestiture of Central Voice is consistent with TRG's focus on servicing enterprise and fortune 1000 customers globally.
To support its strategy of continued growth, TRG intends to deploy the proceeds from this sale towards business development and acquisition opportunities. This asset sale is expected to generate a pre-tax gain of approximately $1.75 million (Rs 105,70 million approximately) for Central Voice during the quarter ending December 31, 2007.
The assets of Central Voice were purchased by Endicott Comm Inc, a newly formed entity led by Randy Harmat who is a successful entrepreneur in the telephone answering services industry. TRG will continue to provide call center services to Endicott from its locations in Pakistan.-PR
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