Volt Information Sciences, Inc. Announces Further Strategic Divestitures of Non-Core Businesses to Allow Substantially Greate...
06 Agosto 2015 - 10:45PM
Business Wire
Completes Sale of Uruguayan Publishing and
Printing Businesses
Volt Information Sciences, Inc. (NYSEMKT:VISI) (the “Company”)
today announced that it has completed the sale of Volt Directories
S.A. Ltd. and Tainol S.A., its Uruguayan publishing and printing
subsidiaries, to affiliates of FCR Media Group, a leading local
search provider in 11 European countries that provides expertise in
online and off-line advertising. The divestitures are part of the
Company’s previously announced strategy to improve its financial
performance through divestitures of its non-core businesses. Terms
of the transaction were not disclosed.
“Similar to the sales of our computer systems and vendor
management software businesses, these divestitures enable us to
better focus our attention and resources on opportunities within
our world-class core staffing business where we believe we are
better positioned to add value,” said Michael Dean, Chairman and
Interim CEO of the Company.
About Volt Information Sciences, Inc.
Volt Information Sciences, Inc. is an international provider of
staffing services (traditional time- and materials-based as well as
project-based), information technology infrastructure services, and
telecommunication infrastructure and security services. Our
staffing services consist of workforce solutions that include
providing contingent workers, personnel recruitment services, and
managed staffing services programs supporting primarily
professional administration, technical, information technology and
engineering positions. Our project-based staffing assists with
individual customer assignments as well as customer care call
centers and gaming industry quality assurance testing services, and
our managed service programs consist of managing the procurement
and on-boarding of contingent workers from multiple providers. Our
information technology infrastructure services provide server,
storage, network and desktop IT hardware maintenance, data center
and network monitoring and operations. For more information, visit
www.volt.com.
Forward-Looking Statements
This press release contains forward-looking statements. Words
such as "may," "will," "should," "likely," "could," "seek,"
"believe," "expect," "plan," "anticipate," "estimate,"
"optimistic," "confident," "project," "intend," "strategy,"
"designed to," and similar expressions are intended to identify
forward-looking statements about the Company's results of
operations, future plans, objectives, performance, intentions and
expectations. Forward-looking statements are subject to a number of
known and unknown risks, including, among others, the timing of
filing the Company's financial statements with the Securities and
Exchange Commission, general economic, competitive and other
business conditions, the degree and timing of customer utilization
and rate of renewals of contracts with the Company, and the degree
of success of business improvement initiatives, that could cause
actual results, performance and achievements to differ materially
from those described or implied in the forward-looking statements.
Information concerning these and other factors that could cause
actual results to differ materially from those in the
forward-looking statements are contained in Company reports filed
with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20150806006611/en/
Volt Information Sciences, Inc.Paul Tomkins,
212-704-7920voltinvest@volt.com
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