MCLEAN, Va.--(BUSINESS WIRE)--April 15, 1997--Infocall Communications Corp. NASD-BB-INFE, a provider of temporary help, permanent placement staffing and human resources outsourcing services has announced plans to enter the staff leasing industry.
According to industry sources, staff
Growth of the PEO industry is expected to be about 28% in 1997 according to SI Review, an industry source.
Infocall has identified two prospects for acquisition and expects to close at least one acquisition in the next few weeks. The company targets firms with sales in the $30 to $50 million range.
According to Tom Richfield, Infocall's CEO, "The acquisition of a PEO is a vital part of the company's vision to become a total human resource service company. Infocall's goal is to have four operating divisions servicing the Temporary Help & Permanent Placement, PEO, Technical & Professional Staffing, executive Staffing & Human Resource Outsourcing industry segments.
"The company has begun an aggressive acquisition program to reach its goal of over $50 Million in revenues by the end of 1997. We are looking for acquisitions in the industry that meet our vision and expect to retain the management of those companies whenever possible," Richfield added.
Infocall Communications Corp. headquartered in Tysons Corner, Va., is a leading provider of personnel services with revenues in excess of $3.6 million.
CONTACT: Infocall Communications Corp.
8260 Greensboro Drive, Suite 660
McLean, Va. 22102
Tom Richfield, 703/734-7700, x110
or
http://www.infocall.com