Encompass Holdings' Quadrant Data Systems Plans Relocation to Improve Profitability
17 2월 2010 - 7:57PM
Encompass Holdings, Inc. (Pink Sheets:ECMH),
www.encompassholdings.com, announced today that its wholly-owned
subsidiary,
Quadrant Data Systems Inc. (Quadrant)
www.qds-i.com plans to relocate its headquarters and data
center to a newly acquired facility designed to support the
company's expansion into
Virtual Services and
vending of
Cloud Computing Resources.
The new facility supports Quadrant's business
continuity and SAS70 requirements and will be
equipped with both fiber and wireless internet data feeds as well
as a fully redundant power system. Targeted to be completed by
late March, the relocation will result in a significant reduction
of fixed overhead costs.
"The opportunity presented by the market for Virtual
Services provides a much greater revenue potential than
the collocation model. The move positions us to compete
aggressively in an expanding business arena where profit margins
are broader. This will significantly improve our bottom
line. We look forward to launching an expansive marketing
campaign focused on Virtual Services in the 2nd
quarter of this year. All of this forms the cornerstone of
our growth strategy moving forward," said Joseph P.
Berardi, Quadrant's CEO.
Virtual Services are rapidly replacing
traditional hardware-based platforms due to the significantly
improved efficiencies made possible by virtual computing.
Scott Webber, CEO of Encompass Holdings, added:
"This new facility models our design for modular data centers that
take advantage of dense computing efficiencies and allow for
diverse geographic distribution of resources. This move will
realign our operating expenses and reduce our fixed overhead by
approximately one third (1/3). With the combination of higher
profit margins for Virtual Services and lower
fixed overhead costs, we expect this move to provide the best
profit potential for our shareholders."
The Encompass Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6962
Forward-looking statements in this news release are made under
the ``Safe Harbor'' provisions of the Private Securities Litigation
Reform Act of 1995. Certain important factors could cause results
to differ materially from those anticipated by the forward-looking
statements, including the impact of changed economic or business
conditions, competition, the success of existing and new product
releases and other risk factors inherent in product development and
other factors discussed from time to time in reports filed by the
company with the Securities and Exchange Commission.
CONTACT: Encompass Holdings, Inc.
J. Scott Webber
InvestorRelations@EncompassHoldings.com
Quadrant Data Systems Inc.
Joseph Berardi
Management@qds-i.com
Encompass (CE) (USOTC:ECMH)
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