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09/01/03 SageGroup Strategies Announces Another Major Chinese Agreement to
Further Help American and Chinese Companies
Shanghai, China; New York, NY; and Alameda, CA, USA - September
1, 2003 - SageGroup Strategies announces that it has signed a major
agreement with another established Chinese entity to further help
American and Chinese untroubled and troubled companies. The
August 1, 2003 Overall Agreement was signed concurrently in Shanghai
and the USA by SageGroup and the multinational Shanghai Guangji
Business Consulting Company, Ltd., a well-established multinational
management consulting and business services firm. This follows the
January 31, 2003 signing in Beijing and the USA of a similar agreement
between SageGroup and the Beijing International Business Consultant
& Service Center (known as "BIBCS"), a Chinese government agency
well-connected throughout China.
Shanghai Guangji provides a wide variety of services to American
and other foreign companies, acting as a one-stop service center for its
clients' business operations in China. Its services include: 1) Providing
management consultancy and business advice on tax, marketing,
import/export, strategy, and related areas; 2) Helping foreign companies
to set up their offices in China; 3) Assisting in market research and
product/business development; 4) Arranging site visits to factories,
exhibitions, economic development zones, and other places of business
interest; and 5) Meeting its clients' other needs in addressing the unique
China environment and its business, governmental, legal, cultural,
and other aspects.
Shanghai Guangji and BIBCS thus offer very complementary services
to American and other foreign companies, including clients of SageGroup
and its non-China strategic alliance partners.
(Under the Chinese governmental structure, BIBCS is an important part
of a huge system that reaches into every part of China and is very
important and influential throughout the Country. BIBCS itself is directly
part of the Beijing Science & Technology Committee, which in turn is
directly part of the Science & Technology Committee of China. The
Chinese Ministry of Science & Technology is very, very important in China.)
The Shanghai Guangji/SGS Overall Agreement is purposefully very broad in
scope, allowing not only for referring and working jointly on client
situations but also that Shanghai Guanghai and SGS will seek to identify, structure,
and implement various mutually-beneficial ways to work together. Discussions
have already begun to identify and implement many such ways to work
together. These are to include with both untroubled and troubled
companies, even though SGS is best recognized in the USA as the
largest Professional Troubled-Company Specialist firm in the USA and
the world, with over fifty Offices.
In addition, it is expected that Shanghai Guangji and SGS (coordinated
through SGS's internationally-focused China Division) will work closely with China-based and USA-based troubled companies, helping them to get out of
trouble and growing and developing well, including within both countries
where appropriate.
Shanghai Guangji is headquartered at 33 Leshan Road, Block 4 Level 4,
Shanghai Withub High Tech Incubator, Shanghai 200030, China, and its
website is http://www.guangji.com.cn. (And, BIBCS is headquartered at
No.16 Xizhimen Nan Dajie, Beijing 100035, China, and its website
is http://bibcs.bestinfo.net.cn.)
SGS's China Division will work with Shanghai Guangji in many ways, including
simple introductions where appropriate. The SGS focus is on complex
situations, including troubled companies, American companies trying to do
business in China, and Chinese companies trying to do business in the USA.
SageGroup provides troubled China-related companies with its
powerful large group of professionals, who are experts at helping troubled
companies get out of trouble and move forward. SageGroup's staff includes
over 600 highly-qualified specialists, such as: China specialists;
international business experts; global sourcing specialists; financing and financial
experts; troubled-company experts; turnaround experts; marketing specialists; CPAs;
attorneys; strategists; joint ventures, mergers, and acquisitions experts;
technologists; corporate executives; industry specialists; and others.
SageGroup's staff has been involved in hundreds of difficult company
situations, including: Chinese business situations, global sourcing
projects, international expansions, refinancings, turnarounds, crisis management,
debtor programs, spin-outs, restructurings and reorganizations, and
managed wind-downs and shut-downs
Most troubled companies are in very sensitive, complex, and confidential
situations. Accordingly, for maximum confidentiality and effectiveness,
all initial inquiries from troubled China-related companies are directed to
Larry Lindsey, a SGS Managing Director and a SGS China Division
Co-Manager, at SGS's National Coordination Office, phone number
(510) 865-2480. Thomas Murray, another China Division Co-Manager,
and other China-experienced Division members may also get involved
after client approval.
ABOUT SAGEGROUP STRATEGIES
SageGroup Strategies is the largest Professional Troubled-Company
Specialist firm in the United States and the world. Besides being very
experienced and knowledgeable, SageGroup emphasizes being very discreet,
working with absolute confidentiality and behind the scenes whenever
necessary. As part of its strict confidentiality policies, SageGroup has
never disclosed or publicized the names of its clients. More information
about SageGroup Strategies is available at:
http://www.SageGroupStrategies.com.
MEDIA CONTACT:
David Lawrence
National Coordination Office
SageGroup Strategies, Inc.
1370 Third Street, Suite 110
Alameda, CA 94501
(510) 865-2480 Phone
(510) 865-6654 Fax
SGS@SageGroupStrategies.com
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