SageGroup Strategies Forms Special Division to Help Hispanic Companies Which Are Troubled And/Or Transitional
Los Angeles, CA; New York City, NY; and Miami, FL -- September
15, 2005. SageGroup Strategies announces that it has formed
a special Division to help Hispanic companies to get out
of trouble and/or to transition into being larger, stronger,
larger-management-team-run, well-financed ongoing companies.
SGS is the USA's and world's largest Professional Troubled-Company
Specialist firm, with over 600 professionals based in over
60 offices located in the USA, Canada, Europe, and Asia.
This Division was formed mainly in recognition of the large,
dynamic, and rapidly-growing Hispanic business community
and marketplace within the USA. The USA Hispanic marketplace
consists of about 40 million people (even without including
illegal immigrants and Puerto Rico) controlling $700 billion
in purchasing power. This population grew almost 80% from
1990 to 2003, more than four times the national overall
growth rate, and this trend continues. Hispanics are the
largest ethnic minority in the USA, consisting already of
about 14% of the USA population, with much higher percentages
in California and many other states. While this marketplace
has historically grown most rapidly because of new immigration,
it is losing its immigrant character and melding more into
the mainstream culture as more and more Hispanics are born
and raised within the USA.
The Hispanic business community has also been growing rapidly
and becoming more involved in the mainstream business world
in the USA. There are over 1.6 million Hispanic companies
in the USA, an increase of over 30% just since 1997. These
companies are the largest group of minority-owned companies
within the USA. Concurrently, there has also been rapid
growth in the numbers of Hispanic professionals and professional
firms, such as attorneys, CPAs, business brokers, investment
bankers, and many others.
"SageGroup Strategies is very capable and focused
on helping Hispanic companies to get out of trouble and/or
to transition into being larger, stronger, well-financed,
management-team-run ongoing companies," stated Jesus
Arce, a SGS Hispanic Companies Division Co-Manager who concurrently
manages his own Northern California business brokerage firm
(www.AvisaBusinessBrokers.com).
"The Hispanic marketplace and business community are
becoming more and more important, as I've witnessed much
as a member of them and of related organizations such as
the US Hispanic Chamber of Commerce and the National Society
of Hispanic MBAs."
This giant USA marketplace is the largest Hispanic market
except for Spain itself, attracting major interest worldwide.
Latin American and other foreign companies and investors
are very interested in entering into the USA's Hispanic
marketplace and business community through acquisitions,
mergers, strategic alliances, stock purchases, and other
forms of business transactions and relationships. SageGroup
is very knowledgeable and capable in guiding and facilitating
these activities, including because of SageGroup's strong
experience in the USA, Latin America, Europe, Asia, and
elsewhere. Latin American companies are especially focused
on the USA Hispanic marketplace, reasons including that
2004 was Latin America's best single-year growth period
in 25 years, with USA imports from South and Central America
in 2004 being about 25% higher than the prior year. Latin
American companies have many products that they want to
bring to the US Hispanic and general marketplaces, especially
products (e.g., food and entertainment) which have a cultural
connection.
"SageGroup Strategies has long been focused on the
Hispanic business community, especially in helping troubled
Hispanic companies," reported Larry Lindsey, a SGS
Hispanic Companies Division Co-Manager with over 35 years'
experience as a troubled-company specialist, executive,
venture capitalist, financier, and entrepreneur, including
in over 300 troubled-company situations. "SGS has helped
many troubled Hispanic companies, including those in the
publication, construction, HVAC, and various other industries.
And, SGS has developed business relationships with quality
Hispanic firms and professionals. SGS has now formed its
Hispanic Companies Division as a way to increase its Hispanic
involvements and activities. And, this week was especially
chosen for this announcement, reasons including that: a)
September 15 is the first day of the USA's Hispanic Heritage
Month, plus is the anniversary of the date of independence
of the five Central American countries of Nicaragua, Honduras,
Guatemala, El Salvador, and Costa Rica; b) September 16
is Mexico's Independence Day; and c) September 18 is the
anniversary of Chile's independence."
"Catholicism and other religious faiths are very important
within the Hispanic marketplace and business community,"
added Chaplain Alvin McKinley, a SGS Hispanic Companies
Division member and a dedicated religious and spiritual
professional for over 40 years. "Accordingly, as SGS
Religious Sector Division Co-Manager, I especially look
for situations where the two SGS Divisions can work together
to enhance the combined help that they can provide to troubled
Hispanic companies directly, thus also helping others indirectly."
The SGS Hispanic Companies Division has at least one representative
in every SGS Office worldwide. For maximum confidentiality,
initial inquiries from Hispanic companies and their representatives
can be directed to Larry Lindsey, a SGS Managing Director
and a SGS Hispanic Companies Division Co-Manager, at SGS's
International Coordination Office, phone number (510) 865-2480.
SOME RELATED SAGEGROUP STRATEGIES INFORMATION:
SGS specializes in providing high-quality Professional
Troubled-Company Specialist services to troubled companies.
In doing so, the Firm works very closely with other professional
entities that provide complementary services or help,
such as angel investors, investment banking firms, banks,
other financing entities, law firms, business brokers,
CPA firms, collection agencies, and many others.
SageGroup is the largest Professional Troubled-Company
Specialist firm in the USA and the world, with over sixty
offices in the USA, Canada, Asia, and Europe, and with
several more pending offices. The Firm specializes in
helping troubled companies and other complex situations.
Its main objectives include to: a) resolve their serious
problems; b) reorganize and restructure them in an optimal
manner; c) obtain sufficient financing; and/or d) grow
and develop the ongoing companies in a positive appropriate
manner.
SageGroup offers a powerful large group of professionals
who are experts at helping companies get out of trouble
and move forward. The Firm's staff includes over 600 highly-qualified
specialists, including: financing and financial experts;
turnaround experts; troubled-company specialists; marketing
specialists; international business experts; attorneys;
strategists; CPAs; corporate development specialists;
acquisition and strategic alliance experts; corporate
executives; operations experts; global sourcing specialists;
industry specialists; technologists; and many others.
SageGroup's staff has been involved in hundreds of difficult
company situations, including: refinancings; turnarounds;
crisis management; debtor programs; spin-outs; restructurings
and reorganizations; managed wind-downs and shut-downs;
and transitions into being larger, stronger, well-financed,
and stronger-management-team-run ongoing companies.
Besides it being very knowledgeable, capable, credible,
and experienced in troubled-company situations, SageGroup
emphasizes being very discreet, working with absolute
confidentiality and behind the scenes whenever necessary.
As part of its strict confidentiality policies, the Firm
has never disclosed or publicized the names of its clients.
MEDIA CONTACT:
David Lawrence
International Coordination Office
SageGroup Strategies, Inc.
1370 Third Street, Suite 110
Alameda, CA 94501
(510) 865-2480 Phone
(510) 865-6654 Fax
SGS@SageGroupStrategies.com