Business News • MarketWire • INCC Rescinds Acquisition of Millennium Teleservices Operations |
INCC Rescinds Acquisition of Millennium Teleservices Operations |
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INCC Rescinds Acquisition of Millennium Teleservices Operations
SARASOTA, FL--(Marketwire - January 21, 2010) - International Consolidated Companies, Inc.
(OTCBB: INCC) today announced that the company has rescinded its previously
announced acquisition of the operations of Millennium Teleservices, LLC due
to unforeseen liabilities tied to Millennium's operations.
"While acquiring Millennium's operations appeared to make sense in that it
added immediate top line revenue, additional liabilities that came to light
only after we became involved with Millennium's operations would have made
it difficult, if not impossible, to operate the new facilities at a
profit," stated Daniel Swinehart, recently appointed INCC Vice President of
Acquisitions & Integration.
View More : http://www.marketwire.com/mw/release.do?id=1105711&sourceType=3
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