CORAL SPRINGS, Florida, June 24, 2015 /PRNewswire/ --
Companies are expecting market conditions to improve further over the next year as the rate of expansion and substantial increase in new orders become key sources of new business abroad. Business Services Companies with new developments in focus today are: CD International Enterprises, Inc. ("CD International") (OTC: CDII), Euronet Worldwide, Inc. (NASDAQ: EEFT), The Hackett Group, Inc. (NASDAQ: HCKT), KBR, Inc (NYSE: KBR), Convergys Corporation (NYSE: CVG) & Fiserv, Inc. (NASDAQ: FISV)
CD International Enterprises, Inc. (OTC: CDII), a U.S.-based company that sources and distributes industrial commodities in China and the Americas and provides business and management corporate consulting services, today announced it has retained a Hong Kong-based investment banking firm as its international finance advisor in assisting company's growth strategy in the areas of merger & acquisition, capital raise, and up listing. This investment banking firm is a small agile group of seasoned professionals primarily experienced in securities collateralized lending, and international banking and finance while it is global in scope and reach with extraordinary access in Hong Kong and other Asian markets. The firm also provides consulting services for public entities regarding merger & acquisition, up listing and capital raising strategies, with an emphasis on synergistic partnerships with companies located in Hong Kong and the U.S.
Read the full CDII Press Release at http://www.financialnewsmedia.com/profiles/cdii.html
Dr. James Wang, Chairman and CEO of CD International commented on the engagement, "With the completion and filings of our full year fiscal 2014 audited financials and some quarter reports to regain compliance with our regulatory reporting requirements, the company is well positioned with its new growth strategy with our core competencies. We have identified several acquisition candidates to accelerate revenue growth and build a solid base for the future. With engagement with this investment banking firm, we believe we will be able to accelerate our growth for years to come."
In other Business Services snippets and recent developments: Ria Money Transfer ("Ria"), the third-largest global money transfer company and a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), announced this week it has acquired IME (M) Sdn Bhd ("IME"), a leading Malaysian-based money transfer provider, and certain affiliated companies. The purchase will be funded primarily by cash, with a small amount of Euronet stock.
The Hackett Group, Inc. (NASDAQ: HCKT) announced this week plans to team up with Oracle to offer its new cloud-based Hackett Performance Exchange ("HPE") leveraging Oracle's Business Intelligence Cloud Service ("BICS") Platform. The pairing creates a comprehensive performance analytics offering in the cloud, combining a business intelligence platform and comparative performance metrics with peer group and world class data.
KBR, Inc (NYSE: KBR) announced it has agreed to sell its Building Group subsidiary to Pernix Building Group, LLC, a subsidiary of Pernix Group, Inc. The sale of the Building Group is consistent with the company's restructuring plans which were announced at KBR's Investor Day in New York last December.
Convergys Funding Inc. (as Buyer) subsidiary of Convergys Corporation (NYSE: CVG) entered into a Receivables Sale Agreement, dated as of June 9, 2015 and effective as of May 31, 2015, with each of the following subsidiaries (as Originator) of Convergys Corporation: (i) Stream International Inc., (ii) Stream Global Services AZ, Inc. and (iii) Encore Receivable Management, Inc. (collectively, the "New Receivables Sale Agreements"). The provisions of each New Receivables Sale Agreement are substantially similar to that certain Receivables Sale Agreement, dated as of June 30, 2009, between Convergys Customer Management Group Inc. and Convergys Funding Inc. See the filing at http://biz.yahoo.com/e/150612/cvg8-k.html
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced yesterday that PBC Credit Union, based in West Palm Beach, Florida, has expanded its long-term relationship with Fiserv, upgrading its DataSafe® account processing platform and adding integrated digital solutions to enhance member services. The credit union added Mobiliti™ for mobile banking, Loancierge® for Credit Unions for automated lending, Wisdom™: Accounting for comprehensive accounting and Wisdom: 5300 Call Report Assistant for call report functionality.
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