NCO Group Completes Acquisition of RMH Teleservices
03 April 2004 - 2:34AM
PR Newswire (US)
NCO Group Completes Acquisition of RMH Teleservices HORSHAM, Pa.,
April 2 /PRNewswire-FirstCall/ -- NCO Group, Inc. ("NCO") , a
leading provider of accounts receivable management and collection
services, reported today that it has completed the acquisition of
RMH Teleservices, Inc. ("RMH") . RMH is a provider of customer
relationship management services. RMH shareholders will receive
0.215 shares of NCO common stock for each share of RMH common
stock. Based on the April 1, 2004 closing price of NCO common
stock, RMH shareholders will receive $5.06 worth of NCO common
stock for each share of RMH common stock. The transaction is
expected to be tax free to the RMH shareholders. NCO issued
approximately 3.4 million shares ofNCO common stock to RMH's
shareholders, which represents approximately 11.0% of NCO's
outstanding common stock. The transaction is expected to be neutral
to slightly accretive to NCO's earnings in 2004 and slightly
accretive in 2005 and beyond. Forfurther information contact:
Michael J. Barrist, Chairman and CEO Steven L. Winokur, EVP,
Finance and CFO Paul E. Weitzel, Jr., EVP, Corporate Development
and International Operations (215) 441-3000
http://www.ncogroup.com/ Certain statements in this press release,
including, without limitation, statements as to the impact of the
acquisition, statements as to NCO's, or its management's beliefs,
expectations or opinions, and all other statements in this press
release, other than historical facts, are forward-looking
statements, as such term is defined in the Securities Exchange Act
of 1934, which are intended to be covered by the safe harbors
created thereby. Forward-looking statements are subject to risks
and uncertainties, are subject to change at any time and may be
affected by various factors that may cause actual results to differ
materially from the expected or planned results. In addition to the
factors discussed above, certain other factors, including without
limitation, risks relating to acquisitions including possible
unknown liabilities and integration, the risk that NCO will not be
able to implement its business strategy as and when planned, risks
related to the final outcome of the environmental liability, risks
related to past and possible future terrorist attacks, risks
related to the economy, the risk that NCO will not be able to
improve margins, risks relating to growth and future acquisitions,
risks related to fluctuations in quarterly operating results, risks
related to the timing of contracts, risks related to international
operations, and other risks detailed from time to time in NCO's
filings with the Securities and Exchange Commission, including the
Annual Report on Form 10-K, can cause actual resultsand
developments to be materially different from those expressed or
implied by such forward-looking statements. NCO disclaims any
intent or obligation to publicly update or revise any
forward-looking statements, regardless of whether new information
becomes available, future developments occur or otherwise.
DATASOURCE: NCO Group, Inc. CONTACT: Michael J. Barrist, Chairman
and CEO, or Steven L. Winokur, EVP, Finance and CFO, or Paul E.
Weitzel, Jr., EVP, Corporate Development and International
Operations, of NCO Group, +1-215-441-3000 Web site:
http://www.ncogroup.com/
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