Action Corporate Announcement

August 21, 2017
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We are pleased to announce the sale of our Action Transfer Services business unit.  This was a designed plan for the organization and positively positions Action in the following areas:

·         Improves our cash liquidity position and allows for more operations capital in the businesses,

·         It reduces our current leverage position,

·         Helps drive strategic clarity with the appropriate focus on our niche services,

·         It sets the stage for bringing on a new lending partner which will improve our banking relationship.

 

This positive move for the organization positions us well for our future.  We will continue to successfully service our customers and continue to improve in all areas of our core competencies.   

 

Phil

Philip DeSimone

CEO, Action

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