Operation Enterprise Publication Highlights Program Savings

    CHARLESTOWN, Ind.--Sept. 6, 2001--Operation Enterprise, the national marketing initiative for the United States Army Armament Retooling and Manufacturing Support Program (ARMS), issued its Summer 2001 quarterly newsletter. The newsletter outlines the savings and economic impact of this public/private partnership initiative. The ARMS initiative allows private companies to occupy space at selected Army facilities in exchange for rents or for other consideration in services. These unique partnerships have resulted in a total of 3,399 jobs and the accumulative economic impact of $461 million during the year 2000.
    Operation Enterprise is a cooperative marketing effort of ten industrial locations that offer cost effective manufacturing and office space. The Operation Enterprise effort is managed by the Pendulum Management Company LLC (PMC), an asset management company that is dedicated to maximizing the value of government assets and technology. PMC is headquartered in Charlestown, Indiana.
    Mr. Sid Saunders of the Pendulum Management Company said, "The newsletter highlights the success of the ARMS Program since 1992 and shows how the Army can reduce their costs by partnering with the private sector. This program offers U.S. Army facilities for use by private and corporate interests for commercial endeavors, including new start-up businesses."
    The newsletter and other information on the ARMS Program can be found on the Operation Enterprise website at www.openterprise.com, or by calling 800/797-7483.