Thomas Group Engages Investment Banker to Assist in Strategies
14 December 1998
Thomas Group Engages Investment Banker to Assist in Growth Strategies
IRVING, Texas--Dec. 14, 1998--Thomas Group, Inc. , a leading provider of speed-based business improvement strategies, today announced the engagement of Hanifen, Imhoff Inc., an institutional investment banking firm headquartered in Denver, Colorado, to advise the company on its growth strategy and to assist in identifying and evaluating potential strategic opportunities.Since 1996, Thomas Group has been organized into focused industry or geographic business units. Thomas Group's focused strategy has proven to be quite successful with rapid revenue growth in the Automotive and Aviation units. The company formed the Service unit in 1997 which focuses on the utility, financial and health care industries and it attained its first contract in the fourth quarter of 1998. The company recently formed the Telecommunication unit to leverage the telecommunication industry concentration in Dallas, and the Business Solutions unit to provide up-front process work for enterprise software solutions providers. In addition, Thomas Group has developed its European and Asia/Pacific units to target opportunities in selected foreign markets.
Thomas Group CEO Tom Williams commented, "It is our strategy to continue to establish business units which address industries or geographic regions providing significant growth opportunities. We have therefore engaged Hanifen, Imhoff to study the potential addition of new industry or geographic specific units through acquisition as a supplement to internal growth."
Thomas Group, Inc. is a international, publicly-traded company providing solutions to significantly improve many business processes for major corporate clients. Thomas Group's Resultants work on-site with client companies to analyze operations, and to develop and implement speed-based improvement strategies. Thomas Group has offices in Dallas, Detroit, Frankfurt and Singapore. For additional information on Thomas Group, Inc. please visit the company on the World Wide Web at www.thomasgroup.com.
"Safe Harbor" Statement Under The Private Securities Litigation Reform Act: Statements in this release that are not strictly historical are "forward looking" statements which should be considered as subject to the many uncertainties that exist in the company's operations and business environment. These uncertainties, which include economic and business conditions that may impact clients and the company's performance-oriented fees, timing of contracts and revenue recognition, competitive and cost factors, and the like, are set forth in the Thomas Group, Inc. Form 10-K for the 1997 fiscal year filed with the Securities and Exchange Commission.