supportsave.com - The Investor Relations Group 212-825-3210 Investor Relations: Michael Crawford mcrawford@investorrelationsgroup.com or Emily Hanan ehanan@investorrelationsgroup.com or Media Relations: Laura Colontrelle lcolontrelle@investorrelationsgroup.com SupportSave Solutions, Inc. (OTCBB: SSVE, www.supportsave.com), a provider of Business Process Outsourcing (BPO) services in the Philippines, has hired Michael Palasick as Chief Financial Officer.
39, brings nearly twenty years of experience to SupportSave Solutions. He has served in management roles at several leading financial institutions, including Bank of America and Barnett Banks specializing in Mortgage Banking, Capital Markets and Pricing Strategies. Most recently, Mr. Palasick has served as consultant to mortgage companies seeking to optimize their pricing, liquidity and profitability during this current housing downturn. Mr. Palasick holds an MBA from the University of Tampa, and a BS in Finance from the University of South Florida.
Chris Johns, Chief Executive Officer at SupportSave, said, "Michael is a terrific addition to our team. His operating and management experience at Bank of America and his strong track record make him the perfect person to help maximize SupportSave's potential. This is a very exciting time at SupportSave. In just this last quarter, we have increased net income by 116%, increased revenue by 58%, and our customer base continues to expand. We are confident that with the addition of Michael and his wealth of experience in the capital markets, we are well positioned to effectively manage our growth and to continue to add value to our company."
"I am delighted to join the SupportSave team," commented Mr. Palasick. "The Business Process Outsourcing Industry in the Philippines has seen continuous success in this decade and the potential is still there for further growth. I am encouraged by SupportSave's business model and its outsourcing capabilities to assist both small businesses and large corporations."
Mr. Palasick replaces Marie Tagoc who recently resigned as Chief Financial Officer.
SupportSave offers offshore outsourcing services from its American-managed facilities in the Philippines. For just $897 per month each, SupportSave provides a full-time dedicated employee or team of employees with the skills required. The employee(s) will have excellent English skills with almost no accent. SupportSave can provide dedicated employee(s) in any of the following fields: customer service, technical support, administrative support, legal, accounting, engineering, virtual assistant, sales, telemarketing, programming, and more. In Business Process Outsourcing (BPO) SupportSave is the pioneer in low-cost outsourcing. For more information about SupportSave Solutions, Inc. please visit our website at www.SupportSave.com .
This press release may contain forward looking statements that involve risks and uncertainties, including statements regarding our business strategy and development plans, plans for entering into new businesses, anticipated sources and uses of funds and other statements regarding our plans, objectives, expectations and intentions that are not historical facts. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this press release. These risks and uncertainties are described in greater detail in the reports that we file with the Securities and Exchange Commission. Our actual results, performance or achievements may vary materially from those expressed or implied in any forward-looking statements. All forward-looking statements reflect our beliefs and expectations as of the date of this press release and should not be relied upon as representing our views as of any subsequent date. While we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise.
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