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IVGG has recently announced the signing of a definitive merger agreement with SES-Corp Inc. SES is the largest privately held, full service Professional Employer Organization (PEO) in the U.S.A. SES was recently named to a Forbes listing of America’s Top 500 private companies.
From the press release dated January 3 2001.
iVGCorp and SES have developed an aggressive consolidation plan to acquire strategic regional PEOs. In addition to acquiring approximately $900 million in revenues for 2001, we believe our business model will enable us to improve the operating margins and earnings of our PEOs by increasing products and human resource services to our clients and employees.
IVGG stock is presently trading under two dollars per share.
As always Due Diligence is important so be sure to do your own.
SES Web Site:
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