Diversified Corporate Resources Announces Wells Fargo Credit Facility
December 18 2003 - 2:06PM
PR Newswire (US)
Diversified Corporate Resources Announces Wells Fargo Credit
Facility DALLAS, Dec. 18 /PRNewswire-FirstCall/ -- Diversified
Corporate Resources, Inc. announces that it has been approved for a
new Senior Credit facility and expects to close the facility with
Wells Fargo Business Credit immediately. This facility more than
doubles the Company's previous facility which was with Greenfield
Commercial Credit. J. Michael Moore, the Chairman and CEO of the
Company, commented that, "We have had a great partnership with Don
Barr and his people at Greenfield, but this new relationship with
Wells Fargo validates our turn around efforts during 2003 and
ensures us that we will have sufficient credit with which to
significantly grow our business". Diversified Corporate Resources,
Inc. is a national employment services and consulting firm,
servicing Fortune 500 and larger regional companies with permanent
recruiting and staff augmentation in the fields of Engineering,
Information Technology, Healthcare, BioPharm and Finance and
Accounting. The Company currently operates a nationwide network of
nine regional offices. Statements in this Press Release that are
not historical facts, including, but not limited to, projections or
expectations of future financial or economic performance of the
Company, and statements of our plans and objectives for future
operations are "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended and involve
a number of risks and uncertainties. No assurance can be given that
actual results or events will not differ materially from those
projected, estimated, assumed or anticipated in any such
"forward-looking" statements. Important factors (the "Cautionary
Disclosures") that could result in such differences include:
general economic conditions in our markets, including inflation,
recession, interest rates and other economic factors; the
availability of qualified personnel; our ability to successfully
integrate acquisitions or joint ventures with our operations
(including the ability to successfully integrate businesses that
may be diverse as to their type, geographic area or customer base);
the level of competition experienced by us; our ability to
implement our business strategies and to manage our growth; the
level of development revenues and expenses; the level of litigation
expenses, and other factors that affect businesses generally.
Subsequent written and oral "forward-looking" statements
attributable to us, or persons acting on our behalf, are expressly
qualified by the Cautionary Disclosures. DATASOURCE: Diversified
Corporate Resources, Inc. CONTACT: J. Michael Moore, CEO of
Diversified Corporate Resources, Inc., +1-972-458-8500 Web site:
http://www.dcri.net/
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