Franchise News Release: Orlando, FL - (Jul-8-2002)


Options Talent Reports a 488% Srge in Revenue and Dramatically Increased Profitability


Options Talent Group, a leading service provider to the Entertainment and Advertising industries, recently announced record revenues and profits for the third quarter of fiscal 2002.

Options Talent reported revenues increased 488 percent to $7.18 million versus $1.47 million in the third quarter of fiscal 2001. Income from operations totaled $385,000 compared to a loss in the prior third quarter period. Net Income equaled $619,000, including a one-time gain of $234,000 from the disposal of a subsidiary, compared to a loss in the year-ago period.

Mark Tolner, President, said, "Our third quarter results show that we continue to make progress in becoming a leading provider of services to the Entertainment and Advertising industries. We are enjoying accelerated levels of revenue and income growth as we continue to see increasing service usage rates and customer acceptance. We are well positioned to continue to grow our vertical applications of technology, database resources and revenue sources. Increased revenues also validates that a growing number of Entertainment and Advertising companies such as Fox Entertainment Group (NYSE:FOX) and Interpublic Group of Companies (NYSE:IPG) are enjoying the benefits and efficiencies by using the resources and technology we provide."

We are well positioned to become a leading provider of human resources in a number of specialized market segments by offering customized resource database management systems as opposed to the wider focus of such companies as TMP Worldwide Inc., (NASDAQ:TMPW).

As one of the world's largest specialty human resource database management firms in its business, Options Talent, Inc., a wholly owned subsidiary of Options Talent Group (OTCBB:OPTG) has, in less than two years, revolutionized the way entertainment and advertising industries access and manage their human resource requirements.

With over 40,000 human resource data points currently available, Options Talent is the most cost effective avenue for their clients to be assessed and cost effectively screened by the advertising agencies and entertainment companies.

By combining Internet technology, a powerful search engine, and the unmatched power of an advanced database management system, Options Talent is revolutionizing how human resources are identified, marketed and utilized in its market segments. Users can access the system to find thousands of resources or that one, specific data point...anytime...anywhere in the world...without ever leaving their offices.

Options Talent continues to dominate the U.S. market in its industry segments with 57 nationwide offices comprised of 15 corporate owned locations and 42 Franchise locations.

Looking beyond the United States, international Franchises are now being offered and developed. In Spring 2002, Options Talent, in conjunction with its Master Developer Licensee for Asia, launched the Sydney, Australia and Singapore offices.

Through our worldwide expansion effort, we expect to have a presence in 22 countries by the end of 2003. At every step, we have recognized the challenge and enormous advantage of hyper expansion to establish ourselves as the premier database resource provider.




 

Top Business & Franchise Opportunites:
Elements Therapeutic Massage – Massage Franchise Mad Science Franchise - Childrens Education Franchise
Hot Dog Franchise - Johnnies Dog House Stratus Building Solutions Franchise - Commercial Cleaning Business

Franchise Information
Top Business & Franchise Opportunites:
Elements Therapeutic Massage – Massage Franchise Mad Science Franchise - Childrens Education Franchise
Hot Dog Franchise - Johnnies Dog House Stratus Building Solutions Franchise - Commercial Cleaning Business

Related Franchise News:
Options Talent Reports a 488% Srge in Revenue and Dramatically Increased Profitability
- Jul 08,2002







Home - About Us - Contact Us - Site Map - Advertising Info - Copyright - Privacy Policy
 

Bison.com - Offering the best franchise opportunities and businesses for sale since 1995.


Search Franchises By:
Franchise Directory | Franchise List | Top Franchises | Franchise Consultation | Home
Franchise Search:
Franchise Information| Blog
Show Request List
0 companies selected
  • Selection 1 EMPTY
  • Selection 2 EMPTY
  • Selection 3 EMPTY
  • Selection 4 EMPTY
Request InformationReview Selected Opportunities


  • Franchise/Market Research
  • Direct Information/Sources
  • Quick Brand Rep Access
  • Qualification Data
  • Updated Application
  • Financial/Legal Details