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Thursday, April 19, 2007 7:53:16 AM
Tim Tinker, Team Services, LLC, Managing Member commented, ``We are pleased to have found partners who have the same commitment to servicing our customers that we have had over the years. We look forward to moving ahead with strategic initiatives to grow and expand our business to new levels.''
Team's overall revenue has shown considerable growth since 2002, increasing from $4 million to $13.6 million (Unaudited) for the year ended December 31, 2006 with an adjusted EBITDA of $2.7 million. Well Renewal, Inc. will have 60 days to complete its due diligence and enter into a definitive Purchase Agreement.
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Team grew itself from $4Mil to $13.6Mil in five years. They obviously want more and they see WRNW as a better way to go than going it alone. For my money, when a private company that has experienced that kind of growth all on it's own decides it cane do even more with WRNW on board, well you just won't find a better endorsement for WRNW. No doubt Team has been given all the information about WRNW it needed and liked what it saw.
THINK ABOUT IT.
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