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Aquent
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publicrelations
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AQUENT ANNOUNCES IT WILL CONTINUE TO PURSUE OPPORTUNITIES IN IT STAFFING SECTOR
Boston, MA (November 19, 2003) – Aquent LLC, a privately held global professional services firm, today announced that, after evaluating the details disclosed by Computer Horizons Corp. (NASDAQ: CHRZ) regarding its acquisition of RGII Technologies, Inc., Aquent has concluded that its proposal to acquire Computer Horizons is no longer in Aquent’s best interests. Aquent remains committed to IT staffing and is pursuing other opportunities in the industry.
John Chuang, Chairman and Chief Executive Officer of Aquent LLC, said, “We are very appreciative of the many shareholders, employees and organizations that supported Aquent’s efforts to seek a merger with Computer Horizons. We thank our fellow Computer Horizons shareholders – the true owners of this Company – who, at this year’s Annual Meeting, overwhelmingly approved our Bylaw amendment to enhance the Board’s accountability and elected two new, independent directors, Robert Trevisani and Karl Meyer, to the Computer Horizons Board. All Computer Horizons shareholders are benefiting from their independence, insight and experience.
“Despite this level of support, Computer Horizons’ incumbent directors and management took a series of actions that made Computer Horizons a fundamentally different company today than it was when we first announced our proposal in April. We have carefully evaluated the information disclosed by Computer Horizons, including details of the RGII acquisition, and now believe that the proposed transaction is no longer in the best interests of Aquent. Aquent remains committed to the IT staffing sector and is well positioned to participate in the industry’s consolidation. We have strong financial resources and are pursuing other IT staffing opportunities."
About Aquent
Aquent LLC is a privately-held premier global solutions company with 70 offices across
16 countries. Aquent consists primarily of two divisions: IT Services, providing solutions in application development, quality assurance testing, and project management; and Marketing & Creative Services, providing outsourcing, consulting and staffing for Global 1000 companies. Aquent was founded in 1986 and is headquartered in Boston, MA. Additional information about the company can be found at www.aquent.com.
Contact:
Investors
Mark Harnett
MacKenzie Partners
212-929-5877
Media
Matthew Sherman / Jamie Moser
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449 | |