SOURCE: SupportSave Solutions, Inc.

SupportSave Solutions, Inc.

March 11, 2010 08:00 ET

SupportSave Solutions Announces Achievement of Multiple Milestones

Lease Signed on New 25,000 Sq Ft Facility, D&B Increases Credit Score to Highest Level, and Unsecured Credit Line Upped to $200,000

LOS ANGELES, CA--(Marketwire - March 11, 2010) -  SupportSave Solutions Inc. ("SupportSave"; http://www.supportsave.com) (OTCBB: SSVE), a leading provider of Business Processing Outsourcing ("BPO") services, today announced the achievement of a number of major business objectives: the signing of a lease on a new Class A 25,000 square foot facility in Cebu, Philippines, to accommodate accelerated growth; the receipt of an upgraded credit score of 3A1, the highest possible score for a company of SupportSave's size, from Dun & Bradstreet, the world's most trusted source of commercial insight; and an increase in the company's unsecured line of credit by RBS-Citizens, to $200,000.

"SupportSave is firing on all cylinders," said Christopher Johns, SupportSave Solutions' Chairman and CEO. "From attaining a 3A1 credit score available from a world-renowned authority such as D&B, to confidence the bank has shown by increasing our credit line, to signing a lease on a massive, modern new facility, we are proving our ability to scale up quickly to accommodate a surge in new business."

"A facility upgrade was necessary for us to ride the wave of new business that we have secured, and to equip us to handle a continuing surge in new clients and additional business from current clients," added Joseph Duryea, the newly retained President of SupportSave. "The facility will help us accommodate our clients who are ramping up their use of our services; as well as to accommodate other new clients who are coming on-board in our growing pipeline. The D&B high credit score and the increased line of credit, along with the new facility, should all work together synergistically to allow us to continue to grow and expand." 

Mr. Duryea added, "The growth possibilities on the horizon are truly phenomenal. Having helped build a number of successful BPO firms throughout my 20 year career in the sector, including one which was acquired for $250 million, I can say without hesitation that I have never been as excited as I am being at SupportSave at this moment."

About SupportSave Solutions Inc.

SupportSave Solutions, Inc. is a provider of Outsourced customer service, technical support, back-office support, and virtual assistants from its American-Managed Delivery centers in Cebu, Philippines. SupportSave is headquartered in Los Angeles, CA. Visit http://www.SupportSave.com/ for more information.

Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions.

Contact Information

  • Contact:
    SupportSave Solutions, Inc.
    Craig Jackson
    248-230-4101
    Email Contact