SCOTTSDALE, Ariz., Sept. 10, 2003 (PRIMEZONE) -- OneSource Technologies, Inc. (OTCBB:OSRC) reported that at its recently held Annual Shareholders Meeting, the shareholders elected Donald E. McIntyre, Michael L. Hirschey and Jerry M. Washburn as Directors for the coming year and also appointed as the Company's auditors for the next year the accounting firm of Epstein, Weber and Conover, LLP, which firm has been the Company's auditors for the past five years.
Also at the shareholders meeting, the Board introduced the new management team that had been installed in March of 2003 to the shareholders. This team, consisting of Michael Hirschey as CEO, Len Ksobiech, CFO and Steven McEvoy as General manager, was provided to the Company by Partners Resource Management, LLC ("Partners"), a Scottsdale-based professional services firm specializing in providing senior leadership resources to companies in transition. The Board reported that with this change in management and the Company's recent return to profitability, the Company is now focused again on significantly growing the Company's core field service operations. Hirschey and his team presented an overview of their plans and objectives for the coming year and positively responded to a number of shareholder questions about the Company and its prospects for the future.
"OneSource is fortunate to have been introduced to Partners," said Donald McIntyre, Chairman of the Company. "With Partners, the Company was able to install an experienced group of senior executives as a team who are able to hit the ground running," continued McIntyre. "Moreover, this team has substantial relative experience in the Company's core equipment service industry and in fact, has worked together as a team in the past in the technology equipment industry. Accordingly they are able to immediately introduce the Company to opportunities within their industry network of contacts," added McIntyre. "By affiliating with Partners, the Company is able to engage this highly proficient and experienced team at a cost significantly less than would otherwise be required to individually recruit and hire them at market rates," concluded McIntyre.
About OneSource
OneSource is engaged in three closely related and complementary lines of IT and business equipment support products and services: 1) equipment maintenance services, 2) equipment installation and integration services, and 3) value-added equipment supply sales. Each segment also utilizes the Internet to facilitate distribution of its service and product offerings. OneSource is a leader in the technology equipment maintenance and service industry and is the inventor of the unique OneSource Flat-Rate Blanket Maintenance System(tm). This innovative patent-pending program provides customers with a Single Source for all general office, computer and peripheral and industry-specific equipment technology maintenance and installation services.
OneSource's Cartridge Care division is a quality leader in remanufactured toner cartridge distribution in the southwest and is the supplier of choice for a number of Fortune 1000 companies in that region. OneSource has realigned this division and invested heavily in eCommerce initiatives to stage the division for substantial expansion over the next two years to enable Cartridge Care to extend its high quality reputation beyond its southwestern regional roots.
Product and Company names mentioned herein are for identification purposes and may be trademarked or registered trademarks of their respective companies. This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created by those sections.