Slate Consulting receives equity investment from IA Global Inc. valued at $1,440,000 US
Slate Consulting K.K. (“Slate Consulting Group”), a Tokyo-based executive recruitment firm, announced today that it received an equity investment from IA Global, Inc. (AMEX: IAO) in a transaction valued at $1,440,000 or 3,600,000 shares of common stock.
Slate Consulting has offices in Tokyo, and Hong Kong, and operates call centers in Manila, and Romania. Slate has developed a proven model of leveraging low cost off-shore resources in high value markets. Slate has an established customer base of more than 150 multinational clients in Tokyo, Singapore, Hong Kong, and Shanghai, and has achieved growth rates in revenues of over 70% annually since establishing operations in Tokyo in 2003.
Slate expects to leverage its relationship with IA Global to accelerate its plans to grow its presence in additional Asia locations and expand rapidly its operations in the European Union. Revenues for fiscal years 2007/8 and 2008/9 are expected to be in the $3 to $4 million range and $5 to $7 million range, respectively.
The company’s CEO, Ray Valdemar Pedersen, said, “IA’s investment into Slate is an outside vote of confidence in our people, our systems and our vision. We look forward to leveraging our relationship with IA Global in order to realize our objective of becoming a major player in the global human resources industry. We intend to capitalize on these new synergies in order to expand our presence to new locations in Asia and the European Union.”
About IA Global, Inc.
IAO, based in San Francisco, is a strategic holding Company which focuses on growth through mergers and acquisitions in the Pacific Rim region. In Japan, IAO is 100% owner of Global Hotline, Inc., an operator of major call centers for telemarketing of telecommunications and insurance products. Revenues in 2007-08 are expected to more than double year-on-year from $47 to $55 million. IAO has also recently acquired a 25% stake in GPlus Media Co Ltd. Gplus is a Japan-based corporation with offices in Tokyo, Japan, Hong Kong and Shanghai, China. The company publishes several of Japan’s best known English-Japanese websites, including GaijinPot.com, and Ecentral.com the official jobsite of the American Chamber of Commerce in Japan.
In Australia, the Company has a 36% stake in Australian Secured Financial Limited and its affiliates, Australian Secured Investments Ltd, ADJ Services Pty Ltd. and Auslink Ltd (collectively, “ASFL”).
The company’s COO/CFO, Mark Scott, said, “We are pleased to announce our second investment into the HR and Recruiting market sectors. We are expecting to leverage on the synergies and complementary nature of our previously announced investment in GPlus Media Co Ltd, who work in the online side of the HR/Recruiting sector. The expansion of most Asian economies is driving tremendous demand for recruiting and related services and we are now well positioned to capitalize on this demand.”
CEO, Derek Schneideman said, “The addition of Slate’s offshore call centers, regional profit centers and aggressive expansion plans for both Asia and the European Union are the next step in delivering on our promise to create a broad base of synergistic investments. Additionally, our 100% owned subsidiary Global Hotline is constantly expanding and the need for new staff and the services provided by GPlus and Slate present opportunities for expense efficiency gains.”
- Contact Information
- Ray Pedersen
- Slate Consulting
- Contact via E-mail
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