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Tempe, AZ., June 18, 2001 - Core3 today announced its launch as a back-office business service
provider for the middle market. Core3 delivers web-based accounting, human resources, and
information technology outsourcing solutions to companies seeking to focus on their own core
competencies.
Gregg Scoresby, President and Chief Executive Officer of Core3 commented, "I have been heavily involved in delivering back office redesign and outsourcing solutions over the past 10 years and have seen the demand for strategic outsourcing gain tremendous momentum over the past 12 months."
Industry analysts have estimated that the business process outsourcing market is expected to double over the next 3 years and grow to over $300 billion annually. Accounting and human resources are among the fastest growing segments and are expected to account for nearly half of the total outsourcing market by 2004.
Although Core3 is a new company, the company's leadership isn't new to outsourcing. Core3's management team and key executives are credited with creating, transitioning and operating over $250 million of middle-market outsourcing contracts over the past 5 years. Core3 generally defines the middle market as companies across industries with revenues of $50 million to $500 million in annual sales.
"We have been in the outsourcing space for many years and we understand the value drivers and optimal delivery models for back-office business services," Mr. Scoresby noted. "I am in daily contact with strategic executives who are committed to driving shareholder value through outsourcing some or all of their back-office functions. This is a great time to be an experienced player in the outsourcing business."
Mr. Scoresby was a Senior Executive in Andersen's Outsourcing Practice until 1999, when he left to co-found LeapSource, a business process outsourcing company. While at LeapSource, he served as Executive Vice President of Industry Solutions, which included responsibility for sales, marketing, alliance development and new product development. He left LeapSource earlier this year to organize and launch Core3, Inc., a Delaware corporation headquartered in Tempe, AZ.
Over the next few months, Core3 will announce several key strategic alliances, investors, and customer contracts. For more information about Core3,
please visit www.core3inc.com.
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