| Business Summary | | The
Profit
Recovery
Group
International,
Inc.
is
a
provider
of
recovery
audit,
expense
containment
and
knowledge
application
services
to
large
and
mid-size
businesses
having
numerous
payment
transactions
with
many
vendors.
The
Company's
industry
specialists
use
sophisticated
proprietary
technology
and
advanced
recovery
techniques
and
methodologies
to
identify
overpayments
to
vendors
and
tax
authorities.
In
addition,
these
specialists
review
clients'
current
practices
and
processes
related
to
procurement
and
other
expenses
in
order
to
identify
solutions
to
manage
and
reduce
expense
levels,
as
well
as
apply
knowledge
and
expertise
of
industry
practices
to
assist
clients
in
improving
their
business
efficiencies.
In
March
2001,
the
Company,
in
order
to
focus
on
its
core
Accounts
Payable
business,
will
divest
of
its
non-core
businesses,
which
include
Meridian
VAT
Reclaim,
the
Logistics
Management
Services
segment,
the
Communications
Services
segment
and
the
Ship
and
Debit
division. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PRGX
provides
accounts
payable
and
other
recovery
audit
services
to
large
businesses
and
governmental
agencies
having
numerous
transactions
with
many
vendors.
For
the
six
months
ended
6/30/01,
revenues
increased
1%
to
$142.3
million.
Net
income
from
continuing
operations
decreased
83%
to
$1.2
million.
Results
reflect
an
increase
in
the
Accounts
Payable
Services
revenue.
Earnings
were
offset
by
$800
thousand
in
non-recurring
severance
and
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Cook, 58 Chairman,
Pres, CEO | $494K | -- | John Toma, 54 Vice
Chairman | 455K | -- | Donald Ellis, Jr., 49 CFO,
Exec. VP-Fin., Treasurer | 477K | $565K | Mark Perlberg, 45 Pres-Accounts
Payable Group | 656K | -- | Robert Kramer, 57 Exec.
VP and CIO | 321K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|