News By Tag
News By Place
Eurozone Crisis Represents Real Opportunities For Cost Containment
Whilst the Eurozone crisis is deeply concerning and has implications for the global economy there are tangible opportunities for European businesses to leverage cost containment measures.
Mr Allison further added, “Companies across Europe will now need to focus on cost containment as they weather the storm, and one of the simpler solutions for cost control will be outsourcing non-essential processes to lower cost locations. This has the immediate benefit of positively impacting the bottom line with no deterioration to service levels with customers. Our operations in South Africa and the Philippines afford our customers in Europe an immediate saving by levering labor arbitrage advantages in these locations. We believe that more and more European companies will seek new and innovative means to reduce their cost base, and outsourcing will be one of the strategies to achieve this goal.”
For further information please contact:
329 Umhlanga Rocks Drive,
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of Coracall. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital to support operations and projections of revenues and profitability. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.