IRVINE, Calif., Jan. 8, 2008 (PRIME NEWSWIRE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) (Frankfurt Stock Exchange:WKN A0J265) (Frankfurt:Q9A) announced today the appointment of Matthew Helsius as the president of its recently acquired subsidiary, PrimeStar Marketing, Inc. Mr. Helsius brings over 18 years experience in finance, operations and management.
"As Sage Global embarks on an exciting new corporate path, I am very pleased to have a person of Matt's caliber on board to guide us," said Joey Sanchez, CEO of Sage Global Solutions, Inc. "He will be closely involved in developing our strategy as we look toward evaluating the multitude of market opportunities in front of us."
Most recently, Helsius was division manager of Health Plan Holdings, Inc., a national third party administrator (TPA), where he was brought on as part of a "turnaround" team in conjunction with a buyout by key management and then retained to manage the California Division. Helsius was previously the VP of finance and operation at IBIS, Inc., a local TPA, controller at ProMed Healthcare Administrators, Inc. and assistant controller at Shared Medical Alternatives, Inc., a $37 million regional TPA. Helsius has a Bachelor of Arts Degree in economics and accounting from Claremont McKenna College in Claremont Calif.
"Being part of the PrimeStar team at this critical time in our corporate life is very exciting," said Helsius. "I am confident in our ability to capitalize on opportunities that exist in the growing and underserved markets for our services."
About PrimeStar -- Subsidiary of Sage Global
For businesses, PrimeStar offers solutions that reduce or eliminate the costs and hassles of issuing checks to employees, members, insureds, or service providers both domestically and internationally. Mailing, processing time, lost checks, fraud, and problems cashing checks are a thing of the past with PrimeStar. PrimeStar is able to develop innovative solutions for a company's "money process" problems. Conversion of paper processes to a purely digital solution enables PrimeStar to deliver cost savings, improve customer service, and increase the organization's perceived value to the customer.
For consumers, PrimeStar, through its PrimeStar Financial Centers, will offer a low cost version of a full service bank branch, with an innovative, multi-faceted money services product to segments of the population that the current financial system fails to reach. PrimeStar Financial Centers are money service centers that will integrate high-demand products currently being offered on an independent basis by multiple providers. Through the use of available technology, the centers will deliver to the consumer services with recognized value and convenience such as check cashing, money remittance, money orders, online account management, online bill payment, and ATM access. For more information visit: http://www.primestarcard.com
Safe Harbor Statement
Statements in this press release about the company's future and expectations other than historical facts are "forward-looking statements." These statements are made on the basis of management's current views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management "believes," "plans," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Management cautions that the ability to attract clients and generate business may be affected by a decline in the Company's financial ratings, the competitive environment, the Company's ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company's continuing operations and changes in market conditions.