COSTA MESA, Calif., January 7, 2004 - Resources Connection, Inc. (Nasdaq: RECN), an international professional services firm, announced today that in order to consolidate its brand across all professional service lines, The Procurement Centre, a wholly-owned subsidiary of Resources Connection, has been renamed Resources Connection. The Procurement Centre will go to market as the Supply Chain Management Practice within Resources Connection.
Resources Connection acquired The Procurement Centre, a leading professional services provider of supply chain management solutions, in October 2002. During the past fourteen months, The Procurement Centre has leveraged the infrastructure of Resources Connection to expand its business beyond the Texas region and will continue this expansion under the Resources Connection brand.
"The past year has provided us with the opportunity to integrate the team of professionals from The Procurement Centre into our overall business model," said Donald B. Murray, Chairman and Chief Executive Officer of Resources Connection. "The brand consolidation to Resources Connection is the next logical step in the evolution of our relationship and the expansion of our supply chain management services. We will begin to leverage the international presence of Resources Connection to offer our growing client roster this value-added offering."
Operating as part of the Resources Connection brand will allow The Procurement Centre to be fully integrated into the Company and provide its best-in-class supply chain management services to a wider audience of companies. The two brands have already worked together on several high profile accounts.
"We are pleased that the process has evolved so smoothly," said Tracy B. Stephens, Chief Executive Officer of the Supply Chain Management Practice of Resources Connection. "Becoming a part of Resources Connection has afforded us the opportunity to increase our reach beyond our primary regional targets. We look forward to capitalizing on the national and international opportunities that the Resources Connection brand will bring to our attention."
ABOUT RESOURCES CONNECTION
Resources Connection, Inc. is an international professional services firm that provides accounting and finance, human capital, information technology, internal audit and supply chain services on a project basis. The Company was originated as part of Deloitte in North America. Its legacy in Europe is from Ernst & Young and in Asia Pacific from Deloitte. Resources Connection today is completely independent, autonomous and publicly traded on NASDAQ. In addition to its project professional services, Resources Connection has established itself as a leading business services provider for companies seeking independent and cost effective assistance for meeting or complying with many of the complex business and regulatory issues in today's marketplace.
Headquartered in Costa Mesa, California, the company operates from more than 60 domestic and international offices. The U.S. client portfolio boasts 30 of the Fortune 50 companies. The company was named to Forbes Best 200 Small Companies list in 2003 for the second consecutive year. More information about the company is available at http://www.resourcesconnection.com.
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GCI Group
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