Saturday, April 05, 2008

CBIZ Expands Its Unsecured Credit Facility to $150 Million

CLEVELAND, April 3, 2008 /PRNewswire-FirstCall/ -- CBIZ, Inc. (NYSE:
CBZ) today announced that it have expanded its unbarred recognition installation led
by Depository Financial Institution of America, NA, to $150 million from $100 million, effectual April
3, 2008. The enlargement functions to supply the Company with greater
flexibility for future acquisitions and share repurchases. "CBIZ goes on to turn gross at about 10% A year, and net income per
share from continuing trading operations have got increased by over 20% A twelvemonth for six
years now," stated Ware Grove, Senior Frailty President and Head Financial
Officer. "Our trading operations go on to bring forth strong hard cash flowing which has
been utilized to fund our acquisition and share redemption activity. The
increase in the recognition installation will give us greater flexibleness to address
these chances in the future," concluded Grove. CBIZ, Inc. supplies professional concern services that aid clients
better pull off their finances, employees and technology. As the largest
benefits specialist, one of the biggest accounting, evaluation and medical
practice direction companies in the United States, CBIZ supplies its
clients with fiscal services which include accounting and tax, internal
audit, amalgamation and acquisition advisory, and valuation. Employee services
include grouping benefits, place and casualty insurance, payroll, HR
consulting and wealthiness management. CBIZ also supplies information
technology, hardware and software system solutions, authorities relations,
healthcare consulting and medical pattern management. These services are
provided throughout a web of more than than 140 Company business offices in 34 states
and the District of Columbia. Forward-looking statements in this release are made pursuant to the
safe seaport commissariat of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to certain hazards and
uncertainties that could do existent consequences to differ materially from
those projected. Such hazards and uncertainnesses include, but are not limited
to, the Company's ability to adequately pull off its growth; the Company's
dependence on the current tendency of outsourcing concern services; the
Company's dependance on the services of its chief executive officer and other key employees;
competitive pricing pressures; general concern and economical conditions;
and alterations in governmental ordinance and taxation laws affecting its insurance
business or its concern services operations. A more than elaborate description
of such as hazards and uncertainnesses may be establish in the Company's filings with
the Securities and Exchange Commission.

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