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·      The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. ·      BPO services include the outsourcing of business-related processes to third-party organizations. ·      The services include the outsourcing of functions such as customer relationship management, knowledge process outsourcing, finance & accounting, human resources, procurement, and vertical-specific processes. Global BPO Services industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the global bpo services market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies. - BPO services include the outsourcing of business-related processes to third-party organizations. The services include the outsourcing of functions such as customer relationship management, knowledge process outsourcing, finance & accounting, human resources, procurement, and vertical-specific processes. - CRM BPO services typically include consumer direct services, contact center outsourcing (which includes customer care, sales and marketing, and technical product support), collection services, and claims & warranty services. - Knowledge process outsourcing (KPO) services include research and analytics services such as competitive analysis, quantitative research & analytics, risk management & analytics, strategy & business development research, financial research, and legal process outsourcing (LPO). - Finance & accounting BPO covers operations relating to financial support functions, such as accounts payable and receivable, general ledger, payment processing, invoice, purchase order management & processing, receipt & reconciliation, and management reporting. - Procurement BPO covers the outsourcing of key procurement processes including sourcing support and administration, contract management, demand management, supplier relationship management, and performance reporting. - Vertical-specific BPO covers the outsourcing of services that require domain expertise. Vertical-specific BPO includes a range of processes such as insurance and annuities policy administration, claims and transaction processing, credit card analytics for banks and insurers, patient administration, medical coding, clinical research, and drug discovery & development for healthcare providers and pharmaceuticals. - Any currency conversions used in the creation of this report have been calculated using constant 2016 annual average exchange rates. - The global BPO Services market had total revenues of $140,316.1m in 2016, representing a compound annual growth rate (CAGR) of 4.4% between 2012 and 2016. - There are some very large and highly developed players in the Asia-Pacific market and many companies are located in Asia for the ability to offer offshoring services on a big scale. The North American BPO services market is the largest globally due to the US BPO market, accounting for over 90% of the regional market in value terms. Within Europe the UK is by far the biggest market in value terms almost, 4 times the size of France which is the second largest. - The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.1% for the five-year period 2016 - 2021, which is expected to drive the market to a value of $163,764.0m by the end of 2021. - Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global bpo services market - Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global bpo services market - Leading company profiles reveal details of key bpo services market players� global operations and financial performance - Add weight to presentations and pitches by understanding the future growth prospects of the global bpo services market with five year forecasts - What was the size of the global bpo services market by value in 2016? - What will be the size of the global bpo services market in 2021? - What factors are affecting the strength of competition in the global bpo services market? - How has the market performed over the last five years? - What are the main segments that make up the global bpo services market? ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bpo-services-global-industry-had-total-1403161m-in-2016-and-is-expected-to-grow-further-by-2021-300457682.html


·         The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. ·         The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.1% for the five-year period 2016 - 2021, which is expected to drive the market to a value of $163,764.0m by the end of 2021. Global BPO Services industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the global bpo services market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies. - BPO services include the outsourcing of business-related processes to third-party organizations. The services include the outsourcing of functions such as customer relationship management, knowledge process outsourcing, finance & accounting, human resources, procurement, and vertical-specific processes. - CRM BPO services typically include consumer direct services, contact center outsourcing (which includes customer care, sales and marketing, and technical product support), collection services, and claims & warranty services. - Knowledge process outsourcing (KPO) services include research and analytics services such as competitive analysis, quantitative research & analytics, risk management & analytics, strategy & business development research, financial research, and legal process outsourcing (LPO). - Finance & accounting BPO covers operations relating to financial support functions, such as accounts payable and receivable, general ledger, payment processing, invoice, purchase order management & processing, receipt & reconciliation, and management reporting. - Procurement BPO covers the outsourcing of key procurement processes including sourcing support and administration, contract management, demand management, supplier relationship management, and performance reporting. - Vertical-specific BPO covers the outsourcing of services that require domain expertise. Vertical-specific BPO includes a range of processes such as insurance and annuities policy administration, claims and transaction processing, credit card analytics for banks and insurers, patient administration, medical coding, clinical research, and drug discovery & development for healthcare providers and pharmaceuticals. - Any currency conversions used in the creation of this report have been calculated using constant 2016 annual average exchange rates. - The global BPO Services market had total revenues of $140,316.1m in 2016, representing a compound annual growth rate (CAGR) of 4.4% between 2012 and 2016. - There are some very large and highly developed players in the Asia-Pacific market and many companies are located in Asia for the ability to offer offshoring services on a big scale. The North American BPO services market is the largest globally due to the US BPO market, accounting for over 90% of the regional market in value terms. Within Europe the UK is by far the biggest market in value terms almost, 4 times the size of France which is the second largest. - The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.1% for the five-year period 2016 - 2021, which is expected to drive the market to a value of $163,764.0m by the end of 2021. - Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global bpo services market - Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global bpo services market - Leading company profiles reveal details of key bpo services market players� global operations and financial performance - Add weight to presentations and pitches by understanding the future growth prospects of the global bpo services market with five year forecasts - What was the size of the global bpo services market by value in 2016? - What will be the size of the global bpo services market in 2021? - What factors are affecting the strength of competition in the global bpo services market? - How has the market performed over the last five years? - What are the main segments that make up the global bpo services market? Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bpo-services-global-industry-market-value-expected-to--1637640m-by-the-end-of-2021-300457734.html


DUBLIN, Apr 25, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Legal Process Outsourcing (LPO) Rate Report 2017" report to their offering. The "Legal Process Outsourcing Rate Report 2017" details some of the world's largest Legal Process Outsourcing...


The Global Legal Process Outsourcing Services Market to grow at a CAGR of 28.67% during the period 2017-2021. LPO is the process of procuring legal services from an external provider. The cost of legal proceedings is increasing at a progressive pace. The outsourcing of these services is of strategic importance for law and corporate firms to reduce their expenditure on legal matters. LPO offers access to legal expertise from different countries and builds their core competencies. It helps clients increase their operational efficiency, reduce time-to-market cycles, obtain access to fresh talent, and equip organizations with an economical cost structure. Get a PDF Sample of Global Legal Process Outsourcing Services Market Report at: http://www.orbisresearch.com/contacts/request-sample/240987 The report covers the present scenario and the growth prospects of the global legal process outsourcing services market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The market is divided into the following segments based on geography: Global Legal Process Outsourcing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Cost reduction and enhanced efficiency of legal processes. For a full, detailed list, view our report Confidentiality and security issues. For a full, detailed list, view our report Alignment of legal services and procurement. For a full, detailed list, view our report What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors? For more information, please visit http://www.orbisresearch.com/reports/index/global-legal-process-outsourcing-services-market-2017-2021


News Article | April 27, 2017
Site: www.businesswire.com

MIDDLEFIELD, Ohio--(BUSINESS WIRE)--Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2017 first quarter ended March 31, 2017. 2017 First Quarter Financial Highlights Include (on a year-over-year basis unless noted): “The 2017 first quarter represents the completion and successful integration of the Liberty Bank, N.A. acquisition,” stated Thomas G. Caldwell, President and Chief Executive Officer. “Liberty’s immediate financial contribution was significant in the first quarter, which helped Middlefield achieve significant growth in profitability, loans, and deposits. While we are encouraged by the near-term financial success the Liberty acquisition represents, we are excited about the acquisition’s long-term potential. Through Liberty, we have enhanced our management team, added three highly productive branches, and expanded our geographic reach to Cuyahoga and Summit Counties. Middlefield’s larger scale and improved scope allow the company to improve profitability, while offering customers a broader range of community-oriented financial products. We also continue to be encouraged by our organic loan growth, which increased 4.8% from December 31, 2016 and 20.4% from March 31, 2016.” Net income for the 2017 first quarter was $2.1 million, or $0.78 per diluted share, compared to net income for the 2016 first quarter of $1.5 million, or $0.79 per diluted share. Annualized returns on average equity (“ROE”) and average assets (“ROA”) for the 2017 first quarter were 8.73% and 0.84%, respectively, compared with 10.57% and 0.92% for the 2016 first quarter. During the 2017 first quarter, Middlefield incurred one-time costs associated with the Liberty acquisition of $249,032, or $0.06 per share. Adjusted for these one-time acquisition costs, Middlefield had net income of .84 per diluted share, ROE of 8.9%, and ROA of 0.85% for the 2017 first quarter. Mr. Caldwell continued: “Over the past two years, there has been a significant amount of consolidation of banks across the state of Ohio. We believe this creates gaps in the local markets for community-oriented banks, such as Middlefield, to serve customers who desire local, personalized, and results-oriented financial products and services. Middlefield has created a strong and unique platform to capitalize on this trend and expand our market share throughout our two distinct and compelling Ohio markets. I am encouraged by the successful integration of Liberty, the performance of our new Sunbury branch and Mentor LPO, and the talented team of proven, experienced, and motivated bankers we have assembled. As a result, I am pleased with the direction we are headed and expect 2017 to be another good year for Middlefield.” Net interest income for the 2017 first quarter was $8.8 million, compared to nearly $6.3 million for the 2016 first quarter. The 38.5% increase in net interest income for the 2017 first quarter was primarily a result of a 48.7% increase in interest and fees on loans. The net interest margin for the 2017 first quarter was 3.84%, compared to 3.87% for the same period of 2016. Noninterest income for the 2017 first quarter was up 66.2% to $1.5 million, primarily a result of gains on the sales of investments and loans, as well as on earnings on bank-owned life insurance. Noninterest expense for the 2017 first quarter was $7.3 million, an increase of approximately $1.9 million from the 2016 first quarter. The higher noninterest expenses were primarily because of additional operating expenses as a result of the Liberty acquisition, higher salaries, employee benefits, and operating expenses to support the company’s growth objectives. “Asset quality remains strong as a result of Middlefield’s focus on proactive risk management and stable economic trends within our local markets,” said Donald L. Stacy, Chief Financial Officer. “Despite a 37.8% increase in our loan portfolio, nonperforming loans declined 23.7% over the twelve-month period ended March 31, 2017. We had $64.4 million in cash and cash equivalents on our balance sheet at March 31, 2017 and loans to deposits were 98.5%. I am pleased with the 577 basis point improvement in total loans to assets, which increased from 72.33% at March 31, 2016 to 78.1% at the end of the 2017 first quarter. Middlefield incurred nearly $250,000 of one-time expenses associated with the Liberty merger. We believe we will experience improved leverage of our fixed operating expenses as we benefit from the Liberty acquisition and grow our new Sunbury branch and Mentor LPO. In addition, we continue to focus on improving noninterest income to diversify our income streams and offset higher operating expenses.” Total assets at March 31, 2017 increased 46.2% to $1,071.5 million, from $732.9 million at March 31, 2016. Net loans at March 31, 2017 were $830.4 million, compared to $524.0 million at March 31, 2016. The 58.5% year-over-year improvement in net loans was across all loan categories, and was a result of organic growth and the contribution of the Liberty acquisition. Specifically, commercial mortgage loans increased 80.9%, residential mortgage loans increased 26.0%, commercial and industrial loans increased 93.5%, real estate construction loans increased 39.2%, and consumer installment loans increased 305.6%. Total deposits at March 31, 2017 increased 34.6% to $849.9 million from $631.4 million at March 31, 2016. The company continues to proactively manage its cost of funds and control deposit growth. The investment portfolio, which is entirely classified as available for sale, was $110.5 million at March 31, 2017, compared with $142.6 million at March 31, 2016. Tangible stockholders’ equity increased 36.5% to $80.6 million for the 2017 first quarter, compared to $59.1 million at March 31, 2016. On a per-share basis, tangible stockholders’ equity was $28.15 at March 31, 2017, compared to $31.42 at March 31, 2016. At March 31, 2017, the company had a Tier 1 leverage ratio of 8.95%, compared to 8.73% at March 31, 2016. During the 2017 first quarter, the company paid cash dividends of $0.27 per share, which represents a dividend payout ratio of 36.0%. The provision for loan losses was $0.2 million for the 2017 first quarter, compared to $0.1 million for the same period a year ago. Nonperforming assets at March 31, 2017 were $9.7 million, compared to $12.0 million at March 31, 2016. Net charge-offs for the 2017 first quarter were $0.4 million, or 0.02% of average loans, annualized compared to $0.1 million, or 0.10% of average loans, annualized at March 31, 2016. The allowance for loan losses at March 31, 2017 stood at $6.7 million, or 0.80% of total loans, compared to $6.4 million or 1.20% of total loans at March 31, 2016. The following table provides a summary of asset quality and reserve coverage ratios. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank holding company with total assets of $1,071.5 million at March 31, 2017. The bank operates 14 full-service banking centers and an LPL Financial® brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Solon, Sunbury, Twinsburg, and Westerville. The Bank also operates a Loan Production Office in Mentor, Ohio. Additional information is available at www.middlefieldbank.bank. This press release of Middlefield Banc Corp. and the reports Middlefield Banc Corp. files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Middlefield Banc Corp. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Middlefield Banc Corp.’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce interest margins; (3) changes in prepayment speeds, charge-offs and loan loss provisions; (4) less favorable than expected general economic conditions; (5) legislative or regulatory changes that may adversely affect businesses in which Middlefield Banc Corp. is engaged; (6) technological issues which may adversely affect Middlefield Banc Corp.’s financial operations or customers; (7) changes in the securities markets; or (8) risk factors mentioned in the reports and registration statements Middlefield Banc Corp. files with the Securities and Exchange Commission. Middlefield Banc Corp. undertakes no obligation to release revisions to these forward-looking statements or to reflect events or circumstances after the date of this press release.


News Article | April 20, 2017
Site: www.businesswire.com

FOUR OAKS, N.C.--(BUSINESS WIRE)--Four Oaks Fincorp, Inc. (OTCQX: FOFN) (the “Company”), the holding company for Four Oaks Bank & Trust Company (the “Bank”), today announced earnings for the first quarter ended March 31, 2017. The Company reported net income of $1.2 million or $0.18 per diluted share compared to net income of $831,000 or $0.13 per diluted share for the same period in 2016, an increase of $357,000 or $0.05 per diluted share. The Company recorded income tax expense of $653,000 for the three months ended March 31, 2017 as compared to $463,000 for the same period in 2016. President and Chief Executive Officer David H. Rupp stated, "In the first quarter, our performance continued to improve with a notable increase in earnings. We are pleased with the customer relationships that are driving robust deposit growth, which in turn have led to solid loan growth. Asset quality remains strong and we believe we have positioned Four Oaks Bank for a successful 2017." On March 8, 2017, the previously announced one for five reverse stock split of the Company’s outstanding common stock (the “Reverse Stock Split”) was effective. As a result of the Reverse Stock Split, every five shares of the Company’s common stock issued and outstanding were consolidated into one issued and outstanding share of common stock. All share and share-related information presented in this press release has been retroactively adjusted to reflect the decreased number of shares resulting from the Reverse Stock Split. Net interest margin annualized for the three months ended March 31, 2017 was 3.97% compared to 3.69% as of March 31, 2016. Net interest income totaled $6.4 million for the three months ended March 31, 2017 as compared to $5.9 million for the same period in 2016, an increase of $538,000 or 9.1%. Interest income totaled $7.6 million for the three months ended March 31, 2017 compared to $7.1 million for the same period in 2016, an increase of $487,000 or 6.8%. Interest expense remained flat at $1.2 million for the three months ended March 31, 2017 and 2016. The primary driver of the improved margins and overall net interest income was the increase in interest earned on loans offset by a decrease in interest earned on investment securities. Both of these fluctuations were driven primarily by changes in average balances as interest rates remained fairly constant over both periods. Non-interest income was $1.3 million for the three months ended March 31, 2017 compared to $1.2 million for the same period in 2016. Increases were seen in all categories of non-interest income as compared to the prior year. Service charges and fees increased $55,000 while other non-interest income increased $45,000. Additionally, the Company invested in a new bank owned life insurance policy during the fourth quarter of 2016, which increased fee income for the three months ended March 31, 2017 by $55,000. Non-interest expense totaled $5.9 million for the three months ended March 31, 2017 compared to $5.8 million for the same period in 2016. Other operating expenses increased $210,000 due primarily to the normalization of card processing expenses as all card-related conversions are now complete. There was additionally an increase in total compensation expenses, which totaled $110,000. The primary drivers of this increase were changes in the vesting expectations for performance based restricted stock awards and an increase in the Company match on employee 401K plans that was implemented late in the first quarter of 2016. These increases were offset by improvements in asset quality related expenses, which led to reductions in FDIC assessment rates as well as collection and foreclosure related expenses. Total assets were $736.7 million at March 31, 2017 compared to $719.9 million at December 31, 2016, an increase of $16.8 million or 2.3%, primarily due to increased cash and loan growth. Cash, cash equivalents, and investments were $175.3 million at March 31, 2017 compared to $163.6 million at December 31, 2016, an increase of $11.7 million or 7.1%. Outstanding gross loans grew to $513.0 million at March 31, 2017 compared to $507.0 million at December 31, 2016, an increase of $6.0 million or 1.2%. Total liabilities were $667.1 million at March 31, 2017, an increase of $15.2 million or 2.3%, from $651.9 million at December 31, 2016. Total deposits increased $6.5 million or 1.2% during the three month period ended March 31, 2017, from $553.5 million at December 31, 2016, to $560.0 million at March 31, 2017. Demand, savings, and money market deposit accounts increased $16.4 million or 4.6% during the three month period ended March 31, 2017 totaling $368.6 million compared to $352.2 million as of December 31, 2016. This growth was offset by reductions in time deposits of $9.9 million or 4.9%, which totaled $191.4 million as of March 31, 2017 compared to $201.3 million at December 31, 2016. Long-term borrowings were $80.0 million at March 31, 2017 compared to $70.0 million at December 31, 2016, an increase of $10.0 million or 14.3%. Total shareholders’ equity increased $1.5 million or 2.3%, from $68.0 million at December 31, 2016, to $69.5 million at March 31, 2017. This increase resulted primarily from net income generated during the first quarter, as well as increases in accumulated other comprehensive income on the available for sale securities portfolio. Asset quality measures have continued to be positive and management believes asset quality is now at stabilized levels. Nonperforming assets totaled $6.1 million or 0.82% of total assets at March 31, 2017 compared to $6.0 million or 0.84% of total assets at December 31, 2016. The allowance for loan and lease losses remained flat at $9.6 million for the periods ended March 31, 2017 and December 31, 2016. The allowance for loan and lease losses as a percentage of gross loans was 1.88% and 1.90% at March 31, 2017 and December 31, 2016, respectively. The Company reported a classified asset to capital ratio of 8.4% as of March 31, 2017 compared to 8.9% as of December 31, 2016. The Bank remains well capitalized at March 31, 2017 and reports total risk based capital of 15.5%, Tier 1 risk based capital of 14.2%, a leverage ratio of 11.2%, and common equity Tier 1 capital of 14.2%. At December 31, 2016, the Bank had total risk based capital of 15.4%, Tier 1 risk based capital of 14.1%, a leverage ratio of 11.0%, and common equity Tier 1 capital of 14.1%. With $736.7 million in total assets as of March 31, 2017, the Company, through its wholly-owned subsidiary, Four Oaks Bank & Trust Company, offers a broad range of financial services through its fifteen offices in Four Oaks, Clayton, Smithfield, Garner, Benson, Fuquay-Varina, Wallace, Holly Springs, Harrells, Zebulon, Dunn, Raleigh (LPO) and Apex (LPO), North Carolina. Four Oaks Fincorp, Inc. trades through its market makers under the symbol of FOFN. Information in this press release may contain forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the failure of assumptions underlying the establishment of the allowance for loan losses, the risks of changes in interest rates on the level and composition of deposits, the effects of future economic conditions, government fiscal and monetary policies, legislative and regulatory changes, our ability to maintain compliance with the Written Agreement we entered with the Federal Reserve Bank of Richmond in July 2015, the effects of competition from other financial institutions, and the low trading volume of the Company's common stock. Additional factors that could cause actual results to differ materially are discussed in the Company's filings with the Securities and Exchange Commission, including without limitation its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The Company does not undertake a duty to update any forward-looking statements in this press release.


News Article | January 25, 2017
Site: globenewswire.com

ATLANTA, Jan. 25, 2017 (GLOBE NEWSWIRE) -- DTI, a global legal process outsourcing (LPO) company providing eDiscovery, managed services, litigation support, and court reporting, and Epiq, a leading global provider of integrated technology and services for the legal profession, today announced their participation at Legaltech New York. Brandon Mack, director of advanced technologies at Epiq, will introduce Dr. Erwin Chemerinsky, founding dean and distinguished professor of law & Raymond Pryke professor of first amendment law at University of California, Irvine School of Law. Chemerinsky will deliver an update on the Federal and Supreme Court. The session takes place on Tuesday, Jan. 31 at 11 a.m. ET and is CLE eligible. The companies will exhibit at booth No. 310 Jan. 31 through Feb. 2 at the New York Hilton Midtown, and showcase their eDiscovery business intelligence platform DMX™ (DocuMatrix®). “We are continually focused on improving the client hosting experience and equipping our clients with the essential discovery management tools needed to achieve efficient, intelligent processing, assessment, review and production,” said John Davenport, Jr., chief executive officer. “We want to arm legal practitioners with a platform that offers unprecedented insight into case data, and is platform-agnostic to deliver actionable insights across and within case portfolios.” Electronic discovery experts will be on hand to share knowledge spanning the entire eDiscovery process with attendees, from data protection, legal hold and forensic collection to data preservation and processing, through document review and production. eDiscovery and product experts will be available for demonstrations at booth No. 310, or by requesting a demo directly. To request a demo, click here. About Legaltech New York Legaltech® provides an in-depth look at what the technological world has in store for you and your practice and offers an expansive exhibit floor with the most extensive gathering of innovative products designed to meet your current and future technology needs. About DTI DTI is a leading legal process outsourcing (LPO) company serving law firms, corporations and government entities around the globe. DTI helps its clients accelerate the changes they must make to remain competitive. DTI is a preeminent leader in the management of information and processes. The company manages risks and minimizes costs associated with complex litigation and compliance functions. The extensive experience in eDiscovery, managed services, litigation support, and court reporting is unmatched in the industry. To learn more about DTI’s global footprint, flexibility, capacity and world-class project management, visit www.DTIGlobal.com. About Epiq Epiq is a leading global provider of integrated technology and services for the legal profession, including eDiscovery, managed services, bankruptcy, class action and mass tort administration, federal regulatory actions and data breach responses. Our innovative solutions are designed to streamline the administration of litigation, investigations, financial transactions, regulatory compliance and other legal matters. Epiq’s subject-matter experts bring clarity to complexity, create efficiency through expertise and deliver confidence to our clients around the world. For more information, visit us at www.epiqsystems.com.


News Article | February 16, 2017
Site: www.prnewswire.com

NEW YORK, Feb. 16, 2017 /PRNewswire/ -- Integreon, a leading global provider of outsourced legal, document, business and research support, today announced the appointment of legal process outsourcing (LPO) industry veteran, and contract lifecycle management (CLM) expert, Rachita Maker to...


News Article | February 16, 2017
Site: www.businesswire.com

FOUR OAKS, N.C.--(BUSINESS WIRE)--Four Oaks Fincorp, Inc. (OTCQX:FOFN) (the “Company”), the holding company for Four Oaks Bank & Trust Company, today announced that its Board of Directors (the “Board”) has approved a one for five reverse stock split of its outstanding common stock (the “Reverse Stock Split”) to take effect at approximately 5:00 pm, Eastern Time, on March 1, 2017 (the “Effective Time”). The Reverse Stock Split was approved by the Company’s shareholders at the special meeting of shareholders held on November 8, 2016. As a result of the Reverse Stock Split, every five shares of the Company’s common stock issued and outstanding at the Effective Time will be consolidated into one issued and outstanding share of common stock. The Company will not issue fractional shares in connection with the Reverse Stock Split. Instead, shareholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by five will automatically be entitled to receive an additional fraction of a share of common stock to round up to the next whole post-split share. In connection with the Reverse Stock Split, there will be no change in the par value per share of $1.00. Trading of the Company’s common stock on the OTCQX is expected to continue, on a split-adjusted basis, with the opening of the markets on Thursday, March 2, 2017, under the existing trading symbol “FOFN” with a new CUSIP number. Based on the number of shares currently outstanding, the Reverse Stock Split will reduce the number of shares of the Company’s common stock outstanding from approximately 35 million shares prior to the Reverse Stock Split to approximately 7 million shares following the Reverse Stock Split. Computershare Trust Company, N.A., the Company’s transfer agent, will act as the exchange agent for the Reverse Stock Split and will send instructions to shareholders of record regarding the exchange of certificates for book-entry shares of common stock. President and Chief Executive Officer David H. Rupp stated, “After two solid years of performance, this reverse stock split represents the next step in our plan to improve balance sheet efficiency for our Company. We have been fortunate to have a loyal and supportive shareholder base and are working every day to create shareholder value for them.” With $719.9 million in total assets as of December 31, 2016, the Company, through its wholly-owned subsidiary, Four Oaks Bank & Trust Company, offers a broad range of financial services through its fifteen offices in Four Oaks, Clayton, Smithfield, Garner, Benson, Fuquay-Varina, Wallace, Holly Springs, Harrells, Zebulon, Dunn, Raleigh (LPO) and Apex (LPO), North Carolina. Four Oaks Fincorp, Inc. trades through its market makers under the symbol of FOFN. This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs and assumptions and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations, and contentions and are not historical facts and typically are identified by use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “continue,” and similar words, although some forward-looking statements are expressed differently. Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond the Company’s control, and which may cause results to differ materially from expectations. For a discussion of the most significant risks and uncertainties associated with the Company’s business, please review the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2015 and subsequent reports. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Company’s expectations as of the date of this press release and speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.


ATLANTA, Feb. 14, 2017 (GLOBE NEWSWIRE) -- DTI, a global legal process outsourcing (LPO) company providing eDiscovery, managed services, litigation support, and court reporting, announced today that the company has successfully attained the ISO 27001:2013 Security Certification of their Seattle and Atlanta data center environments. ISO 27001 verifies that the DTI Atlanta and Seattle data centers, along with its certified operations in London, have the infrastructure and processes required to protect client information with a high degree of security. "Our clients require the highest levels of security and availability for their networks," said Tony Bennet, security and compliance officer at DTI. "ISO 27001 certification assures clients that DTI has met the necessary requirements, and this critical achievement testifies to the lengths to which DTI will go to support the security requirements of our clients." “The certification of our Seattle and Atlanta data center environments further validates our commitment to judiciously protecting and managing our clients’ information assets,” said Shaun Cutter, chief technology officer at DTI. The International Organization for Standardization (ISO) sets the standards by which organizations ensure their materials, products, processes and services are reliable and secure. ISO is a network of national standards institutes from 163 countries working in partnership with international organizations, governments, industry, business and consumer representatives. ISO 27001:2013 is considered the gold standard of information assurance for many global organizations around the world. About DTI DTI is a leading legal process outsourcing (LPO) company serving law firms, corporations and government entities around the globe. DTI helps its clients accelerate the changes they must make to remain competitive. DTI is a preeminent leader in the management of information and processes. The company manages risks and minimizes costs associated with complex litigation and compliance functions. The extensive experience in eDiscovery, managed services, litigation support, and court reporting is unmatched in the industry. To learn more about DTI’s global footprint, flexibility, capacity and world-class project management, visit www.DTIGlobal.com.

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