Rose International Awarded
National Preferred Vendor
Status at Three Firms
For Immediate Release
Rose International Awarded National Preferred Vendor Status at Three Firms
ST. LOUIS, MO - June 16, 1999 - Rose International has announced today that is has recently obtained national vendor status from three large Fortune 500 firms that will allow the company to bid on IT staffing assignments across multiple geographic markets for the next several years.
Sears, Inc., a leading retail company, has awarded Rose preferred vendor status. In addition, Rose has obtained national preferred vendor status from two super-regional local phone companies. The selection of Rose as an approved national vendor by these firms represents an important milestone in the company's strategy of developing strategic long-term customer relationships with national organizations.
Chairman and Chief Executive Officer, Himanshu Bhatia commented on the new national accounts, stating, "We are very pleased to have earned the preferred vendor positions awarded by these firms. We have put in place significant internal systems in anticipation of such awards. With this structure in place the large national accounts will fuel our growth into new markets over the next several years. We fully anticipate announcing several more such relationships in the coming months.
As a preferred vendor, Rose will be one of a select few firms invited to bid on IT staffing assignments in several geographic regions. The company's consultants will provide a wide range of IT services that encompass the full lifecycle of systems development and management. The key strengths of Rose in this industry are: 1) an aggressive use of technology which significantly enhances the ability to recruit technical consultants, 2) the demonstrated commitment to the local markets of Rose customers, 3) the focus on providing value - quick response with quality people across a wide range of technical disciplines, and 4) an incredibly low employee turnover of just 12% over the last two years.
Eric Token, Vice President commented, "It's an honor to be selected to serve companies such as these on a national basis. The competition for such awards is fierce and these awards are now beginning to come to Rose with more frequency. This is a culmination hard work to prepare the company to meet exactly such demands. The entire Rose staff, nationwide, is to be commended. Everyone understands why we are here, and such focus and dedication has resulted in unmatched capabilities in the IT staffing arena. Our customers recognize these capabilities. Beyond customer experiences, a telling sign of our strength, or any company in our industry, is the ability to attract and retain high quality technical professionals. It is certain that these awards along with the an employee retention rate of 88%, speak volumes on where this company is headed."
Rose classifies a national account as a Fortune 1000 firm or Government entity which utilizes IT staffing services in multiple geographic markets and typically expends over $10 million for IT staffing services. Examples of other current Rose national accounts include Anheuser-Busch Companies and the Department of Defense.