BELIZE CITY, Belize, Oct. 27 /PRNewswire/ -- Carlisle Holdings Limited
(Nasdaq: CLHL; London: CLH), a leader in outsourced facilities services and
staffing services announced today that their Chairman, Michael A. Ashcroft had
recently agreed to purchase 23.5% of Belize Telecommunications Ltd ("BTL")
previously held by MCI WorldCom, Inc.
A twelve month option to purchase this additional BTL stake at cost plus
financing was granted to Carlisle by Mr. Ashcroft which would give Carlisle a
controlling interest in the company.
Notwithstanding Carlisle's current strategic direction to develop its
services businesses in the United States and United Kingdom, the consolidation
of BTL would create certain significant advantages which could help to
maximize Carlisle's shareholder value.
Background Information
Through its OneSource brand, Carlisle Group is a leader in the outsourced
facilities services sector in the U.S. and provides janitorial, landscaping,
commercial interior painting services, general repair and maintenance and
other specialized services for more than 11,000 commercial, institutional and
industrial accounts. In the U.K. Carlisle Group is also a leading provider of
outsourced facilities services, through LI Group and Capitol Security
Services, and has a significant presence in the staffing services sector under
a number of leading brands, including Recruit, Indigo Selection and Tate in
over 70 locations servicing a diverse base of over 5,000 clients in the
following markets: IT, Finance and Banking, Office and Industrial, Education
and Care, Retail, Truck Driving, Technical, Legal and Catering.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. In particular, statements contained herein regarding expectations
with respect to future revenue and business expansion, are subject to known
and unknown risks, uncertainties and contingencies, many of which are beyond
the control of Carlisle, which may cause actual results, performance or
achievements to differ materially from anticipated results, including, among
others, overall economic and business conditions, the demand for Carlisle's
services, competitive factors, regulatory approvals and the uncertainty of
consummation of future acquisitions. Additional factors which may affect
Carlisle's business and performance are set forth in filings by Carlisle
Holdings Limited with the Securities and Exchange Commission.
Note: This and other press releases are available at the company's web
site: http://www.carlisleholdings.com.
SOURCE Carlisle Holdings Limited
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Related links:
http://www.carlisleholdings.com
Company News On-Call:
http://www.prnewswire.com/comp/114380.html or fax,
800-758-5804, ext. 114380
CONTACT:
Carlisle Group, 561-368-3899, or Broadgate
Consultants, Inc., 212-232-2222, for the Carlisle Group
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