Brian Dean, Publisher of OTCPicks.com, announced today that his firm has initiated Profile Coverage of SupportSave Solutions Inc. (OTCBB: SSVE). Mr. Dean comments, "We will be the first to admit it…this latest idea may not be the most exciting out there, in fact most of our members will find it quite boring. But, that is exactly what we were looking for this week – a solid, proven, revenue generating company.
And we have discovered what we think is a perfect fit. We feel we have found one of the only ideas out there that can not only weather the downturn in the economy, but even profit from it! On top of that, we think it is trading at bargain levels still.
Business process outsourcing (BPO) is basically just contracting the operations and responsibilities of a specific business function to a third-party service provider. Talk about a HUGE and GROWING market – according to McKinsey, the global BPO market is worth over $120 Bn!
How does a company benefit from BPO? It's simple really. BPO vendors contribute to a company's flexibility by allowing it to focus on its core competencies without being burdened by the demands of bureaucratic dictate. Key employees are released from performing non-core or administrative processes and can invest more time and energy in building the firm's core businesses.
Our latest stock idea, Supportsave Solutions (SSVE) is a leading provider of low-cost customer care services and business process outsourcing solutions in industries ranging from financial services to healthcare to travel and entertainment. With its low-cost business model that is 60 to 80% LOWER than the industry average, SSVE has an unbelievable competitive advantage.
So how does SSVE gain this competitive advantage? While the competition generally outsources from India, SSVE has discovered it can improve the value proposition it offers clients by outsourcing from the Philippines. This cheaper labor, in addition to the neutral accent and cultural affinity the Philippines shares with the U.S., makes this location ideal for outsourcing for most voice-based services.
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To view the OTCPicks.com Company Profile for SupportSave Solutions, please visit: http://www.otcpicks.com/supportsave-solutions.htm
About SupportSave Solutions
SupportSave Solutions, Inc. (OTCBB: SSVE) is a leading provider of low-cost customer care services and business process outsourcing solutions (BPO) for small and midsized companies in healthcare, financial services, business services, publishing, communications and travel and entertainment industries. SupportSave partners with its clients to deliver custom solutions that enhance bottom line performance. At just $897 per month per Full-time agent or dedicated employee, call us today at (925) 304-4400. For more information please visit: http://www.supportsave.com/.
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCPicks.com has been compensated two thousand dollars by a third party (Blue Wave Advisors) for one week of SSVE advertising and promotional activities.
