SPAR Group
 

SPAR Group Signs Joint Venture In India - Press Release  April 7th 2004

TARRYTOWN, NY - April 7 , 2004 - SPAR Group, Inc. (NASDAQ:SGRP) today announced the signing of a joint venture agreement with Solutions Integrated Marketing Services Ltd. of New Delhi, India. The new venture, in which SPAR will hold a 51% ownership interest, is expected to operate under the name SPAR Solutions India Private Limited and will provide leading-edge merchandising services to manufacturers and retailers throughout India.

"In line with our stated goal to expand our international operations, we are particularly pleased to establish a presence in the vibrant Indian economy," said Bob Brown, SPAR Group's chairman and chief executive officer. "We believe SPAR Solutions India is uniquely positioned through the application of SPAR Group's advanced technology and Solution Integrated Marketing Services' superior knowledge of the local market to bring highly measurable, cost-effective merchandising solutions to manufacturers and retailers in India."

SPAR Group, Inc. is a diversified international marketing services company, providing a broad array of productivity enhancing products and services to help Fortune 1000 companies improve their sales, operating efficiency and profits. The company provides in-store merchandising, in-store demonstrations, technology, and research to manufacturers and retailers covering all product classifications and all classes of trade including mass market, drug store, and grocery chains throughout the United States and internationally.

Solutions Integrated Marketing Services Ltd. is South Asia's leading marketing services company, offering a wide range of services to multinationals and Indian clients seeking to establish a stronger presence in the Indian sub-continent. Solutions has gained respect from clients for its comprehensive and integrated approach to clients' core marketing problems, as well as the breadth and depth of its infrastructure across the sub-continent.

"We believe that this joint venture allows us to offer state-of-the-art merchandising services to our clients who want nothing but the best," said Srikant Sastri, managing director of Solutions Integrated Marketing. "Our partnership with the SPAR Group gives us access to world-class technology and processes."

SPAR Group is a diversified marketing services company, providing in-store merchandising, in-store demonstration database and research services in general retail, mass market, drug and grocery chains.

To learn more about SPAR and its unmatched retail merchandising programs, call (800)314-SPAR (7727),email servingyou@sparinc.com or check www.sparinc.com.

Contact Us