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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.
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