Boca Raton, FL (PRWEB) October 28, 2004
Edmond L. Prins CEO of Idled Assets Group announced today that the company would donate 10% of the service fees it collects from its large corporate clients for creating and executing Managed Exit Programs for plant closings to charities like Habitat for Humanity to help spur economic growth within the affected communities.
ÂOver the last 25-years I have had the opportunity to work with Fortune 1000 companies to help them structure the sale of closed plants all over the United States,Â said Prins. He continued, ÂI have been able to create bottom-line returns for companies from restructuring steel mills as industrial parks, heavy industrial sites as multi-tenant incubators for example and bring jobs back to shuttered plants which on its own has been tremendously rewarding.Â
The company wanted to go one step further and make direct donations to charitable institutions that can help these communities adversely affected by plant closings. Therefore starting today, Idled Assets Group will try to directly help these communities with donations of a portion of its fees to help charities that can impact the economic vitality of those communities.
Idled Assets Group is the pre-eminent asset-based investment services firm. Our area of expertise is assisting senior management of Fortune 1000 companies and communities with the effects of corporate streamlinings and solvent liquidations. Specifically, IAG creates and most importantly executes Managed Exit Programs. These programs are designed to help IAGÂs clients manage crisis situations that deal with closing or closed locations in a manner that will reduce or eliminate contingent liabilities and generate financial return and positive community relations.
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